Saturday, May 18, 2019

April 2019 Passive Income




Here is the passive income I received from both taxable and retirement accounts.


Taxable Account

  • Amegy CD --- $340.89
  • PM --- $136.84
  • TUP --- $108.00
  • MO --- $88.00
  • CAH --- $47.63
  • KMB --- $20.60
  • GE --- $1.01

Retirement Account

  • VBMFX --- $246.22

Total January 2019 passive income is $989.18

April was another wonderful income month and I was just shy of $1,000. I haven't added to my portfolio much since the big drop way back in December. I fell like I should add another company or two just for diversification. I have been watching MMM recently and may jump back in soon.

Retirement life continues to exceed my expectations and I have been enjoying a lot of time hanging out by the pool catching some Vitamin D!

DEFY MEDIOCRITY

Saturday, May 11, 2019

April 2019 Net Worth


All figures except my Jeep value are generated from Mint.com.

April was another fantastic month on the net worth side. Despite my home value estimate dropping by $5,000, my overall net worth increased around $4,000.

April also marks my first year over year net worth increase since I retired. My net worth over the past year actually is almost $1,000 higher than a year ago. I am also within $5,000 of eclipsing my Day 1 Retirement net worth.

I have had the time of my life during the past 14 months and have virtually the amount of money as I did when I stopped receiving a paycheck. That is still difficult for me to comprehend, but I'll take it!

Here is my March 31, 2019 net worth breakdown.
Assets

Checking --- $1,241
Savings/Investments --- $360,455
Lending Club --- $1,339
HSA --- $2,100
IRA --- $10,227
401K --- $377,483
2014 Jeep Wrangler --- $19,500
House --- $135,000

Liabilities

$3,155

Net Worth

$904,190


YTD Totals

2019      

 ***Jan 1,2019 --- 864,816***

Jan 31, 2019 --- $887,560
Feb 28. 2019 --- $895,998

Mar 31, 2019 --- $899,902

Apr 30, 2019 --- $904,190


2018

Jan 2018 --- $917,116
Feb 2018 --- $910,667

Mar 2018 --- $909,746
Apr 2018 --- $903,416

May 2018 --- $889,032
Jun 2018 --- $893,278

Jul 2018 --- $892,002
Aug 2018 --- $896,619

Sep 2018 --- $899,763
Oct 2018 --- $876,927

Nov 2018 --- $891,402
Dec 2018 --- $864,613


2017

May 2017 --- $835,009
July 2017 --- $851,904 


Aug 2017 --- $860,072
Sept 2017 --- $869,374

Oct 2017 --- $887,033
Nov 2017 --- $897,145

Dec 2017 --- $914,266


There is no down time when building a path that doesn't lead back to ZERO

Monday, April 1, 2019

March 2019 Net Worth


All figures except my Jeep value are generated from Mint.com. 

I couldn't ask for a better start in my second year of FI. My net worth has increased about $35,000 since the beginning of 2019 even after subtracting all my living expenses. Obviously this trend won't continue indefinitely, but it is nice to see nonetheless.

It's also nice to note that my net worth has decreased by less than $10,000 during my first 13 months of FI. That's roughly $731 per month since I stopped receiving a W2 paycheck.

As I have noted before I have really increased my passive income during the last six months via dividends and CD interest. As of last September I was tracking for about $350 a month in passive income in my taxable account and now I am tracking about $850 a month from dividends and CD interest.

I also have earned an additional $3,000 in credit card and bank bonuses during the last six months.

I just opened two new credit cards and should be able to earn around $550 from these two doing nothing more than using them to pay my regular monthly expenses.

Six months ago I never dreamed that I could make $300-400 a month from credit card side hustling.

Here is my March 31, 2019 net worth breakdown.

Assets

Checking --- $1,403
Savings/Investments --- $359,757
Lending Club --- $1,463
HSA --- $2,570
IRA --- $10,051
401K --- $367,578
2014 Jeep Wrangler --- $19,500
House --- $139,827

Liabilities

$2,243

Net Worth

$899,902


YTD Totals

2019      

 ***Jan 1,2019 --- 864,816***

Jan 31, 2019 --- $887,560
Feb 28. 2019 --- $895,998

Mar 31, 2019 --- $899,902



2018

Jan 2018 --- $917,116
Feb 2018 --- $910,667

Mar 2018 --- $909,746
Apr 2018 --- $903,416

May 2018 --- $889,032
Jun 2018 --- $893,278

Jul 2018 --- $892,002
Aug 2018 --- $896,619

Sep 2018 --- $899,763
Oct 2018 --- $876,927

Nov 2018 --- $891,402
Dec 2018 --- $864,613


2017

May 2017 --- $835,009
July 2017 --- $851,904 


Aug 2017 --- $860,072
Sept 2017 --- $869,374

Oct 2017 --- $887,033
Nov 2017 --- $897,145

Dec 2017 --- $914,266



There is no down time when building a path that doesn't lead back to ZERO

Saturday, March 30, 2019

March 2019 Passive Income






Here is the passive income I received from both taxable and retirement accounts.


Taxable Account


  • ABALX --- $354.78
  • Amegy CD --- $307.86
  • SO --- $61.99
  • F --- $52.50
  • XOM --- $49.46
  • IBM --- $39.75
  • KHC --- $36.26
  • LB --- $30.54


Retirement Account

  • VFIAX --- 1301.94
  • VBMFX ---204.12


Total March 2019 passive income from all accounts is $2439.20.


Definitely nothing wrong with this month! My CD income was lower due to February being a short month, but no big deal.

As a side note I received a $400 bank bonus from Amegy and 80,000 travel points (redeemable against $800 in travel expenses) from Barclays. Technically not true passive income, but the $400 is a real deposit in my checking account and my girlfriend and I now have two round trip Cali trips covered so I'm definitely excited about that!

Also had a great time visiting with Grant Sabatier from Millennial Money as he swung through Houston earlier this month on his book tour! A lot of the ChooseFI Houston members were in attendance and great ideas were flowing. 


DEFY MEDIOCRITY

Monday, March 11, 2019

February 2019 Passive Income





Here is the passive income I received from both taxable and retirement accounts.


Taxable Account

  • Amegy CD --- $340.88
  • T --- $231.54
  • OHI --- $137.94
  • GIS --- $49.00
  • HCP --- $38.97
  • PG --- $25.10

Retirement Account

  • VBMFX --- $228.67

Total February 2019 passive income is $1052.10


Another solid income month and I continue to love the balance of interest and dividends. March should be off the charts and can't wait to see the results.

I also am starting to receive some dividends from my cinder block garden!!


DEFY MEDIOCRITY

Wednesday, February 27, 2019

FIRE 1 Year Anniversary Net Worth


All figures except my Jeep value are generated from Mint.com. 

Tomorrow marks my ONE YEAR FIRE ANNIVERSARY and so far so good!

Unless something super crazy happens tomorrow, I will have logged another strong gain in my net worth. 

When I became FI a year ago my net worth was approximately $910k and it is currently around $896k which means I've lost around $14k since I left the work force. I certainly don't like the idea of losing any ground, but considering the S&P 500 has only gained a hair over 3% during the trailing 12 months I'm happy. 

My back of the cocktail napkin math is that if the S&P 500 gains 7% per year I will have a static net worth and that is staying pretty true to form. I spent around $33k in cash yet my net worth only fell $14k.
It's also interesting to note that on Christmas eve (the most recent bear market bottom) my net worth was $848K or 6.9% off my beginning FIRE net worth amount. 

December also marked the time when I finally came out of hibernation and put in place a $350/month CD income ladder and made a few strong dividend investment moves. I have also received roughly $2400 in credit card bonuses since late last year. My earned income during the last 365 days is ZERO.

Regardless of market dynamics, I feel like I am in a much stronger financial position going into Year 2.

Here is my February 2019 snapshot.

Assets

Checking --- $6336
Savings/Investments --- $357,757
Lending Club --- $1,824
HSA --- $2,570
IRA --- $9,923
401K --- $362,217
2014 Jeep Wrangler --- $19,500
House --- $140,669

Liabilities

$4798

Net Worth

$895,998


YTD Totals

2019

Jan 2019 --- $887,560
Feb 2019 --- $895,998


2018

Jan 2018 --- $917,116
Feb 2018 --- $910,667

Mar 2018 --- $909,746
Apr 2018 --- $903,416

May 2018 --- $889,032
Jun 2018 --- $893,278

Jul 2018 --- $892,002
Aug 2018 --- $896,619

Sep 2018 --- $899,763
Oct 2018 --- $876,927

Nov 2018 --- $891,402
Dec 2018 --- $864,613


2017

May 2017 --- $835,009
July 2017 --- $851,904 


Aug 2017 --- $860,072
Sept 2017 --- $869,374

Oct 2017 --- $887,033
Nov 2017 --- $897,145

Dec 2017 --- $914,266



There is no down time when building a path that doesn't lead back to ZERO

Tuesday, February 19, 2019

ChooseFI Houston





About six months ago as I my girlfriend was booking ticket for our second trip to Sacramento I thought "Damn these ticket prices are obscene!" As everyone knows there are many ways of reducing flight costs including "redeye", long layovers, discount airlines, etc. I personally hate the idea of air travel so I want to get the trip over and done with ASAP. A few extra bucks for direct flights or short layovers is fine with me!

I still decided it would be worth the effort to try and find some way to reduce the expenses as we plan on making several trips each year as her parents live near Sacramento.

Eventually I stumbled upon the Choose FI podcast and discovered the world of travel hacking. Just for background info, I have been burdened with serious credit card debt in the past and for the past fifteen years or so I have avoided it altogether.

I have had a Chase card for about 25 years and use it monthly. I typically receive around $20 in statement credits each month and really never thought much about it.

Once I started listening to the podcast I was shocked at how many stories there were about people receiving thousands of dollars worth of flights and hotels via there credit card bonus points. I always thought that the only way to receive enough points to make it worth while is to have a business that charges $10k a month for expenses.

As I soon learned many cards offer the equivalent of $1000 in travel bonus points for simply spending $3-5k over a 90 period. Spending that much over 3 months is beyond easy if you put expense you have on the card.

I have literally already received $3150 which if used for travel is actually worth close to $4500-$5000 since last September.

It takes some juggling and some spreadsheet tracking, but it is definitely worth the effort especially if you are have already left the rat race.  If you have a high paying job, especially one that limits your travel, it's probably not worth the effort to switch cards every couple of months.

Anyway the Choose FI group has formed several subgroups across the country (maybe even the world) and I stumbled upon the ChooseFI Houston branch late last year. It has only been in existed for around two years, but has recently experienced a lot of growth.

I went to a meetup late last year to learn more about travel hacking and to my surprise about twenty other people showed up as well.  I went to what I thought would be an info gathering session and it turns out that there are a lot of well informed, committed, enthusiastic people who are working hard at creating intentional lives.

I was pleasantly surprised at the quality and diversity of the people at that meetup.  I have been to several more since that initial meeting at one of the member's homes.

Some of the venues have included a beer garden that had hundreds of board games, Thirsty Thurday meetups at beer gardens which are more of a social fraternal gathering. About 25 members came to a Houston public library which featured an informative round table discussion.

Other future events include a hike, a meetup with Millennial Money author/blogger/podcaster Grant Sabatier.  There are a few other upcoming meetups as well and they take place throughout the city which is awesome!

I should also note that I haven't really run into any DGI members. Most are index investors which is cool because as we all know there are many viable paths to FI.

During the past many years while still on the hamster wheel I could have talked with a 1000 people and maybe found a handful with the FIRE mindset. Plus it would have taken time to establish enough trust and rapport to flesh it out. Honestly other than blogs and now the ChooseFI group I don't personally know anyone in "real life" who thinks what we do is normal.

I'm looking forward to more meetups and maybe some of you are members of the community as well!

DEFY MEDIOCRITY