December 2015 Financial Statement

According to my Integrity Policy, I want to let you know that this post contains Personal Capital referral links.  Personal Capital is a free service.  They are looking for high-net worth individuals as possible customers for their financial advisory services, but the expense tracking and retirement planning tools that I recommend are free of charge.

December 2015 Financial Statement

It’s all about the Benjamins. And Jacksons. And Lincolns. And Washingtons.

Happy New Year!  What better way to start off the new year than to take stock of where we’re at on our retirement journey!  Net worth increased at a slightly slower rate than prior months in December, which is totally fine.

AccountLast MonthBalanceChange
Net Worth$192,046.87$207,687.59$15,640.72
Personal Checking$5,635.26$11,324.32$5,689.06
Real Estate Operating Account$1,793.10$1,957.02$163.92
Real Estate Cash Flow Account$2,764.45$3,231.02$466.57
Credit Cards-$5,302.61-$9,205.13-$3,902.52
Retirement - After Tax$44,162.03$43,421.15-$740.88
Retirement - 401(k)$71,417.12$74,854.53$3,437.41
Retirement - Roth IRA$8,629.00$8,454.01-$174.99
Asset - Home$457,409.00$469,089.00$11,680.00
Asset - Rental 1$54,834.00$54,718.00-$116.00
Asset - Rental 2$69,606.00$68,126.00-$1,480.00
Mortgage - Home-$383,274.16-$383,045.80$228.36
Mortgage - Rental 1-$44,791.93-$44,733.85$58.08
Mortgage - Rental 2-$48,497.55-$48,433.83$63.72
Student Loan 1-$22,933.11-$22,822.73$110.38
Student Loan 2-$14,255.84-$14,187.22$68.62
Student Loan 3-$5,147.89-$5,058.90$88.99

For the December 2015 financial statement, our net worth increased 8.14%!

This month, I incurred some costs arranging travel for my next trip to Thailand, Christmas presents, and a couple of large expenses (which were reimbursed, but which haven’t been paid yet).  The fantastic news is that I’ve found my next rental property, and got an accepted offer!

In January, I won’t be able to put anything into my index funds, as I’ll be reserving cash for the down payment on the rental property.  Because of that, I don’t expect our safe monthly retirement income to change much at all.  The only real change will be based on market movements.  It’s no big deal, as February will add this new property’s income, and we’ll crack $1000 per month in retirement income for the first time (If all goes according to plan, we’ll actually be just north of $1200 per month by then!)!

Blog Income

As I mentioned in my Integrity Policy, I want to make sure I share any and all professional relationships and compensation I make as a part of this blog.  Unfortunately, I didn’t earn any affiliate payments in December.  I made $11.15 in Google Ad income.  Thus, my total income for the month from the blog was $11.15.

Note: I report Google Ad revenue as it as earned, and any other income when it is paid.

Retirement Update

Our net worth is up $15,640.72 this month. We continue to be on track for a retirement in approximately 45 months.

With equity and bond accounts totaling $126,729.69 at the end of December, a 4% Safe Withdrawal Rate would allow us to take out $422.43 per month.  Our rental properties, after all expenses, vacancies, and short and long term maintenance are considered, produce $485.00 of safe cash flow every month.

Safe Monthly Income: $907.43 (+$28.40 to Last Month)

% to Goal: 18.15% (+0.57% to Last Month)

Want to Know How to Track Your Expenses This Closely?

It’s really easy.  Sign up for a Personal Capital account, which is completely free.  It’s how I track my balances across time, and allows me to project all my retirement progress without doing any work at all.  As a disclaimer, if you sign up with Personal Capital, this site may get a referral fee depending on the size of your portfolio.

One thought on “December 2015 Financial Statement

  1. Pingback: The Net Worth of Personal Finance Bloggers

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