Financial Update Report – June 2017

MichaelInvestment, Misc, Net Worth27 Comments

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Financial Update Report – June 2017

Below you will find a snapshot of our personal financials for the month for June 2017.  This includes a brief synopsis of our net worth and monthly cash flow activity.

Curious as to WHY I calculate and share our personal net worth?  I explain it here.

Want to track your finance the same way?  See 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!

June Overview

You’ll have to excuse my delayed posting, but vacation called!  In fact, I’m still on vacation (back in Mammoth), but finally within WiFi range to complete this post.  🙂

Hope you had a wonderful 4th of July!  We had a fantastic time camping in the Yosemite Valley the past few days.  Luckily, no bear encounters. 😉

So, this past month of June was interesting.  Yet another negative cash flow month, but still a nice gain in net worth.  You can see from the graphic above that we’ve increased net worth by ~$150k this first half of the year.   With any luck, we could possibly see $2M by year end.

Net Worth Summary

NW crept forward again, with us ending the month of June at $1,886,134 (adjusted -$30k) vs. $1,869,256 this past April.  This is a $16,878 increase in our net worth or +3.1% by percentage.

Cash Flow Summary     

June was another negative cash flow month with a loss of -$1159.  I’ll highlight the additional expenses below.

 

Income of $12,654 for the month was about average for the year.

Our income is primarily made up from my wife’s teacher salary, rental income, dividend income, and misc investment income (eg. RealtyShares).

Expenses

This month we spent $13,813 which was higher than average for the year and contributed to the loss for this month.  Most of the additional expenses were from our current travel in addition to my upcoming fishing trip in August!

New projected expenses for the next month are a few thousand dollars for a rental property we are turning… actually we’re turning over 2 properties.

Portfolio Balances (Equities)


Portfolio wise, it’s been pretty flat the last month.  I’m sitting tight at the moment since I really have no clue where the markets are headed, but I’m okay with my current positions for now.

Final Thoughts

Although I don’t care for negative cash flow, we may need to deal with it for a little longer.  We’re turning (switching out tenants) one of the Vegas properties and the San Diego property as well, so there will be some additional expenses to deal with this month.

The good news is that both properties will be listed higher… (+$150/month – Vegas) and (+$350/month – San Diego).  $500 of additional monthly cash flow would certainly be great!

After our current Mammoth trip, I have a half day to rest, then it’s off to volunteer for an entire week.  I’ll be serving as a youth coach at GYLS (Global Youth Leadership Summit).  It’s a ton of fun and awesome to see the kids really step up at such a young age.  The cool thing is that it’s at my alma mater, U.C. San Diego.  So, I get to spend a whole week in a dormitory…haha.

Readers, how is your summer going?  Did June treat you well?  

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Michael

Hi, I have been blessed to take an early retirement in my mid-30's so I can focus on becoming a better father, blogger, and investor.

My goal is to help you find your personal path to financial freedom, and to enjoy the entire journey.

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27 Comments on “Financial Update Report – June 2017”

  1. Wow! This is my first time stopping by and your net worth update is motivating! We have been tracking our net worth since early 2015 and I am always amazed at how helpful it can be as we work towards our financial goals. Enjoy the rest of your vacation and the GYLS!

  2. Wow! That’s an awesome net worth.

    Sometimes I get jealous of real estate guys like you that get rental income. Since we FIREd, all our money tied up in stocks, bonds, REITs, and bank accounts. We even downsized the house we owned into a rental apartment.

    1. Hey Roger, I definitely love real estate. It sounds like you’re able to participate a bit with REITs and such. Congrats on your FIRE!

    1. MPP, we love the outdoors! Can’t get enough of it… although, my own bed sounds pretty nice right about now. You’re right, the memories are priceless at these ages. 🙂

  3. Camping looks fun – but what the heck is that huge green thing in front of your tent?

    The huge increase in rent sure makes up for the expense of turning over the property! You should make up the repairs and vacancy loss in a matter of months.

    Curious – what’s the rent and value of the San Diego property now?

    1. Haha, good eye, Brian! That extra green tent is a standalone privacy tent. We didn’t really end up using it except to store stuff.

      The SD property was rented out at $2650 and we’ll get to move it up to $2995 if we’re lucky enough to snag the going rates.

      Zestimate is $640k. However, this is one of those that I think is too inflated. I estimate it at $621K.

      Hope you had a stellar 4th!!

    2. Haha, good eye, Brian! That extra green tent is a standalone privacy tent. We didn’t really end up using it except to store stuff.

      The SD property was rented out at $2650 and we’ll get to move it up to $2995 if we’re lucky enough to snag the going rates.

      Zestimate is $640k. However, this is one of those that I think is too inflated. I estimate it at $621K.

      Hope you had a stellar 4th!!

  4. Thanks for sharing, Michael. Congrats on the gains and on the increased rents. That extra monthly cash flow will be sweet. Enjoy your vacation and subsequent volunteering. Sounds like a pretty awesome early retirement lifestyle to me.

  5. Congrats on what looks like a very fun vacation!

    As long as your net worth keeps marching in the right direction, one or two months of negative cashflow shouldn’t be a big deal. It looks like it’s been a steady march upward since the beginning of the year too!

    Same situation with me. Some months we’re cashflow negative (when dividends are poor), but in general we generate around $50k in passive income and around $100k in capital gains.

    1. Thanks, Mr. Tako. I’m surprised you have negative months given your awesome dividends and cost conscious lifestyle… then again, your whole family is fully FIRE’d. I’ll feel a bit better when I get closer to your NW #. 😉

  6. I’m impressed you can raise rents that much. It’s totally different here in SF now as rents are going down for the first time in a while! But, the magnitude is significant.. like 8% – 12% down. There’s a flood of condos suppressing the market. Let us know how it goes!

    Very close to $2M! Good luck!

    1. Wow, that’s interesting to hear about rents in SF. Demand is still pretty strong here in SD. I’ll definitely post an update when it’s rented out!

  7. Hi Michael, Really surprised to see hike in rents to this extent. That’s really good to read such financial updates. So all set for $2M party? Wish you all the best dear, keep growing keep moving!

    Regards
    Amaltas

  8. It’s nice that the net worth can still go up with one or two negative cash flow months. Even better when the increase happens while you enjoy your family vacation.

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