Month 3 Update: Beach House Fund – How To Start Investing And Make Your First $100K!
November 2023 Total
Table Of Contents
Introduction
My Goals
Progress Update
Details
Introduction
Welcome to the 3rd Monthly update of the Beach House Project!! Where I walk you thru starting with ZERO to making your first $100K
They say making your first $100K is the hardest and once you’ve done it you’re 1/3 the way to a million because the compounding effect of just getting started is huge!!
My Goals
it’s always good to be specific when you set out on a new project or journey so you know what success looks like, so lets refresh ourselves on what my goals are here.
Buy a beach house or have enough invested I can rent a beach house whenever I want anywhere I want without thinking about money
Specific Goals (The How):
$100,000
5 years (by end of 2028)
Monthly Updates for accountability
Show others how to start from $0 and become financially independent
What I want to do is encourage anyone who has $0 to get started, and make a life changing amount of money
Progress Update
This month we made some meaningful contributions! and the markets had a fantastic rally thru November!
But you’ll notice in the charts, while the markets certainly helped us the biggest gains were seen by our actual cold hard cash we contributed. This just goes to show how much of the first $100K is a hard carry by you! After $100K it gets a bit easier but that first chunk it going to be a bit of a grind.
November Contributions:
$200.00 Regular Income
$20 X Revenue
$43 Credit Card Points
$265 Total
For my hard core dividend investors out there, dividend this month were $0.65 which isn’t much but not too bad considering the size of this account.
Todate we are up $38.50 which is a couple hours worth of work! So Sweet!
That’s pretty much it for this month! as we we get further along into this project the updates will be more interesting as we compare the portfolio performance to other options and total gains in comparison to my contributions. but for now, I’m going to be doing a hard carry with contributions because with a dividend yield of $0.55/month we aren’t going to get very far very quickly. This is why I say not getting wipped out is more important than your rate of return, because when y our starting out it is far more important to preserve your principle contributions than it is to double or even 10X your returns ($5.55/month still isn’t going to get us a beach house!)
Total progress todate!
The Details
In my original post for this project I outline the strategy behind my allocations, you can use whatever you’re comfortable with. Personally I feel safest with a well diversified index portfolio. I talk about what risks I’m trying to manage in My Simple 3 Fund Strategy article. Do your own research everyone’s life situation and finances are different. I’m a slow and steady kind of guy when it comes to investing but I also have healthy emergency fund reserves so I can tolerate some volatility.
As a quick reminder here are my target allocations.
70% $VOO SP500 Fund (S&P500 fund)
10% $SPHD (SP500 High Dividend Fund)
10% $JEPI (JPMorgan Equity Premium
10% $VXUS Total International Fund
That’s it for this update! it’s only been one full month but I’m happy to see progress! Invite you to follow along on my journey so we can encourage each other! below are my socials, and a link to my newsletter! Catch you next time!
