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!
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).
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.
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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