Saturday, 28 February 2015

February 2015 in review

Millionaire by 2019 Plan – February 2015 Update
Millionaire by 2020 2019 Plan – February 2015 Update

February came back from the January doldrums with a roar.  The share market rebounded, and demonstrating the positive power of gearing, the equity in the MoH’s share portfolio grew by more than 20% in one month!  My super balance also grew, aided by a final (quite late …) payment from my previous employer.  And my cash balance grew solidly, as I didn’t have any major bills and didn’t have time to spend much money due to bricks-and-mortar commitments!

The good news was a bit too good to believe, so I’ve actually squirrelled away some additional cash into the goals bucket.  If the share market goes pear shaped again, I can redirect it back to savings.  And if things continue to go well, then I can have an extra well-earned holiday!

Sunday, 15 February 2015

Confidence, hope, and regeneration … aka the lizard dream

Millionaire on Heels - The Lizard Dream
The Lizard

Do you ever have dreams that you just wake up from and can’t stop thinking about?

I usually forget about my dreams straight away, so when I remember them, I can’t help thinking there’s a really significant message in there for me.

Yesterday afternoon I fell asleep on the sofa and ever since I woke up, I haven’t be able to stop thinking about the dream I had.

I was on a beach with someone (obviously wiser than myself) and a strange lizard-like thing.  It was a shapeless creature that lived in a protective shell.  This particular one had just grown a new shell, a process that took it three years.  The wise person showed me how by organising its amorphous self into a particular pattern, the lizard enabled the new shell to grow.  When I asked to see an example (typical me …), the lizard went off to try to find its mother, who it hadn’t seen in years, but remained ever hopeful of seeing again, once she had completed the regrowth process herself.

Sunday, 8 February 2015

Paper millionaire … or homeless millionaire

Millionaire on Heels - Paper millionaire … or homeless millionaire
How many bundles of these does it take to become a paper millionaire?

Those of you who are close followers of the MoH will know that the Millionaire by 2020 Plan is based on investible assets – i.e., excluding the house, Lamborghini, etc.  In December 2012, I had an initial stash of super, shares, and cash accumulated over 15 years, and each month since, I’ve been adding to the total, with the aim of reaching $1 million in investible assets by the end of 2020 (now 2019!).

In addition to my progress against the Millionaire by 2020 Plan, I also like to periodically track my net worth.  Net worth includes all of your assets, less all of your liabilities.  I tend to ignore depreciating assets like my Lamborghini-masquerading-as-a-VW, home contents, etc.  My main assets are my house, super, cash, and shares.  And my liabilities are my mortgage and margin loan.  I don’t have credit card debt, personal loans, etc.