Project 1000: January 2020 – 387 Days to Freedom

Welcome to the latest Project 1000 update! This is where we share the progress of our 1000-day journey to freedom once a month. New readers: If you have not read our plan yet, I recommend you do so now and then come back here. 

Flamingo FI

Things are going well at the moment! In December our Flamingo FI nest egg grew from 71.4% to a whopping 74.7% of its target size.  We have a little over a year left before the end of Project 1000 and we are confident that we’ll reach our goal.

Shares: Mr. Flamingo received some employer shares in December. We sold them straight away and bought a parcel of VTS and a parcel of VAS instead. Our existing shares in Super did quite well last month, so overall we are pretty happy with our share portfolio.

Investment Property: The estimated market price of our IP went up a bit in December. We use the estimates available from different analytics websites/apps and take an average (we use the Commbank Property App,, ANZ Property Report,, and The average this method gives us seems to be pretty close to the prices achieved in recent sales of similar properties in the area.

Cash: We only added a few hundred dollars cash to the nest egg last month as we had to put some money aside for income taxes on the shares Mr. Flamingo received.

Asset Allocation

This is what our current asset allocation looks like:

And here is our current split between assets inside and outside Super:


Thanks for reading! See you back here for next month’s update!


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6 thoughts on “Project 1000: January 2020 – 387 Days to Freedom”

    • Thanks Frugal Samurai! To be honest we have not really started thinking about what we’ll do afterwards. We always talk about how we’ll do this and that one day when we can finally semi-retire, but I don’t think it has properly sunk in that one day is next year! Now that we have a little one there are lots more things to consider. At this stage it looks like we might just go part-time for a few months while we figure out what we want to do next.

      • That’s fair, I think the most important thing is to keep busy (the little one surely will do) in retirement/semi-retirement, otherwise you’d just get bored. Exciting stuff! Here’s to you guys having a great 2020!

        • I couldn’t agree more, keeping busy is really important. At the moment we seem to run around like headless chickens most of the time with so many competing commitments (work, hobbies, family…), so I’m sure boredom won’t be a problem, especially because we won’t stop working completely anyway.

          Hope you have a great 2020 too! 🙂


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