October 2016 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.

February 2016 Financial Statement

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

October inched our net worth forward ever so slightly, but if all goes well, hopefully it also laid the groundwork for a long period of passive income, too.

AccountLast MonthBalanceChange
Net Worth$302,696.36$304,162.49$1,466.13
Personal Checking$8,763.43$8,829.25$65.82
Business Checking$1,824.34$2,196.10$371.76
Real Estate Operating Account$1,827.19$2,544.88$717.69
Real Estate Cash Flow Account$1,998.35$2,985.05$986.70
Credit Cards-$8,167.63-$5,941.51$2,226.12
Retirement - HSA$3,094.85$3,021.59-$73.26
Retirement - After Tax$48,293.02$47,274.08-$1,018.94
Retirement - 401(k)$108,762.77$108,481.49-$281.28
Retirement - Roth IRA$9,140.27$8,937.83-$202.44
Asset - Home$500,000.00$500,000.00$0.00
Asset - Rental 1$43,843.00$46,129.00$2,286.00
Asset - Rental 2$66,240.00$66,240.00$0.00
Asset - Rental 3$87,075.00$82,684.00-$4,391.00
Mortgage - Home-$380,892.67-$380,642.23$250.44
Mortgage - Rental 1-$44,200.38-$44,139.89$60.49
Mortgage - Rental 2-$47,849.17-$47,782.95$66.22
Mortgage - Rental 3-$57,681.53-$57,606.53$75.00
Student Loan 1-$21,685.09-$21,542.92$142.17
Student Loan 2-$13,480.03-$13,391.64$88.39
Student Loan 3-$4,209.46-$4,113.21$96.25

On our October 2016 financial statement, our net worth increased by a paltry 0.48%.

It’s actually ok– the market was down, and we were really only saved from a reduction in net worth by contributions to my 401(k). I also had some pretty big expenses for The Earth Awaits. Here are some of the sites where it appeared this past month:

…and a whole bunch more (in eight languages!). Basically, TEA was super-duper successful this month. That doesn’t mean it will continue to be, but there are at least a couple high-profile places I know it’s going to appear this month, fingers crossed (and not mentioning them because until they appear, I am too afraid to say they’re going to happen).

The thing is, dealing with that kind of traffic can get really expensive, and it did. I also didn’t make any serious effort to make money off the site, so there was a lot more going out than coming in. It was a calculated risk– I wanted to present the best possible experience for everyone who tries it in these early days. I have introduced some unobtrusive ads to try to at least allow the site to pay for itself, and started soliciting some sponsorships. I am hoping that as the site’s profile rises, it will be able to pay for itself, and perhaps help with the path to FIRE, too. So, I consider the costs of making the site run well with the large amount of traffic to be just the cost of doing business, and an investment in the future.

I still managed to write a couple of articles here, though I could be better. It’s hard to balance both sites at once right now, but I’m doing my best!

The next couple of months will still probably be primary devoted to making The Earth Awaits better with things like user accounts, custom budgets, favorites, and other features. It’s a lot of fun to work on, and seeing the level of enthusiasm for it around the world, it’s easy to find the energy to work on it– not to mention there are countless ways it could still be improved!

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.

In October, I earned the following:

  • $100 from Personal Finance affiliate payments
  • $29.43 in Google Ad revenue

The blog made $129.43 this month, more than paying for itself, which is always awesome. If anyone’s curious, The Earth Awaits made $40.51 this month, and cost me much, much more than that to run.

If you’re looking to start your own blog or web site, please consider using my referral link for BlueHost. I’ll get a little cash to help pay hosting expenses, and you’ll get a great hosting provider (the same one I use) starting at about $3.95 per month.

Retirement Update

Our net worth is up $1,466.23 this month. A modest amount, but modestly in the green is still green! This month includes some larger contributions to my 401(k) and maxing out my HSA for the year, so hopefully next months’ net worth will look a little bit better.

With equity and bond accounts totaling $167,714.99 at the end of October, a 4% Safe Withdrawal Rate would allow us to take out $559.04 per month. Our rental properties, after all expenses, vacancies, and short and long term maintenance are considered, produce $986.00 of safe cash flow every month.

Safe Monthly Income:  $1545.04 (-$5.26 to Last Month)

% to Goal: 30.90% (-0.10% to Last Month)

Want to Know How to Track Your Expenses?

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.

7 thoughts on “October 2016 Financial Statement

  1. Ten Bucks a Week

    I like your undertaking of TEA project and still maintaining this site. We got some dental tourism on vacation, nothing big like yours though. I’m also working on a project using Python, it isn’t as cool as your site nor will it be as public, but hopefully lucrative.

    Keep it up.

    1. The Vagabond Post author

      Thanks, TBAW! I wish you luck with your project, too! I am having a lot of fun with TEA, and I keep discovering new ways to make it more interesting or fun. For as long as it’s fun, I’ll definitely stick with it. It’s clear to me from all the attention that there are countless adventurers-at-heart out there just waiting for the right tool!

  2. Mrs. BITA

    I’ve enjoyed playing with TEA, and I can imagine that it must be a lot of fun to work on. Thank you for making this available to all of us and congratulations on it’s success. And I think you made the right call with not monetizing it to the gills right out of the door.

    I feel your pain with the teensy NW increase this month. We had the same experience (a less than $900 increase to NW when we saved close to $20k. Ouch).

  3. EL

    IT seems like you are doing well with 3 rentals and a sizeable nest egg. It appears you are 30% towards reaching the passive income goal. Good luck, and keep on with the site, it will pay back.

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