I never thought in my wildest dreams that I could read about business and economics for hours and never get bored with it. The psychology of investing and human behavior is so fascinating and a never ending subject to study.

When the mind is entertained, you never get bored. FIRE has gave me an amazing opportunity to learn about the world in depth. Without the limitations of time and restrictions of countless responsibilities life may have thrown towards me. If need be, I can spend countless hours learning about one particular topic till the later hours of the day without the worries of tomorrow.

Learning for me, is more entertaining than travel. Yes I said it. 😌

That being said, time to get Q1 in the books!

 

My Baby Steps Towards $10 Million

Investments Goals

• 2020-3: Generate $10,000 in dividend income
• 2020-3: Invest at minimum $1,500 per month into the dividend portfolio.
• 2020-3: Reach a $50,000 Fundrise Portfolio.
• 2020-5: Maintain steady portfolio growth between 6% to 12%
• 2021-9: Invest $200 per month into M1 Growth Pie.
• 2020-6 to 2021-9: Invest $100 per month into M1 Growth Pie.

Income, Cash Flow, & Saving Goals

• 2020-3: Achieve positive cash flow every month of the year.
• 2020-5: Increase annual income by 6% every year.
• 2020-6: Maintain long term average savings rate at or above 30%.

Net Worth Goals

• 2020-6: Maintain Net Worth CAGR above 6%.

 

Generate $10,000 in Dividend Income

I expect to reach $10,000 in divy income sometimes around Q4 of this year!

 

Invest at Minimum $1,500 per Month Into The Dividend Portfolio

The LBF Dividend Portfolio had a total net inflow of $9,031.18 YTD ($3,010.36 per month average) by the end of Q1.

 

Reach a $50,000 Fundrise Portfolio

• Q1 2022 – Dividend payment was $165.15

• There has been an update to the share price from $11.44 to $13.08 and increase of 14%.

Total value of my Fundrise investments come to $43,657.66. I’m nearly at my $50,000 target!

Interested in Fundrise? Sign up using my referral link and get started!

 

Maintain steady portfolio growth between 6% to 12%

What an amazing start to the year! In the RED! 🙂

Let’s take a step back and take a look at how we are doing since I shared these comparisons back in 2020.

Not to shabby. My portfolio has taken a hit this quarter which felt like a healthy correction in the markets.

 

Invest $200 per Month into M1 Growth Pie

My M1 dashboard and historic charts got reset once I transferred stocks over to the platform. Apparently, if you wish to move specific stocks around in different pies, you lose historic charts and some data. They merged my transferred stocks with the LBF Growth Pie 🤦‍♂️. That resulted to removing some of my largest gainers affecting my overall returns for this pie. No worries! I just bought them back into the pie luckily during the correction.

You can check out my updated pie here! If you sign up and deposit $100 using my link, you and I both get $50! Sign up with M1 Finance!🎉

 

Achieve positive cash flow every month of the year

I barely made positive for the month of March. I’m surprised I was able to break positive especially after we got a new addition to our family!

Meet GENJI! He is 3 months old and loves to chew on EVERYTHING. Including our face. 😲

 

Increase annual income by 6% every year

Income is down -22.5% yoy. This is expected as I had a massive windfall gain in income from investments last year.

 

Maintain long term average savings rate at or above 30%

Savings rate is slightly above my target of 30%. Q1 had some major appliance purchases, gifts, and charitable giving hitting all time highs but travel expenses have been nearly non-existent to make up the difference.

 

Increase net worth by at minimum 6% annually

Snapshot of net worth from Personal Capital. Sign up using my link and get $20.

Net worth YTD: +1.2%

The pitfall you see is due to transfers. Not a bad start to the year considering all the crazy volatility. A 6% return this year may be difficult but still possible. I am more optimistic than the current consensus among investors. However, I do expect the next few years to be stagnant.

 

ETA 10 Million

Based on current trends, projections and expectations for future growth, my best to worst case scenario towards a $10 million net worth will be the following:

How many years will it take to reach $10 Million net worth?

17 to 32 years

By what age?

Between 58 and 73

I am constantly making adjustments to my expectations, therefore these numbers may change dramatically overtime. My decisions on how I wish to spend my life will also affect these projections. Reaching a net worth of $10M is not a goal that I believe I should sacrifice for. It is just a challenge to entertain my post FIRE life. Balance is key and life is too short!

 

Final Thoughts

Cash no longer provides comfort, liquidity does. I have dramatically reduced my cash holdings and will likely live with lower amounts indefinitely. No longer at this point will I need months of cash for emergency funds. It is just another phase financially that I have been working towards. As conservative as I am, this new phase in my financial journey will allow me to take riskier investments without the losses affecting my flame.

A milestone at a time my friends. Onwards! 🚀🚀🚀