Financial Update Report – June 2021

Michael QuanFI / FIRE, Investment, Misc, Net Worth4 Comments

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Net Worth Summary June-2021

Financial Update June 2021

Take a peek at our personal numbers for the month of June 2021.  This includes a synopsis of our net worth and monthly cash flow activity.

Learn HOW to calculate your net worth, but NEVER define yourself by it.  Curious as to WHY I calculate and share our personal net worth?  I explain it here.

Want to track your finance automatically and for FREE?  See how I use Personal Capital to help create these financial reports.  If you’re new to budgeting, download my F.I.R.E. Budget spreadsheet.

June – Overview & Updates

Do you love summer? It’s one of my favorite times of the year because we take our annual trip to Mammoth Lakes and have the opportunity to explore God’s nature and splendor. This year was unique because we had to work around several thunderstorms, and yet it all worked out in the end. We enjoyed fishing, hiking, biking, and horseback riding this year.

One of my favorite experiences this time was hiking in the backcountry lakes at higher elevations. This is the only place you can catch the elusive California golden trout. Well, we found ’em and even more than one!

Caught and released for another fight someday.

Books sales still march forward, however, at a much slower pace now. Nevertheless, I got a kick out of seeing it in our local Barnes & Nobel which was a fun experience.

If you’ve enjoyed The F.I.R.E. Planner, I’d really appreciate an honest review on Amazon to help reach more people. FIRE really is for everyone.

Finally, the STR (short-term rental) Vegas property continues to do well. Demand is very high this summer and there’s no shortage of travelers looking for a place to stay.

I continue to watch the market for more opportunities and am currently applying for a $450k HELOC (which is taking forever!).

Net Worth Summary

June 2021 Net worth update

May was another strong month for net worth.

We finished the month at $2,792,965 vs. $2,710,822 this past May.  This is a +$82,143 increase to our net worth or +3.03% by percentage.

These increases are attributed to a combination of real estate assets rising in value, a further rise in the stock market, and some cash increases.

Cash flow was UP for May.

Cash Flow Summary June 2021

We ended up with a +$2621 of cash flow for the month which was nice to see.

Income for May was UP from the last month to $17,358.

Our recurring income is primarily made up of my wife’s teacher salary, rental income, dividend income, misc investment income, and online income (coaching, FBA. blog, book, etc.).

The STR (short-term rental) property continued to do well in June, renting 26 out of the 30 days. We had $3700 of revenue for the month.

We’re still waiting for our CA refund to hit our account. It’s definitely behind, but when I call the Franchise Tax Board, no answer… hmmm. I don’t like when the gov withholds $14k of our money!


Cash Flow EXPENSES Summary June 2021

May‘s expenses of -$14,738 were DOWN compared to last month.

Although expenses were down from last month, we still had some sizable expenditures.

Restaurants are still a large portion of our expenses, and one of the more discretionary areas we can always pull back on if we so choose.

I also spent close to $2k on software dues and a couple of additional chunks on travel and Amazon Prime Day!

We finally hired some home cleaning services to help with supplemental deep cleaning.

Finally, note that our mortgage payment of $4000 includes our PITI (principal, interest, taxes, & interest) PLUS an extra $1820 towards the principal (to accelerate our mortgage payoff).

Portfolio Balances (Equities)


Investment Summary June 2021

The markets continue to bounce forward and our equities are almost worth a cool million now.

Investment Summary ALLOCATION June 2021

Our U.S. stocks allocation continues to rise percentage-wise. edging a bit larger by percentage. So we’ll see if the wealth manager has the trading team readjust anytime soon.

Final Thoughts

As the markets and real estate prices continue to rise, remember to protect yourself from inflation. You can see the effects of this occurring every day with the rise in prices all around us.

Consider purchasing assets if you’re able to (I love real estate of course). And, if you’re a freelancer or business owner, you may need to raise your own prices.

My Dad used to always tell me, “there’s no such thing as a free lunch”. I couldn’t quite grasp what that meant as a kid, but now I understand it as a way to describe cause and effect.

In our case, our government stimulus instantly expanded our money supply. So, it’s no surprise inflation is here.

Oh yeah, I recently launched the FINANCIALLY ALERT FACEBOOK GROUP and it’s growing quickly. Check it out and join the conversation.

Finally, I’d like to personally invite you to one of my newest opportunities:

  • My starter group, Financial Freedom Pass, will cover the fundamentals for building financial freedom from start to finish.
  • And, my second group, OnFIRE Income Accelerator, will be focused completely on INCOME. How can you make more of it, enhance your opportunities to make it, on creating and enhancing both your active and passive income streams.

The new classes open back up for a limited time in mid-July. Let’s do this!

Readers, how was your June? What did/are you going to do for summer?

Michael Quan
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4 Comments on “Financial Update Report – June 2021”

    1. AR, the HELOC is for future STR purchases. I’ll plan to use it as a short-term cash solution to snap up deals quickly, get them under contract, and then do traditional financing with no contingencies. Or, I may just buy them outright and then refi right after.

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