Progress and plans

November 6, 2012



59 is just one less than 60 so not much of a drop. Remember also that it doesn’t mean that I am 1% closer to a million… that number is more qualitative than quantitative, until of course it reaches zero.  I have had a few good months after returning from the USA during May and June but also have been depreciating things (basically removing them from my financial software despite the fact that I still own them, one example being my physical gold (which exceeds $10K). Also, the price at which I carry condo number 2 is somewhat inflated but given the recent slide in the US dollar, that number isn’t as big as it once was.


In terms of work, I had my second-best month (overall) ever in October – everyone paid right on time and the right amounts too. All good. I have decided to go to Germany and Austria on vacation (as much as I get one) sometime this spring, and from there to the USA and then back to Asia. Fewer stops this time — so about 6 weeks overall.


The new condo is being furnished and the tenant in the old one is paying on time. Thus, I am coasting towards winter. The work comes in, and the work goes out. My new desk, office, and chair are posh compared to condo number 1, as everything is new and was purchased at a time of plenty vs. 2007, when I furnished my other place with far fewer resources.


I went from nearly broke, owning no property in 2007, to this position, where I own two valuable properties free and clear and can see clearly see the goal of 1m dollars. I did it in just over 5 years, during which there was a worldwide stock market crash and ongoing depression. I have been reflecting on the fact that I have been very lucky and was unaffected by the global turmoil, being tucked away in a hardworking but relatively less visited part of Asia running a service very much in demand with a very uncommon and, as it turns out, valuable skill set when applied just so. However, I also think there are other people out there in the world quietly saving their way to a million or more and looking forward in a few years to being free and living a good life in a safe and wealthy part of a developed country like the USA.


I noted in a previous post that I said I’d have the money ($420K or so) for a new condo in the USA by 2014 — that could have been 2013. Although I don’t anticipate buying in April of 2013 I should have the funds by then, all in cash, though some of it is tied up in my IRA and other long-term investments. After that time, I can start looking for a condo somewhere warm, safe, and affluent where someone like me can just blend in – an average Joe – and enjoy my freedom.