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.
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.
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.
Cash Flow Summary
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.
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)
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.
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.
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?