The beginning of each month I’ll give an update on where we stand on our path to early retirement. Though I keep a very detailed and geeky Excel spreadsheet that tracks all of our spending, I won’t bore you with that minutia. I will mainly just give an update on the investments, the mortgage, and notable transactions from the month. Since this is the very first month, the notable transactions are:
– We started a blog! This cost $203.25 for three years of hosting and domain registration. No income associated with it yet. 🙂 I will be transparent monthly with the monetization of this thing because very few bloggers are and I want to share that information with you (since you readers will be the ones making this happen). We also didn’t start this blog to be a money-maker (and we don’t expect to see much revenue). We saw success with people sharing their financial journeys and we want that community, support, and accountability as well. We want you to join us on our journey, share your story, or just enjoy ours.
Okay, so one notable transaction. I’ll be better about making this interesting, I promise.
Now, for the numbers: We’re starting our journey with $59,030 in investments (over 10% done with our goal of $500,00!) and $90,000 left on our mortgage (nuts! this takes us down to -$30,970 or -6% away from our goal of $500,00!).
Watch our handy-dandy progress trackers on the sidebar as we’ll update those with each of these monthly updates.