Monday, July 8, 2019

June 2019 Passive Income




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


Taxable Account

  • ABALX --- $660.60
  • Amegy CD --- $340.90
  • SO --- $64.06
  • F --- $52.50
  • XOM --- $52.48
  • IBM --- $41.03
  • KHC --- $36.26
  • LB --- $30.54

Retirement Account

  • 65/35 S&P 500/Bonds --- $1217.95

Total June 2019 passive income is $2,496.32

Not much to say other than everything is progressing nicely and early retirement is going well. I try to do new things each day and continue to collect memorable experiences. So far so good. I honestly haven't paid much attention to stock values or dividend yields. 

Spreadsheets, valuations, and spending hours researching stocks isn't what life is about. Exploring, hiking, swimming, yoga, wine tasting, and relationships are what I focus on now. 



DEFY MEDIOCRITY

Tuesday, July 2, 2019

June 2019 Net Worth




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

We're at the mid point of 2019 and this has been an exceptional year so far. The S&P continues its strong march forward posting a 6.89% gain in June and a 17% YTD gain!

As of this post, my net worth is sitting on a $30,000 YTD gain. I still am continued to be amazed that I am literally earning no "day job" income and yet I am adding $6,000 a month to my portfolio even after withdrawing money to live on each month.

I am also slightly ahead in my YOY net worth.

I experienced a nice $14,000 gain during June. What makes this even more impressive is that I wrote down my Wrangler $2,000 and sold my house. Apparently my house estimate was a tad high as I netted about $6,000 less than the "paper value".

Speaking of my house, I am now officially homeless. I sold my house and moved in with my longtime girlfriend. Team Consolidate is how we refer to ourselves.

I invested most of the proceeds in a 2 year 2.5% CD. This should provide an additional $250.00 a month in income. I was fortunate in my timing, because the current 2 year rate has dropped back down to 2%. There may be an interest rate reduction by the Fed in the near future as well.

Anyway retirement life continues to exceed all expectations and all is well.


Assets

Checking --- $5336
Savings/Investments --- $479,764
Lending Club --- $1,047
HSA --- $2,101
IRA --- $10,295
401K --- $381,662
2014 Jeep Wrangler --- $17,500
House --- $0 (Sold it last month --- officially homeless)

Liabilities

$3,401

Net Worth

$894,504


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

May 31, 2019 --- $880,455
June 30, 2019 --- $894,816


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, June 25, 2019

May 2019 Passive Income







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


Taxable Account

  • Amegy CD --- $329.88
  • T --- $231.54
  • OHI --- $137.94
  • GIS --- $49.00
  • HCP --- $38.97
  • PG --- $26.11

Retirement Account

  • VBMFX --- $230.55

Total May 2019 passive income is $1,043.99

Most of my income came from a CD, T, and OHI. I love it when I reach 4 digits in passive monthly income. Early retirement continues to exceed all expectations and life is fantastic!

My CD income will increase quite a bit starting next month as I sold my house and put some of the proceeds to work with a 2.25% 2 year CD. Considering the 10 year note is now hovering around 2%, I feel pretty fortunate to lock in this rate. Over the past year I have taking steps to increase my passive income in my taxable account from virtually zero to around a $1,000 a month. The ratio starting next month will be about 50/50 dividends and interest payments.

The picture is a random Thursday morning while staying at the Tremont Hotel in Galveston with my girlfriend. I love relaxing stress free mornings while I slowly sip coffee and create memories.


DEFY MEDIOCRITY

Saturday, June 1, 2019

May 2019 Net Worth




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

Well the market had a very volatile month in May and the S&P 500 dropped by 6.6%. Obviously this caused my net worth to fall quite a bit....almost $24,000. Since I don't have a huge exposure to the markets, my loss was offset by bonds and a large cash position.  My net worth Beta is roughly .3 in relation to the S&P 500 which helps me sleep at night!  If we enter a secondary bear market like in December, I'll probably add $15,000 to $25,000 in some core positions. MMM, UPS, CAH, XOM, and MO are starting to look attractive. ABBV and LYB yields are also approaching 6%!

I am also in the process of selling my house so that could shake up my net worth in the coming months. While I would like to think I am fairly conservative in my estimate, expenses such as moving, home repairs, and agent fees could cause a $5,000-$10,000 swing. No big deal. We all go through this and I have not moved in almost 23 years.

Here is the May 31, 2019 net worth breakdown.


Assets

Checking --- $917
Savings/Investments --- $351,086
Lending Club --- $1,047
HSA --- $2,100
IRA --- $8,883
401K --- $363,905
2014 Jeep Wrangler --- $19,500
House --- $135,000

Liabilities

$1,983

Net Worth

$880,455


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

May 31, 2019 --- $880,455


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, 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 April 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


Thursday, February 7, 2019

January 2019 Passive Income




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


Taxable Account

  • Amegy CD --- $340.89
  • TUP --- $136.00
  • PM --- $102.00
  • MO --- $88.00
  • CAH --- $47.63
  • KMB --- $20.00
  • GE --- $1.01

Retirement Account

  • VBMFX --- $237.14

Total January 2019 passive income is $973.27


Pretty decent way to start off the year. I should be pretty close to $1000 in February as well.

The weather has been in the upper 70s this week in Houston so I decided to start working on my raised vegetable garden. Lettuce, onions, bell peppers, broccoli, cabbage, a few other various veggies, and even a watermelon!

DEFY MEDIOCRITY




Friday, February 1, 2019

January 2019 Net Worth


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

After experiencing a brutal 9.2% S&P decline in December, the markets bounced back big time climbing 7.9% in January! This is the best January since 1987!!

The market definitely helped my portfolio in a major way. My net worth gained just under $23,000. When you are retired and have no traditional employment income it's nice to see these types of months. 

While I had my lowest spend month in December, my property taxes and yearly auto insurance were due in January making it my most expensive month since I retired. Also January is the first month since August that I didn't receive some sort or credit card rebate. I have been averaging about $400 a month since September.  I could receive about $1,000 in rebates in February depending on payouts.

I lowered my Jeep value $2,000 from 21,500 to $19,500. I'll probably drop it down to $17,500 around the middle of the year. My home dropped about $1500 as well.

After goofing off during my first six months of retirement, I've been more focused on building up my dividend portfolio, CD income, and credit card churning. I came real close to receiving $1,000 in passive income from taxable and retirement accounts in January. I don't consider credit card bonus points income. I account for them as expense reduction. It really doesn't matter, net worth is net worth. 

Anyway, here are January's numbers.


Assets

Checking --- $1944
Savings/Investments --- $359,979
Lending Club --- $2,182
HSA --- $2,644
IRA --- $9,719
401K --- $354,134
2014 Jeep Wrangler --- $19,500
House --- $142,466

Liabilities

$4954

Net Worth

$887,560


YTD Totals

2019

Jan 2019 --- $887,560



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