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.
No fancy tagline today. November was a great month from a financial perspective. We got to enjoy some down time with Thanksgiving and Miss QCI made more progress on moving towards a new full time position (more on that in our next update).
Over the Thanksgiving holiday we found a free “gardeners chariot” while walking our dog on Black Friday. We don’t have a wheelbarrow so we decided to bring it home with us. It should be useful as we step up our gardening game next spring, especially with our compost we’ve started.
We also decorated our house for the holidays, started having our weekend fires and hosted friendsgiving. Miss QCI made another ice cream cake (you can see another one of her creations in a previous net worth update or view the YouTube video we made and make it yourself) and prepared some freezer meals for her mom. As we’ve gotten older and learned more about healthy living we continue to be concerned about our parents’ health. What better way to promote healthy living than giving the gift of food in a bag! We don’t do traditional Christmas gifts, but giving food is something we can get behind.
Mr.QCI Net Worth
Cash: ~$9,000 (-$5,000)
P2P Lending: $11,735 (-$1,234) – I am reducing my allocation to p2p which will be directed towards paying off my new rental property)
401k: $71,291 (+$4,417)
Vanguard Rollover IRA: $84,938 (+$2,113)
Vanguard Roth: $38,168 (+$1,127)
Vanguard Taxable: $120,257 (+$1,270)
Individual Stocks/Other Investments: $2,081 (-$217)
HSA (amount invested only): $21,453 (+$658)
Total Investments: $349,923 (+$8,134)
Assets: $475,000 – 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 (4 Mortgages): $292,221 – (Updated: July 2017 – I plan to update this every 6 months or so, but I pay down about $10,000 of debt every year)
Net Worth: $541,702 (+$13,134)
Miss QCI Net Worth
Cash: ~$8,000 (+$0)
401k: $99,433 (+$4,709)
Vanguard Roth IRA: $35,741 (+$838)
Rollover IRA: $4,742 (+$140)
Vanguard Taxable: $76,673 (+$2,133)
Total Investments: $216,589 (+$7,820)
Net Worth: $224,589 (+$7,820)
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): $566,512 (+$15,954)
Projected retirement income (assuming 4% rule): $22,660/year
Net Worth: $766,291 (+$20,954)