The Hoard: December 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 $122,460 (vs last month’s $113,606).  This is about 20.4% of our $600,000 goal.

Primary residence: The mortgage is $95,924  (vs last month’s $96,186), which means it’s about 2.12% paid off.

Another excellent month.  Like I mentioned previously, I had a side hustle come online in the last few months of the year and it’s been helping to boost our numbers in these last few months of 2015.

Seeing that we are more than 20% of the way to our investment goal is pretty staggering. We’ve done way better than I expected this year in terms of saving and investing.  I can’t wait to do a “year in review” type post to see how the year has gone in terms of the raw numbers.

I was sort of hoping that we would break the $125k mark, but the market took a dive the last few days.  No matter.  That just means our next purchase of the market will buy more 🙂

I also just want to remind everyone during the holidays that life is about way more than money.  This is your friendly reminder to put away the phone and computer and be present with your loved ones (friends family or both) this holiday season.

Happy Holidays!

How was your 2015?  Did you meet your savings goals? 

Expenses: November 2015
Expenses: December 2015

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Expenses: November 2015

Expense report!  Since I'm a total voyeur for finance, these types of details are exactly the kind that I love...