Another month closer to FI! Let’s take a quick look at how we did in our September 2015 Financial Statement.
|Real Estate Operating Account||$1,378.30||$1,715.27||$336.97|
|Real Estate Cash Flow Account||$1,199.25||$1,640.25||$441.00|
|Retirement - After Tax||$37,620.60||$39,812.67||$2,192.07|
|Retirement - 401(k)||$49,763.70||$51,061.64||$1,297.94|
|Retirement - IRA||$4,177.55||$4,175.02||-$2.53|
|Asset - Home||$401,716.00||$408,438.00||$6,722.00|
|Asset - Rental 1||$54,429.00||$55,324.00||$895.00|
|Asset - Rental 2||$72,584.00||$71,228.00||-$1,356.00|
|Mortgage - Home||-$383,946.75||-$383,724.42||$222.33|
|Mortgage - Rental 1||-$44,965.24||-$44,907.39||$57.85|
|Mortgage - Rental 2||-$48,687.25||-$48,624.26||$62.99|
|Student Loan 1||-$23,285.27||-$23,172.61||$112.66|
|Student Loan 2||-$14.474.75||-$14,404.72||$70.03|
|Student Loan 3||-$5,429.47||-$5,338.12||$91.35|
First, the bad news: The market continued to drop this month, so stocks and bonds didn’t account for as much increase in net worth as they normally might. I had to pay my quarterly self-employment taxes, so I had less available to be able to invest, and because I paid with a credit card, those balances went up this month. One of my rental properties dropped slightly in value according to Zillow. I had to approve a minor repair on that same property, so next month it will see a slightly reduced profit.
Now, the (much more extensive) good news: I paid the taxes with newly-churned credit cards in order to hit signup bonus spend on all of them, resulting in a huge new influx of reward points and miles. This month alone, we got enough miles to fly both of us to Europe, do a bunch of domestic flying, and enough hotel points to cover a week or so in Starwood hotels if we choose our locations wisely.
Our primary residence and another rental property continued to rise in value. I invested this month so my taxable and 401k accounts are both up as a result (and extra bonus, I bought all those shares at a discount since the market is down!).
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 September, I made $7.34 in Google Ad income. I did not make any income on the blog from any other source this month. Two people signed up for iTalki accounts after using my referral link, for which I will receive $10 in language lesson credits if either of them complete a lesson.
Our net worth is up $13,910.77 this month, which is fantastic. We’re looking to hit financial independence in approximately 48 months, so this puts us on track as of now. This month, I will be catching up on my 401(k) investments, so even if the market holds steady or drops a bit, next month I should be able to report a nice increase in net worth.
With retirement accounts totaling $95,049.33 at the end of September a 4% Safe Withdrawal Rate would allow us to take out $316.83 per month. My rental properties, after all expenses, vacancies, and short and long term maintenance are considered, produce $465.00 of safe cash flow every month.
Safe Monthly Income: $781.83 (+$35.62 to Last Month)
% to Goal: 15.64% (+0.72% 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.