Monday, January 9, 2017

December 2016 Income & Expenses





The amounts below are cash amounts and are net of taxes, insurance, 401k contributions, HSA, etc. In other words, the amounts are what get deposited and withdrawn from my accounts.

Day job (take home pay) --- $12079.84
Dividends/Interest ---  $757.09

Total net income --- $12836.93

Expenses --- $8338 (Taken from Mint)

Savings  $4498 --- Rate  35.05%


Well another month is in the books and December proved to be equally difficult from a business and expense standpoint. I did grind it out though!!

I have almost thrown in the towel with the runaway expenses. Knee surgery bills, physical therapy bills, and oh yeah.....Christmas stuff!!

Anyway I feel fortunate to make it through this year as the economy in Houston has been damn tough. But like my boss has told me over the years "live in hope and die in despair"

The economy will only get bet better as I get better.!!

I'm looking forward to a great 2017 and will work damn hard to make it happen. I have a neighbor who owned a business that he sold approximately one year ago. He is still relatively young (early 50s). Almost every morning as I drive to work, he can be found in his yard working on some sort of project. He takes care of his own yard, builds tree houses, fiddles around with old cars, etc.

He looks very happy and most definitely relaxed. I will be that guy in a few short years!




9 comments:

  1. I hope the knee is doing better. At the pace in which you're investing, I'm confident you'll be free in a few years. Keep it up.

    ReplyDelete
    Replies
    1. IH,

      I sure hope so. It won't be easy as you know, but I'm trying hard!

      MDP

      Delete
  2. 757 in dividends and interest is awesome. Keep it up

    ReplyDelete
  3. Whew, you're income is through the roof! You could retire in just a few short years if you continue at the rate you're going. Continue the course :)!

    ReplyDelete
    Replies
    1. DR,

      Well if I don't get my expenses under control, I have to stretch things out a bit. Life comes at us in all directions.

      MDP

      Delete
  4. Wow, that's a fat paycheck. In Belgium we work on average 6 months for that amount.
    Awesome boost for the portfolio of course :)

    ReplyDelete
    Replies
    1. WhenDoYouRetire,

      Thanks! It took many years and long hours to reach this level.

      MDP

      Delete
  5. Tough month , but still great to be in the green when its all said and done. Over $700 in dividend income aint too shabby either. I will still be including your income updates in my monthly dividend income tracker.

    ReplyDelete