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. 2016 has been an interesting year so far, but the market continued to cooperate in March. Although I am posting this on April Fools’ Day, this post is no joke. Investments continue to rise and bi-weekly contributions continue to pour in. While we crossed the 300k mark last month, things really went crazy in March as you will see below. Note: if you’re just joining us you can view my most recent net worth update here.
The big news: The first quarter is officially over, which means we only have 3 left to cross the $400,000 in investments!
The format of these updates will develop over time, but here is a snapshot of my net worth as of April 1, 2016
Mr.QCI Net Worth
P2P Lending: $22,897 (+$99)
401k: $24,024 (+1633)
Vanguard Rollover IRA: $66,696 (+$2140)
Vanguard Roth: $23,650 (+$724)
Vanguard Taxable: $58,060 (+$4131)
Individual Stocks/Other Investments: $2863 (-$123)
HSA (amount invested only): $7,468 (+$761)
Total Investments: $205,658 (+9365)
Status quo as far as contributions for this month. Contributions were made to my taxable account as soon as I got paid.
Assets (Zillow estimated): $395,452 (+$8327)
Liabilities (3 Mortgages): -$256ish (I plan to update this every 6 months or so, but I pay down about $6,000 of debt every year)
Net Worth: 349,110 (+$18,321)
I don’t necessarily trust Zillow estimates, but this is what I am reporting for now. On the plus side the house two doors down sold for a whopping $289,000! I don’t expect my home is worth anywhere near that, but glad to see some houses selling on the block. I continue to make minimum payments on all of my mortgages. You can see my real estate holdings here.
Miss QCI Net Worth
401k: $36,352 (+$3134)
Vanguard Roth IRA: $22,965 (+1703)
Rollover IRA: $3547 (+$108)
Vanguard Taxable: $49,490 (+$1515)
Total Investments: $112,354 (+6460)
Net Worth: $115,354 (+$6660)
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 – amazing! Miss QCI got a small tax return and bonus in March which helped her boost investment contributions for the month.
Investments (what really matters): $318,012 (+$15,825)
Projected retirement income (assuming 4% rule): $12,720.48
Net Worth: $464,464 (+24,981)
Wow! An increase of over $15,000 in March with market gains and contributions. This would have completely gone un-noticed if it wasn’t for this blog. This represents almost a $40k swing from when I calculated my investments at the end of 2015. Market gains and contributions still need to make up around $27k for the next 3 quarters if we are to reach our goal of 400k of investments by the end of 2016. Stay tuned.