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.
It was a big month, so let’s get right to it! Our investment goal for 2016 (for at least the time being) has been met!
Mr.QCI Net Worth
Cash: ~$10,000 (+$6000)
P2P Lending: $26,454 (+$226)
401k: $40,584 (+$3,126)
Vanguard Rollover IRA: $70,103 (+$2,729)
Vanguard Roth: $25,788 (+$1,174)
Vanguard Taxable: $79,481 (+$1,581)
Individual Stocks/Other Investments: $2,128 (+$20)
HSA (amount invested only): $12,326 (+$905)
Total Investments: $256,864 (+$8,701)
Assets (Zillow estimated): $370,259 (-$408) – 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): ~$254,321 (Updated: June 2016 – I plan to update this every 6 months or so, but I pay down about $6,000 of debt every year)
Net Worth: $382,802 (+$8,293)
Miss QCI Net Worth
401k: $56,177 (+$4,324)
Vanguard Roth IRA: $25,000 (+$637)
Rollover IRA: $3,886 (+$196)
Vanguard Taxable: $60,587 (+$5,570)
Total Investments: $145,650 (+$10,727)
Net Worth: $148,650 (+$7,727)
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): $402,514 (+$19,428)
Projected retirement income (assuming 4% rule): $16,100
Net Worth: $531,452 (+$16,020)