#coregoalone

[punaboutfire-blog]

home. -$181,126 saver. $2,000 Doesn’t seem like it improved enough since two weeks ago but I think that was due to paying some expensive bills. Should improve more quickly over the coming pay periods.

[punaboutfire-blog]

Thoughts on medium term strategy: the safest instrument for a good, guaranteed return on investment, with no tax payable, is in my home loan. Once LVR is less than 80% I can open an offset account. I’ll use this to store my emergency fund and other medium term savings (without the negative effects of using redraw).

[punaboutfire-blog]

Next chapter

Six month financial goals:

1.       home. -$175,000

2.       saver. $6,000

I am risk averse given the current climate. So some financial prudence first. Equal efforts to get home loan LVR to 80% and building my emergency fund til New Year’s Day 2020.

[punaboutfire-blog]

home. -$182,499 - valuation is at $210k. It’s going to be an IP so looking for at least an LVR of 80% means getting this down to at least -168k saver. $1,005 - long way to go to get to 12k but keeping it slim to eliminate personal loan personal loan. -$1,606 - almost there!

[punaboutfire-blog]

Core goal 🦄

After the three month financial goals are achieved all additional funds will go to achieving core goal one.

[punaboutfire-blog]

Three goals

My three core goals. One before the next EOFY, one in the next 5-10 years, one in the next 20 years.

1. Establish emergency fund (6 months expenses so $12k 🦄)

2. House deposit ($100k should cover what I am looking for 🏡)

3. Retirement fund (retiring early means not accessing Super, so a cool million will provide flexibility 😎)