I will be documenting our Networth each quarter so that it gives a snapshot of where we are at.
It gives me focus and the courage to keep moving along this journey!
All my numbers will have Superannuation and PPOR (principal place of residence) included in the calculations. I strongly believe that our retirement funds (superannuation), whether only from employer contributions or with our own salary sacrifices, are so important for the big picture Networth calculations. These numbers, as well as our home (PPOR) will be included, because we may at some point in our journey, decide to use our PPOR as part of our assets and sell up. Anything is possible so I am keeping a very open mind.
Below are our numbers, as at end of September 2020.
I have published a really big 'stretch' number for our goal to retire. I am putting it out into the universe and even if we don't make that stretch goal, anything close to it will still be awesome.
"Set stretch goals. Don't ever settle for mediocrity. The key to stretch is to reach for more than you think is possible. Don't sell yourself short by thinking that you'll fail." - Jake Welch
Below is a summary with our progress to FIRE (Financially Independent, Retire Early - perhaps not that early 😊 we will be 60 when we retire!)
Further breaking down our assets and liabilities below.
More information in the coming weeks, as we review particular areas and updating strategies for the next 8-10 years.
Looking forward to documenting this and keeping myself accountable along this journey.