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.
January was a great month. One of the things I love about this time of year is being able to slow down, spend time with friends and simply be at home. Most weekends we enjoy sitting in the living room by our fireplace (pictured above). On the investment front: Between contributions and investment gains our accounts grew $24,274. This was helped by me maxing out my Roth IRA for the year. Miss QCI also made some contributions to her Roth IRA but has still yet to max it out. We are well on our way to $500k in investments. In my next update it will have officially been a year since I began tracking our net worth publicly and I plan to look back at how far we’ve come. Given where we are at we’ve also been talking about what our future looks like and when we might be able to make some serious lifestyle changes.
Mr.QCI Net Worth
Cash: ~$4,000 (-$6000)
P2P Lending: $26,396 (+$70)
401k: $45,128 (+$2,167)
Vanguard Rollover IRA: $74,836 (+$984)
Vanguard Roth: $32,429 (+$6,033) – I maxed out my Roth IRA for the year.
Vanguard Taxable: $89,404 (+$7,637)
Individual Stocks/Other Investments: $2,169 (+$118)
HSA (amount invested only): $13,748 (+$817)
Total Investments: $284,110 (+$17,826)
Assets (Zillow estimated): $371,408 (-$645) – 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): ~$250,804 (Updated: January 2016 – I plan to update this every 6 months or so, but I pay down about $6,000 of debt every year)
Net Worth: $408,714 (+$11,181)
Miss QCI Net Worth
Cash: ~$2,000 (-$2,000)
401k: $62,108 (+$2,945)
Vanguard Roth IRA: $27,634 (+$2,174)
Rollover IRA: $4,032 (+$76)
Vanguard Taxable: $63,265 (+$1,253)
Total Investments: $157,039 (+$6,448)
Net Worth: $159,039 (+$4,448)
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): $441,149 (+$24,274)
Projected retirement income (assuming 4% rule): $17,645
Net Worth: $567,753 (+$15,629)