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.
August is officially over which means summer here is coming to an end. Fall is upon us and we have many to-dos before winter hits including finishing painting the house and staining our deck. It also marks the time when my consumption of my favorite drink, an old fashioned (pictured) will decline significantly. In a few days I will also turn 28 which means 30 is officially just around the corner! August was a usual month from an investing standpoint despite some unexpected expenses involving a dehumidifier (Do these things ever last?) . Over the summer I also applied for two credit cards that provided me with $400+ statement credits each, the Capital One Venture card and the Barclays Arrival+.
Mr.QCI Net Worth
P2P Lending: $24,867 (+$133)
401k: $35,279 (+$1869)
Vanguard Rollover IRA: $70,892 (-$330)
Vanguard Roth: $25,314 (+$102)
Vanguard Taxable: $75,448 (+$4981)
Individual Stocks/Other Investments: $2146 (+$118)
HSA (amount invested only): $10,693 (+$565)
Total Investments: $244,639 (+$7438)
Contributions were slightly down in taxable accounts for reasons noted above. I expect June will be a better month.
Assets (Zillow estimated): $381,758 (-$4,666) – 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): ~$254,321 (Updated: June 2016 – I plan to update this every 6 months or so, but I pay down about $6,000 of debt every year)
Net Worth: $376,076 (+$2772)
Miss QCI Net Worth
401k: $48,669 (+$1898)
Vanguard Roth IRA: $24,925 (+$77)
Rollover IRA: $3,796 (+$16)
Vanguard Taxable: $56,593 (+$930)
Total Investments: $133,983 (+$2921)
Net Worth: $136,983 (+$2921)
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!
Investments (what really matters): $378,622 (+$10,359)
Projected retirement income (assuming 4% rule): $15,144
Net Worth: $513,059 (+$5693)
August continued the trend of this year of being a solid month, still breaking $10k in investment gains/contributions.