Financial Update Report – September 2016

MichaelInvestment, Misc, Net Worth24 Comments

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September 2016 Net Worth Cover
Financial Update Report – September 2016

Below you will find a snapshot of our September financials – including a brief synopsis of both net worth and cash flow.

If you have any questions on how and/or why I calculate and share our net worth, you can find details here.  Please note there are some affiliate links contained below but know that I only recommend products or services that I use or strongly believe would help my readers.  Personal Capital is FREE to use and a very powerful tool I use to help create these financial reports.

If you’re interested in how you can track your own personal finances as I do and want to download my free budgeting spreadsheet, check out my post – How to Budget Like a Bad Ass.

Financial Update Report – September 2016

September’s Overview

Most of September was super packed.  A trip up to L.A., a full week of FinCon activities, and a week-long road trip to the Bay has kept us super busy!  In fact, we’re still on our road trip as I write this.  Today we had a quick trip to a couple pumpkin patches today along Half Moon Bay which the kids loved.

Half Moon Bay Pumpkin Patch

Luckily I brought along my laptop and I’ve been working on a couple posts on the road.  I’ll share my FinCon recap soon… I promise!

Because it’s been so busy, I haven’t had much time to really review our numbers in detail.  Cash flow was definitely down a lot this month, but our net worth numbers climbed ahead a little further.

Net Worth Summary

We ended the month of September at $1,661,206 vs. $1,648,827 this past August.  This is a $12,379 increase in our net worth or +0.7% by percentage.

This increase was attributed primarily to the rise in real estate values and some modest gains in our equity accounts.  It would have been even higher, but I adjusted some of the values downward a bit because some of the estimated values were too high in my opinion.  I’d rather see actual comps of recently sold than to rely on an online estimate.

September 2016 Net Worth

Cash Flow Summary     

September 2016 Income

Income of $11,608 was a bit higher than last month.  It should rise the next month with the new tenant’s rent coming in.

The rest of the income came from my wife’s teacher salary, rental income, dividend income, and misc investment income.

Note to self: It’s important to remember that most early retirees have ample positive cash flow.  Net worth won’t help unless you’re planning to draw down the assets (which I don’t want to do at all).

I definitely have a focus for 2017 to increase income from new sources.  One quick and easy area that I’ve neglected is selling “stuff” on Let it Go or Ebay.  One of our neighbors does this consistently and pockets an extra several hundred dollars frequently.  It’s also make it or break it time for my FBA experiment.

September 2016 Expenses

Expenses

This past September saw a cash flow loss of -$2190.85.  This is loss is primarily attributed to my initial FBA (Fulfillment by Amazon) order to produce 100 units of product.  This was $1323.05 which includes production and shipping costs.

Additional expenses of $1,164.45 this month include reimbursements to my property management company for last month’s turn over repairs.  So, although cash flow was negative this month, it was more a function of business than personal expenditure.

Portfolio Balances (Equities)

September 2016 Holdings

My portfolio is still performing a bit better than the S&P 500 for the last month.

I kept asking others at FinCon what their sentiments on the market were and most feel it’s inflated and poised for an adjustment.

Thoughts

I’m admittedly not the most frugal blogger out there, and occasionally like to purchase a tech toy from time to time.  After getting all hyped up about the Apple Watch 2, I pulled the trigger just after midnight the day of the release.  I was super excited when it arrived and I promptly slapped it onto my wrist.  

However, I immediately noticed it was pretty thick.  After a whole week of wearing it, I realized that it was pretty cool, but I wasn’t also using the waterproof features or the GPS.  Buyer’s Remorse began to sink in!  So, I ended up returning it back to the Apple store and downgraded to a series 1 which don’t include these extraneous features for me.  

money-652560_1280

This gave me back $110 which made me feel much better about my purchase!

Readers, how was your September cash flow?  Any purchases that you are happy (or unhappy) about this past month?

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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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24 Comments on “Financial Update Report – September 2016”

    1. Thanks for noticing, Mr. Tako! I couldn’t refuse the $1000 burger laced with gold and rare white truffles. It was sooo good. 🙂

      Kidding aside, I was wondering, “did we really spend that much extra on eating out this month?!”

      Ends up that Personal Capital thinks Alibaba is a restaurant… Haha. Guess I missed incorrect classification to the tune of $1340! (Reclassified now to business misc since that’s my FBA order)

  1. Michael,

    thanks for sharing. Great blog, I enjoy it a lot. You have done very well in retiring early. I am still working for the man and trying to get to FI. Have a great month.

  2. Enjoy the rest of your road trip! Fall is one of my favorite times of the year. We’ll have to go to the pumpkin patch soon, maybe this weekend.

    Good call on the Apple watch. I don’t think I’ll be in the market for one, not sold on them yet, but I like how you were willing and able to pull the trigger and return it for the older model and save you good chunk of money.

    1. Thanks, GS! We had a fantastic road trip. We’re driving back home today. It’ll be nice to sleep in our own bed.

      Yeah, I was eyeing the Apple watch for a year. I’m definitely happy with the cheaper version. 🙂

  3. Thanks for sharing this Michael! I was also going to say that seemed like a really high restaurant bill! $76 dollars a day which I can’t even think how to spend that unless you go out to eat at a nice restaurant every day! Looks like that was just a misclassification though.

    I really enjoy seeing a blogger that isn’t the super frugal type. It’s relatable to me, as I’m also not the most frugal of bloggers. I go out to eat way too much and I do like to buy new phones and gadgets sometimes. I think as long as you’re meeting your goals and are aware, it’s alright!

  4. Hey Michael, how was fincon? Would love to hear about it. Congrats on the positive month as well even though you had a cash flow negative. Same exact deal for me. How is your amazon stuff going? Right now im averaging about 4 to 6 sales per day. Not to bad. I just checked and have about 800 remaining inventory out of my original 1000. I have a feeling they will all be sold when the holidays come.

    Good luck!

    1. Alexander, FinCon was awesome! I got to meet so many cool people. Too bad you couldn’t make it this year. Next year??

      I’m just starting out on my first FBA order, so results are tbd. I definitely didn’t go in as big as you did, but it sounds like you’re doing great!

  5. Interesting update. I was curious how many rental properties you have and if you are interested in buying more? I am looking to buy another one soon myself and that would make 2 total for me. Also, do you like to pick your own stocks or do you buy a fund or an index? I was also wondering about your FBA business – is there a place I could read more about that? it sounds like another great passive income stream. Sorry for all the questions! Love your blog as always.
    I just posted my first Net Worth update for September over at my blog! I’m excited to begin tracking this and reporting out on my portfolio allocation as well.

    1. Thanks PWB! We own 3 rentals. 2 in Las Vegas and 1 in San Diego. I’d definitely love to purchase more, but in general I feel like prices are too high to snag easy deals.

      I haven’t written anything specifically on my FBA project yet. It’s still a bit early, but hopefully soon!

      I used to pick my own stocks, but primary purchase and sit on index etfs now.

      Congrats on your first NW update!!

  6. wow San Diego and Las Vegas – thats cool. I’ve never invested out of state before. I’ll keep an eye out for your FBA updates. I’m sure you will do well with it. I like index funds but sometimes I can’t resist buying a single stock when it is too good to pass up. Have a good one.

  7. It looks like you have a terrific month. Anytime that your assets go up is a good month in my book.

    I’m really looking forward to your thoughts on FinCon. I’ve heard tons of good things about it but always look forward to hearing different perspectives.

    Hopefully next year I will be able to attend.

    1. Thanks MSM! Yeah, FinCon was fantastic. Highly recommended if you’re a blogger or interested in financial media. It’s large enough to have great content, but small enough to still engage with people one on one.

  8. Congratulations on starting your FBA business and wishing nothing but the best 🙂 the apple watches look so slick.. I would never buy them for the functionality but because they look absolutely amazing, which would make me feel absolutely amazing ha! I think the feeling would die out so soon after a couple of days though..

    1. Hi FS, you’re right. The initial excitement certainly settles down after a week for me. However, the cool thing is that tech like this, or a smartphone, has access to dynamic content that is always changing with new apps, data, etc. So, it has the potential to stay novel for much longer than a static doodad. 😉

  9. I’ll also admit that I’m not the most frugal blogger either. Some months I stay in check, while other times I splurge a bit more. Surprisingly, the food/restaurant budget while at FinCon was lower than I expected for San Diego! Must have been all the catered food and frugal atmosphere. Anyways, great update and safe travels my friend!

    1. Yeah OB, we did pretty well with the cheap tacos and free catered food!

      We just got back late last night and I’m still playing a bit of catch-up now. 🙂

    1. I’m still catching up, Eric! So many things to implement. Good to see you already testing some.

      I should have my first Amazon order in hand soon! We’ll see how it goes. Amazon just dropped a bomb on a lot of people a few days ago essentially banning incentivized reviews.

  10. Make or break time for FBA sounds bad. I hope it all works out ok.

    Is the “other income” of $4340 the rental income? Does that include any of the rental expenses like PITI?

    1. Yeah Brian, the FBA project has been interesting. We’ll see how it goes!

      Yes, the “other income” includes the rental income. Under the expenses, the mortgages include PITI for the investment properties.

  11. Pingback: The Church of FI – September 2016 Expense and Net Worth reports from the blogosphere | The Jolly Ledger

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