Portfolio Overview

This page will detail the overall financial position of the Panda family and when we will be financially Free! It also shows where our money is currently invested and any returns.

Income vs Expenses

We have been tracking our expenses for the past 2 years and so far it is around $63,000 a year. But some of these expenses could be cut if we decided to stop working, eg: Little Panda OSHC (outside school care) fee, we can also sell one car, which means we should be able to save an extra $8000 a year by cutting these items.

Passive Rental Income
Investment Property – C1 (weekly rent)$440
Investment Property – C2 (weekly rent)$420
Investment Property – T1 (weekly rent)$260
Investment Property – T2 (weekly rent)$330
Total (Weekly Rent)$1450
Total (Yearly Rent)$75400
Total Yearly Investment Expenses-15000
Depreciation-18000
Taxable Income$42400
Tax payable-4000
Actual Yearly Income$56400

Projected FIRE Date – 1 March 2024

The graph above shows that we should be financially free by 1st of March 2024. It is important to note that we shouldn’t have to draw down on any savings or assets as passive income should be maintained.

DateActual
Outstanding Loan
Projected
Outstanding Loan
1/7/2017-941000-957000
1/8/2017-931397-945000
1/9/2017-910186-933000
1/10/2017-903561-921000
1/11/2017-894519-909000
1/12/2017-889000-897000
1/1/2018-876300-885000
1/2/2018-863213-873000
1/3/2018-861326-861000
1/4/2018-849419-849000
1/5/2018-841728-837000
1/6/2018-832470-825000
1/7/2018-823135-813000
1/8/2018-797535-801000
1/9/2018-771684-789000
1/10/2018-779795-777000
1/11/2018-772883-765000
1/12/2018-755,215.00-753000
1/1/2019-754,492.00-741000
1/2/2019-761,302.00-729000
1/3/2019-750,196.00-717000
1/4/2019-738,137.00-705000
1/5/2019-735,405.99-693000
1/6/2019-720,918.00-681000
1/7/2019-699,867.46-669000
1/8/2019-688,986.05-657000
1/9/2019-660,640.53-645000
1/10/2019-646008.15-633000
1/11/2019-632713.97-621000
1/12/2019-625462.7-620713.97
1/1/2020-633923.00-608713.97
1/2/2020-596713.97
1/3/2020-584713.97
1/4/2020-572713.97
1/5/2020-560713.97
1/6/2020-548713.97
1/7/2020-536713.97
1/8/2020-524713.97
1/9/2020-512713.97
1/10/2020-500713.97
1/11/2020-488713.97
1/12/2020-476713.97
01/01/2021-464713.97
01/02/2021-452713.97
01/03/2021-440713.97
01/04/2021-428713.97
01/05/2021-416713.97
01/06/2021-404713.97
01/07/2021-392713.97
01/08/2021-380713.97
01/09/2021-368713.97
01/10/2021-356713.97
01/11/2021-344713.97
01/12/2021-332713.97
01/01/2022-320713.97
01/02/2022-308713.97
01/03/2022-296713.97
01/04/2022-284713.97
01/05/2022-272713.97
01/06/2022-260713.97
01/07/2022-248713.97
01/08/2022-236713.97
01/09/2022-224713.97
01/10/2022-212713.97
01/11/2022-200713.97
01/12/2022-188713.97
01/01/2023-176713.97
01/02/2023-164713.97
01/03/2023-152713.97
01/04/2023-140713.97
01/05/2023-128713.97
01/06/2023-116713.97
01/07/2023-104713.97
01/08/2023-92713.97
01/09/2023-80713.97
01/10/2023-68713.97
01/11/2023-56713.97
01/12/2023-44713.97
01/01/2024-32713.97
01/02/2024-20713.97
01/03/2024-8713.97
01/04/20243286.03

Financial Asset Breakdown

Property – 68% : $2,200,000

Shares – 1% : $20,000

Cash – 22% : $720,000

Super – 9% : $300,000

Cash is sitting in offset accounts lowering interest payments on loans at an average of 4% per year.


Let’s build something together.


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