The $1,000 Project has finished! I have just invested my final $1,000. Which means that I managed to save and then invest a total of $32,000 over the last 12 months through saving money, working extra hours, selling things and thinking outside the box when it comes to generating and attracting money in my life.
With the last $1,000, I purchased some more of the Vanguard US Index ETF, with the estimated passive income on a $1,000 investment, 3%, so $30 p.a. This means that the SugarMamma portfolio is now making a passive income of $1,700 p.a. So my goal was to have the passive income at $2,000 p.a. over the 12 month period, starting from $0. This means that I have achieved 85% of my goal. I am pretty proud to be honest!
I have decided not to use this passive income to buy a handbag but do something more beneficial for the world. Make sure that you watch my video on my YouTube channel to find out my exciting plan!
Canna Campbell is the founder and director of SASS Financial Services, a boutique financial planning firm. She is Channel 9’s exclusive ‘money expert’, founder of financial media platform SugarMamma.TV and best selling author of The $1000 Project and Mindful Money.