One of the main purposes of this blog is for me to track my progress to financial independence which I am well on my way to achieving. Each month I share the details of all investment accounts and the changes from the previous month.
Note: if you’re just joining us you can view my most recent net worth update here.
June was a great kick off to the summer season. Lake time is in full force and we even made a road trip to Stachetown USA (or is it ‘Stashtown?), aka Longmont, Colorado, home of Mr. Money Mustache. We were moving some relatives and got to spend some time with friends in both Denver and Longmont. What a fantastic place it is to live despite the high cost of homes. Other highlights included strawberry picking, putting in the garden, receiving my official Mr. Money Mustache t-shirt (pictured!), working on bikes, enjoying some meals made by Miss QCI, lots and lots of water skiing and potentially figuring out a better way to purchase a dehumidifier. On the net worth front our accounts only grew slightly. I did however update our housing debt which is now below $250k.
Mr.QCI Net Worth
Cash: ~$17,500 (-$500)
P2P Lending: $18,751 (-$1,473) – I am reducing my allocation to p2p which will be directed towards paying off my rental property, buying a new rental property, purchasing a new roof, or investing in my taxable account.
401k: $55,964 (+$1,311)
Vanguard Rollover IRA: $78,993 (-$169)
Vanguard Roth: $34,678 (-$132)
Vanguard Taxable: $110,314 (+$1,433)
Individual Stocks/Other Investments: $1,952 (-$73)
HSA (amount invested only): $17,540 (+$290)
Total Investments: $318,192 (+$1,187)
Assets (Zillow estimated): $386,802 (+$3,735) – I don’t necessarily trust Zillow estimates, but this is what I am reporting for now. I continue to make minimum payments on all of my mortgages. You can see my real estate holdings here.
Liabilities (3 Mortgages): $247,221 (-$3,583) (Updated: July 2017 – I plan to update this every 6 months or so, but I pay down about $6,000 of debt every year)
Net Worth: $475,273 (+$8,005)
Miss QCI Net Worth
401k: $79,642 (+$1,684)
Vanguard Roth IRA: $33,064 (-$118)
Rollover IRA: $4,310 (-$17)
Vanguard Taxable: $69,724 (-$293)
Total Investments: $186,740 (+$1,256)
Net Worth: $190,740 (+$1,256)
Miss QCI, my wonderful significant other continues to crush it as well. She puts 50% of her income into 401k (the max allowed by the company) and still has room to invest in a taxable account. The company she works for now offers after tax contributions which will allow her to roll over those after tax contributions into a Roth IRA once she leaves the company. I learned about this from the MadFientist who has been a great resource over the years.
Investments (what really matters): $504,932 (+$2,443)
Projected retirement income (assuming 4% rule): $20,197/year
Net Worth: $666,013 (+$9,261)