The gong crashes. The gavel lands with a resounding thud.
I am *almost* debt-free.
The buyer exercised her option to purchase my condo this morning. The expected end of the conveyancing period is three months from now or 4 September 2018. Ah, the day on which I should finally recover my long last funds, which have been trapped in the investment wilderness that is real estate for four long winters. A birthday gift in advance.
Having zero debt is indeed liberating.
Having $1M in investible assets while having no debt - even better.
By the Holy Gospel that is my FUMS, my short-term financial goal is to accumulate a 1.1M portfolio by January 2019. If things go according to plan, I should generate 75 - 80k in annual income from this portfolio. But you know what they say, everyone has a plan until they get punched in the face.
It is of course theoretically possible for one to stop working completely with a 6.5k per month passive income.
But because my retirement has to be both glorious and luxurious, I will slog a few more years. Build the buffer. Reap the dividends.
Onward to FI my brethren!
I am *almost* debt-free.
The buyer exercised her option to purchase my condo this morning. The expected end of the conveyancing period is three months from now or 4 September 2018. Ah, the day on which I should finally recover my long last funds, which have been trapped in the investment wilderness that is real estate for four long winters. A birthday gift in advance.
Having zero debt is indeed liberating.
Having $1M in investible assets while having no debt - even better.
By the Holy Gospel that is my FUMS, my short-term financial goal is to accumulate a 1.1M portfolio by January 2019. If things go according to plan, I should generate 75 - 80k in annual income from this portfolio. But you know what they say, everyone has a plan until they get punched in the face.
It is of course theoretically possible for one to stop working completely with a 6.5k per month passive income.
But because my retirement has to be both glorious and luxurious, I will slog a few more years. Build the buffer. Reap the dividends.
Onward to FI my brethren!
Comments
Post a Comment