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!

As a result of all this, the Millionaire by 2020 2019 plan tracker is now sitting at 39.7% compared to the target of 22.5%.  This equates to a 2.6% increase from January, which is over twice the budgeted growth rate.

My big focus for March is on reducing my food expenditure … and waistline.  The first week of my financial diet went brilliantly, but the first week of March is going to be a challenge, with a morning tea at work, coffees with friends, and two nights out on the weekend.

I’ll keep you posted on my progress in March.

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