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.
I joked on Twitter that I would publish my updated net worth to the Rockstar Finance Blogger Net Worth Tracker just before my 30th birthday. I might do just that. I could hold on to the ’20s’ until I updated it next which would delay the time of which my net worth would get lost with a lot of other bloggers. I may even decide to ditch my net worth updates altogether. It’s something I’ve been pondering as I want to make the website less about me and more about helping others with helpful content. See my ‘dehumidifier experiment’ for an example. I could actually write a post reviewing that post because it’s been fascinating to watch the traffic trickle in and even a few clicks over to Amazon to purchase said dehumidifiers. This very blog now makes a small profit, something I never expected.
We’re at an interesting time in our financial journey. I remember reading Mr. Money Mustache during my time in a cube farm when I was in my mid-twenties and being in awe at all of his accomplishments, but mainly retiring at age 30. I was certainly in the position to do the same. So I, like thousands of others soaked up the content and began my journey which has turned out to be eerily similar to his. Turns out it does work: roommates, rentals, riding bikes and this year going to four days a week, something he also did to test the waters of early retirement. Now nearly 30, we’re right on the verge of financial independence and some would probably look at our situation and say we are. I am also holding on to the fact that I can still say I retired at 30 as long as I am still 30 so in reality I have about another year.
We’re using this time to do two things. First, the whole four day work week is still somewhat new. Come fall and winter I want to make sure I continue to stay occupied. Right now, I still feel plenty busy but that will change once summer ends. Miss QCI has also been freely taking unpaid days off with her ridiculously flexible job. Perhaps when I have more downtime I will have more enthusiasm to work on side projects. Although I commend the people who are able to quit cold turkey there is still fear about leaving steady income which is why we have chosen the path of gradually slowing down.
Second, we’re saving for a new roof. It could probably wait a couple of years, but now is a good time to get the expensive project out of the way before we really scale back. Our roof footprint is huge due to it taking up a majority of the side of the house where most homes have siding. Easy house to paint, but expensive one to roof. We’re leaning towards a metal roof and are currently awaiting a few quotes. Due to the anticipated costs this will probably be a 2019 project.
Mr.QCI Net Worth
Cash: ~11,000 (+$3,000)
P2P Lending: $4,836 (-$601) – I am reducing my allocation to p2p lending
401k: $89,189 (+$6,805)
Vanguard Rollover IRA: $89,590 (+$2,193)
Vanguard Roth: $46,732 (+$1,464)
Vanguard Taxable: $122,512 (+$2,759)
Individual Stocks/Other Investments: $1,687 (+$4)
HSA (amount invested only): $23,057 (+$803)
Total Investments: $377,603 (+$13,427)
Assets: $475,000 – This is the estimated value of my four 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): $239,848 (-$5,722) – (Updated: June 2018 – I plan to update this every 6 months)
Net Worth: $623,755 (+$16,427)
Miss QCI Net Worth
Cash: ~$4,000 (+$2,000)
Vanguard Roth IRA: $56,973 (+$1402)
Rollover IRA: $104,130 (+$3,052)
Vanguard Taxable: $98,342 (+$4,297)
Total Investments: $259,445 (+$8,751)
Net Worth: $263,445 (+$10,751)
Investments: $641,048 (+$26,178)
Projected retirement income (assuming 4% rule): $25,641/year
Net Worth: $887,200 (+$27,178)