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.
Today was a great day! I checked in with my last set of tenants who had their lease expiring at the end of June and asked if they planned to sign on for another year. I only do 1 year leases (unless a tenant decides to break the lease) and I require 60 days notice from tenants so I know early whether they plan to stick around or if I need to begin advertising. To my surprise they said they would like to stay another year. So tomorrow Miss QCI will bring the amendment/extension to the lease tomorrow for the tenants to sign, replace a furnace filter and maybe try to convince them to automate their rent payments to me with Cozy. This is the first year where I have to deal with zero turnover which is a great feeling (and less work). It’s a fantastic way to kick off the summer and perhaps this will allow us to focus on nagging projects on our own home.
April was also a good month because I got to take a 1 week vacation. We went camping in the Badlands National Park in South Dakota. If you’re curious about that trip you can read our review of our campsite here. I’ll have a full trip expense report coming soon. Investments as you can see below continue to hum along and we are quickly approaching the $500,000 mark.
Mr.QCI Net Worth
Cash: ~$14,000 (+$5000) – I recently put my taxes on my credit card and also need cash reserves for recent work expenses I put on my personal credit card.
P2P Lending: $21,602 (-$1,308) – I am reducing my allocation to p2p which will be directed towards paying off my rental property, purchasing a new roof or investing in my taxable account.
401k: $52,030 (+$2,143)
Vanguard Rollover IRA: $77,847 (+$841)
Vanguard Roth: $34,086 (+$428)
Vanguard Taxable: $101,297 (+$4,727)
Individual Stocks/Other Investments: $2,083 (+$20)
HSA (amount invested only): $16,211 (+$838)
Total Investments: $305,156 (+$7,689)
Assets (Zillow estimated): $380,704 (+$5,197) – 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: $449,056 (+$17,886)
Miss QCI Net Worth
Cash: ~$3,000 (+$0)
401k: $74,244 (+$3,155)
Vanguard Roth IRA: $32,558 (+$663) – Miss QCI finished maxing out her Roth IRA for the year.
Rollover IRA: $4237 (+$53)
Vanguard Taxable: $67,464 (+$1,783)
Total Investments: $178,503 (+$5,654)
Net Worth: $181,503 (+$5,654)
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): $483,659 (+$13,343)
Projected retirement income (assuming 4% rule): $19,346
Net Worth: $630,559 (+$23,540)