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.
Last month I reported that we were beginning the search for our next (and likely final) rental property. You can see in my net worth update below my increasing cash position for the down payment. We’ve looked at many different properties and just haven’t found the right fit yet. I’ll likely provide a full update when we find it. Even though it will be the fourth property I’ve purchased I’m still continuing to learn which has helped focus the search.
Tomorrow I turn 29. Since discovering Mr. Money Mustache several years ago my goal has always been to become financially independent around the same time he did. The next year is the final push and I expect many changes by this time next year. It’s hard to be patient as we see the goal on the horizon and having a milestone like a birthday doesn’t help. I’m also anxious to find our next rental property and I’ve been consumed by finding the perfect property. I’ve even lost sleep over it. This weekend I attempted to keep my mind off the search and enjoyed some time celebrating my birthday.
Hanging out with the ‘kids’.
Mountain biking. Sadly this is the first time we’ve been out this year. Mountain biking is something I hope to do much more once I scale back work. We both had a great time and I was reminded how much fun it is.
Homemade ice cream cake! Miss QCI tried this for the first time earlier this year and the results were so fantastic I requested it for my birthday. Not only is it cheaper than DQ ice cream cakes, but you can choose exactly which ice cream and center filling you want. This one had cookies & cream and vanilla ice cream, a carmel and Girl Scout Samoas/Carmel deLites (off-brand, courtesy of Aldi) center, and a fudge splatter top with sprinkles courtesy of my nephews. A springform pan is the only special tool required.
Mr.QCI Net Worth
Cash: ~$24,000 (+$4,000)
P2P Lending: $16,143 (-$1,173) – 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: $60,022 (+$1,449)
Vanguard Rollover IRA: $80,361 (+$140)
Vanguard Roth: $35,382 (+$57)
Vanguard Taxable: $114,550 (+$649)
Individual Stocks/Other Investments: $2,116 (+$155)
HSA (amount invested only): $18,648 (+$408)
Total Investments: $327,222 (+$1,685)
Assets (Zillow estimated): $395,053 (+$321) – 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: $499,054 (+$6,006)
Miss QCI Net Worth
Cash: ~$5,000 (+$0)
401k: $85,389 (+$2,155)
Vanguard Roth IRA: $33,667 (+$88)
Rollover IRA: $4,397 (+$7)
Vanguard Taxable: $71,251 (+$142)
Total Investments: $194,704 (+$2,392)
Net Worth: $199,704 (+$2,392)
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): $521,926 (+$4,077)
Projected retirement income (assuming 4% rule): $20,877/year
Net Worth: $698,758 (+$8,398)