Financial Update Report – August 2017
Below you will find a snapshot of our personal financials for the month for August 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!
This summer has been incredibly busy and August was no exception.
I returned home from my Panama fishing trip a few days ago. It was an awesome experience, and I’m happy to be back home with my family. 🙂
This is a picture of a rooster fish (~60lbs) before we sent him back to the ocean.
*Since a number of you have inquired about my trip, I’ll do a separate wrap up post next.
Our financials this month were similar to July, and I’m happy to see it steady in my absence.
I’d still like to see some improvement in cash flow and will continue investing and hustling with my side projects (eg. FBA).
Net Worth Summary
Net Worth inched ahead with a tiny gain. We ended the month of August at $1,919,580 vs. $1,917,748 this past July. This is a $1,832 increase in our net worth or +0.01% by percentage.
Cash Flow Summary
August was a negative cash flow month again with a loss of -$1331.
Income of $13,996 for the month was back up with income returning for our San Diego rental property.
We had one hiccup with one of the Vegas properties as the tenant requested to do month-to-month. This was fine, except he just gave notice a half month in! So, back onto the market, it goes.
Our income is primarily made up from my wife’s teacher salary, rental income, dividend income, and misc investment income (eg. RealtyShares).
This month were $15,328 which was above average for the year.
A large chunk ($2600) went to some dental work for my wife that needed to be taken care of, and $800 to our semi-annual auto insurance premiums.
Portfolio Balances (Equities)
Nothing too exciting to note on the equities front for me. Things just keep humming along. 🙂
I trust you are enjoying your Labor Day Weekend? Hope you are getting some well deserved R&R.
We are just laying low this weekend which is a nice change of pace!
I’ll do a write-up on my Panama fishing trip to change things up a bit next. I took way too many pics and vid! To give you some context, I took over 125 GB worth of media. 🙂
Anyhow, I’m still working on my FBA project and analyzing the tiniest of details to maximize profitability. It’s looking okay at the moment, but I want to anticipate some hiccups as well.
I am also considering making an investment into a syndicated real estate deal which involves the purchase of a 190 unit Class-B apartment building in San Antonio, Texas. Our thoughts and prayers go out to all of those affected by Harvey and who have been displaced.
Readers, how was your August? Any notable changes or wins this past month?
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