Mid-year progress update

Well well well, look who’s back? Yes, it’s me. And it’s time for everyone’s favourite post? Well maybe you like the other ones but I’m writing this one so here it is. I’m happy to report we’ve actually made some steady progress toward our goal. It might seem unclear, but I will explain it all below.

I am sorry for the delayed post. My novel launched and my attention has been elsewhere. I still love you guys I promise.

📉Markets - Year to date

Our portfolio - YTD

S&P 500 - YTD

This is quite the contrast to the last time I posted an update. Naturally, it is a lot more fun seeing your portfolio in the green even though a bear market makes sense in the long run.

🔥Our FIRE update

As you may or may not know, I’ve created an online FIRE calculator and budget tracker. (Shameless plug) what you don’t know is that I made it FREE! You can contribute if you wanted to, however, I wanted to make sure you can get going today without any excuses.

Ok, keen readers might have noticed that we went down 2% from my last update. It’s rather simple, I’ve since adjusted our FIRE goal. I really don’t want to keep moving the goal as I do feel the amount we are aiming for, for now, will be more than enough for us to sustain ourselves. So in reality we’ve actually grown by 2% even though it might not seem like it…

With that said, I ran our current updated amount through our Projectionlab software and my retirement age still sits around 46! Not bad!

Prjectionlab is a game changer and it is the level-up from my FIRE tracker. You can run all sorts of simulations and cool things on the software.

🌱Enough about us

I had the immense privilege of having a family friend reach out in the last few weeks. We’ve been conversing via email and I could tell she was the real deal! I’ve mentioned it a few times but I often talk to people who love to theorize and speculate but they do so from the sidelines.

She took the advice, completed the investing course and she is on her way! These emails and connections are exactly why I have this blog. If you ever wanted to have a chat or a conversation, feel free to email me any time!

You can reach me at mail@firelife.co.nz

Interesting things

📕Book

OK, this is the last time I plug the book, but it has been super exciting getting my novel into the world! People have been so supportive and encouraging. If you wanted to get a copy, you can grab it here.

💰Sharesies Savings

Sharesies have recently brought out their version of a high-interest bank deposit. I will say, they definitely opened in the right way by promoting 4.6% pa growth on your hard-earned money in their savings account. You can read more about it and apply here.

Final Word

I just wanted to say thanks. Thank you to all the awesome readers of the blog and the book. You guys are great and I will continue to write these blogs and posts until we reach our goal because it is important! Not to only us but to those who choose a similar path.

Until next month folks.

Milan