The Hoard: November 2015

The Dragon's Hoard

Every good dragon has a hoard.  You know.  The collection of gold, jewels, and other valuables that the dragon guards in his or her cave.  For me, The Hoard is what I call my assets.  The collection of stocks, bonds, and other income producing assets that Mrs. Dragon and I have collected thus far.

Mythological fire breathers have to protect their hoard from knights seeking glory, wizards wanting power, etc.  Real-world FIRE breathers have more mundane, but very real dangers to their own hoards: the tax man, the cable company, lifestyle inflation, high-fee brokers, and many more.

This is one post in a series that documents my progress towards financial independence.

You might recall that I don’t include our primary residence in the assets (it doesn’t produce income) and I don’t include our primary mortgage against the assets.  If we had a rental house, I would include it in both parts of the equation, but I’ll address the primary residence in a separate category.

I do not differentiate between tax-advantaged accounts and taxable ones in the number for The Hoard.  Assets are assets.

We use the excellent (and free!) service Personal Capital to keep track of how The Hoard is coming along.  It lets you view all your accounts on a single homepage for a convenient snapshot of your financial life.  It is a top-notch service.  Highly recommended.

Mrs. Dragon and I want $600,000 in liquid assets and a paid-off house to consider ourselves financially independent.

How are we currently doing?

The current market value of the hoard is $113,606 (vs last month’s $105,345).  This is about 18.9% of our $600,000 goal.

Primary residence: The mortgage is $96,186  (vs last month’s $96,447), which means it’s about 1.85% paid off.

Steady as she goes.

A couple of things came together to make the ~$8k jump this month. First of all, I got the extra money from teaching an overload this semester.  I wrote about how I was teaching a seminar class on personal finance in this post.

Second, I have a side hustle that came online recently.  It’s something I’ve been doing for a while, but it isn’t very regular.  However, it looks like I’ll earn a total of about $5k between October and the end of the year.  Score!

There’s really not much else to report here.  The markets have been quiet, so it’s just us socking money away.  I don’t want to count my chickens before they hatch, but it’s possible that we will break the $120k mark by the end of the year and that would be simply fantastic!

How was last month for you?  Are you on track to meet your savings goals for the year?

Expenses: October 2015

ExpensesExpense report!  Since I’m a total voyeur for finance, these types of details are exactly the kind that I love to read on other people’s blogs.

Don’t get me wrong though, these numbers are primarily written for me and Mrs. Dragon.  Every good FIRE breather knows that to be successful, you have to track your expenses. You have to track them like 007 tracks bad British dudes.

How else will you know when your Hoard is big enough?

Without further ado, here are the numbers for October (rounded to the nearest dollar):

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