I’m updating my charts for my goal of financial independence.
Here is where I stood at the end of October 2014.
November was a healthy month for my financial avatar overall. My expenses were high because I scratched my friend’s car to the tune of A$600 (USD$510). Driving on the “wrong” side of the road was on my Australian bucket list, but having the steering wheel on the right side of the car messed with my spatial perception more than I realized and the guard rail caressed the door when I pulled over to let an ambulance pass. Another reason to have an emergency fund and another reason to despise cars.
Living in Australia, I have to pay Australian taxes. I consider taxes the admission price for living in a society and try not to whinge about them too much. Australia’s fiscal year ends June 30 of each year with a filing deadline of September 30, so I just received my Australian tax return this month. Here’s my chart with the income line thrown in.
I invested almost $22,000 in November and, with a happy market, my net worth increased more than $32,000, pushing that green line so pathetically slowly upward.
The two lines have not yet intersected, but I am fairly confident in my financial independence plan. I have enough saved where my projected passive income would have covered my expenses from 2011 and 2012.