Project 1000: June 2019 – 597 Days to Freedom

Welcome to the latest Project 1000 update! This is where we share the progress of our 1000-day journey to freedom once a month. New readers: If you have not read our plan yet, I recommend you do so now and then come back here. 

Overall Goal

Slow and steady wins the race! We are very excited that we have officially passed the 50% mark for our overall goal! 🙂

We have also crossed the 600-day line, only 597 days left until the end of Project 1000! Time really seems to fly at the moment, I really don’t know where the last 400 days since the start of this project went! I have started reviewing our old projections and am trying to adjust our plans to account for the higher living costs we are facing now that we have Flamingo Jr. on board. I have been on maternity leave since his arrival (unpaid) and moving forward we will have to pay for childcare. We might also have to rent a bigger apartment. Lots of things to consider, but we are still positive we will be able to make our plan for Project 1000 work.

Last month, I received some employer shares and we added our regular cash savings amount to the offset account. Mr. Flamingo also received his monthly employer Super contribution. May was another financially uneventful month for us, so I don’t have too much to report. Overall, we got another 1.1% closer to our 1000-day goal. 

Now let’s have a look at the individual buckets that make up our total goal:

Our Flamingo FI nest egg grew from 62.4% to 64% of its target size in May. 

Flamingo FI

The price of my employer shares on the NASDAQ went down a little in May, so the new shares just made up the difference in value. Our Super balances went up a little as did the equity in our investment property. Our cash savings still sit in the offset account waiting for our decision what to invest in next.

This is what our current asset allocation looks like:

 

Thanks for reading! See you back here for next month’s update!

 

2 thoughts on “Project 1000: June 2019 – 597 Days to Freedom”

  1. Great to see you have managed to keep climbing, even when on mat leave!

    This was a time we, unfortunately, went backwards as I really underestimated all the incidentals

    Reply
    • The extra costs combined with the loss of income really is a killer! Our progress is definitely slowing down now and I think we will have a few months coming up where we won’t be able to add anything to our savings. Not an easy time financially but definitely worth it!

      Reply

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