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 feels like September flew by. We had some unusually warm weather where it was hotter than any day this summer. Needless to say we spent those days on the lake. While I expect to have a big real estate update by next month I don’t have much to report with the exception of some unexpected Airbnb income. We hosted a nice couple from New York for one night and then received a message from someone looking for a longer term place to stay. He is moving to our area for a job and wanted a temporary place to stay before relocating the rest of the family.
We talked it over and decided that we were willing to make it work, charging $550 per month for our room downstairs. He is committed to at least one month, but may stay longer – we’ll see. All of these extra earnings really add up. I continue to be amazed at the opportunities that come our way.
We’ve been increasingly thinking about what the next year will bring and Miss QCI has made several actions to better position herself for when she leaves her full time job. She loves working with both adults and children with special needs and she explored the potential of working some hours at a group home. While this is a great opportunity for the future she decided to hold off for now. Between working full time, babysitting, being a fitness instructor and already being committed to another family, she already has a lot on her plate. It’s safe to say that Miss QCI will be ready to take the leap when the time comes.
Apple picking was another highlight of the month (pictured). We purchased two half bushels for $56 and Miss QCI has been busy putting them to use (apple crisp, applesauce, muffins etc.)
Mr.QCI Net Worth
Cash: ~$31,000 (+$7,000)
P2P Lending: $14,748 (-$1,395) – 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: $63,911 (+$3,889)
Vanguard Rollover IRA: $81,961 (+$1,600)
Vanguard Roth: $36,432 (+$1,050)
Vanguard Taxable: $116,794 (+$2,244)
Individual Stocks/Other Investments: $2,234 (+$118)
HSA (amount invested only): $19,755 (+$1,107)
Total Investments: $335,835 (+$8,613)
Assets: $395,000 – This is the estimated value of my properties based on the purchase price and some appreciation our area has seen over the past few years and includes sweat equity. 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: $514,614 (+$15,560)
Miss QCI Net Worth
Cash: ~$6,000 (+$1,000)
401k: $91,100 (+$5,711)
Vanguard Roth IRA: $34,435 (+$768)
Rollover IRA: $4,527 (+$130)
Vanguard Taxable: $73,299 (+$2,048)
Total Investments: $203,361 (+$8,657)
Net Worth: $209,361 (+$9,657)
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): $539,196 (+$17,270)
Projected retirement income (assuming 4% rule): $21,567/year
Net Worth: $723,975 (+$25,217)