The Hoard: May 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 from last time, I do not include our primary residence in the assets (it doesn’t produce income) and I do not 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 $55,505.92.  This is about 9.25% of our $600,000 goal.

Primary residence: As you know, we bought a house in March.  I’m not really concerned with keeping up with its market value.  Rather, since our goal is to have a paid off residence to go with our liquid assets, I’m just going to list the mortgage amount. As of right now, the mortgage is $97,743.15, which means it’s about 0.03% paid off.

Over 50k, baby!!! Woooooo! That’s freaking exciting.  Also, since we bought a house, we are much closer to, ya know, owning a paid-off house. Good progress on both fronts.

The increase in worth is mostly due to fresh capital being added.  I expect that to be the case for quite a while.

I was originally planning on doing these updates quarterly (the last one was in February), but now I’m leaning more towards monthly.  Basically just to give myself an excuse to look at the numbers. I can’t help myself!

They say that the first $50,000 is the hardest.  Here’s hoping that they’re right.

It’s possible that over the next few months The Hoard might get supercharged.  Mrs. Dragon and I have an upcoming opportunity to make some extra cash in July and August, so stay tuned for more info about that.

Do you think we are on track for FIRE by February 2025?  How is your own progress coming?

Expenses: April 2015
The Travel Hacking Experiment: Part II

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Expenses: April 2015

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