Financial Update Report – February 2017
Below you will find a snapshot of our personal February financials – including a brief synopsis of our net worth and monthly cash flow.
Find out WHY I calculate and share our personal net worth – here.
Want to track your finance the same way? I’ll show you how I use Personal Capital to help create these financial reports absolutely FREE. Also, download my budgeting spreadsheet found in my popular post – How to Budget Like a Bad Ass!
Does anyone know why February’s are so short? Yeah, I know I can “google” it, but I’m curious if you know this random fact off the top of your head?
Anyhow, our net worth was UP for the month of February and we had a slight DIP into the negative with cash flow. Was it because we just booked a couple of flights to Hawaii? Let’s dig in and find out.
Net Worth Summary
We ended the month of February at $1,768,595 vs. $1,745,425 this past January. This is a $23,170 increase in our net worth or +1.3% by percentage.
This increase comes from a fluctuation in real estate prices, and also a little bump from the stock market charging ahead in this rather odd bull market all the way to DOW 21,000.
Cash Flow Summary
Income of $12,932 was down from January by a few hundred dollars.
Our income is primarily made up from my wife’s teacher salary, rental income, dividend income, and misc investment income (eg. RealtyShares).
I also made my first Amazon FBA sale in February. It wasn’t a lot, but it was good to see a few purchases nonetheless. More to come with my future FBA posts. 😉
This month we spent $13,474 which is higher than average.
Cash flow was slightly negative for February primarily due to a couple of insurance policies that came due (auto & property). This accounted for an extra $1200 in semi-annual premiums.
Remember how I was supposed to hit Tony Robbin’s UPW seminar in March? Well, unfortunately, that’s not going to happen. The entire event was booked a few months in advanced. Despite being on the waitlist, it became apparent that we probably weren’t going to get in since it was several hundred people deep! So…
Time to Travel Hack
We booked a trip to Hawaii instead! We’re headed to Kauai for a few days during my wife’s spring break and the kids will hang out with grandma and grandpa. Additionally, we’re headed to Napa Valley just prior to that with a couple of friends for wine tasting (well, not me since I don’t drink) and to part take in a once in a lifetime dining experience at the French Laundry (maybe I’ll do a foodie post on this experience if there’s interest).
As I mentioned in a prior post, my wife and I signed up for the Chase Sapphire Reserve Credit Card. Chase rewarded us 200,000 points combined. Typically, these points would be equal to $2000, but with this card, we were able to get 1.5x’s the points value when spent on travel. So, we received $3000 in travel credits!
More specifically, we were able to use our travel hack using points to cover our flights from LAX to San Francisco to Kauai and back to LAX. Total cost was $592/ticket or $1184 for the both of us (78,933 points). We also used our points to book a 4-star hotel (67,000 points), and a car rental (10,000). Total out-of-pocket expense = $0.
My final travel hacking purchase this month was my booking my flight to Panama City. This would have cost $595, but I still had enough point to cover it (39,500). Total out-of-pocket expense = $0.
As an added bonus, we both received applied and received our global entry cards in the mail recently. This will give us TSA Pre-check benefits like expedited security screening and expedited customs check-in when returning from a foreign country. It’s $100 to apply, but free as a benefit to our cards.
Portfolio Balances (Equities)
We’ve been trailing the S&P 500 lately. And, I suspect a portion of this has been my recent equity moves out of certain stocks back into cash and/or bonds. It’s a more conservative stance for our portfolio, but I want to lock in some profits now regardless of how much further the market climbs.
Last week I pulled off another $20,000 off the table. It’s currently sitting in an MMA, but I’m looking to put that to work soon in a conservative vehicle.
Well, life is certainly dynamic this year with travel already! No Tony Robbins UPW this year, but at least Kauai is now in the mix. New Orleans may or may not happen also depending on flight prices now. I’ve been using Kayak’s price tracker to keep me informed. Do you use anything else other than Kayak?
To make things even more interesting, we just added a new trip to the end of the year. My wife’s cousin is getting married in London, so we’ll be taking the kids on their first international trip to visit the U.K. and Ireland for a couple of weeks.
Yup, it’s gonna be super busy this year. 🙂
Readers, how was your February? Are you hitting your personal finance savings goals? What are your thoughts on travel? Is it an experience worth spending a lot of money on, or overrated?