Financial Update Report – March 2017
Below you will find a snapshot of our personal financials for the month for March 2017. This includes a brief synopsis of our net worth and monthly cash flow activity.
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March was definitely a month to remember. In addition to turning 40 years old, I also had the good fortune to knock out two bucket list items. The first was dining at the French Laundry which was a fantastic and memorable experience. It also put a nice dent in my wallet. 😉
Secondly, my wife and I were able to sneak away to Kauai for few days without the kiddos. While we were there we took a helicopter ride around the island and even got to land next to the Manawaiopuna Falls (a.k.a. Jurassic Park Falls). It was breathtaking.
Ordinarily, we wouldn’t have shelled out the $325/person fee, but my cousin insisted it was the best thing he did while he was there a couple of years ago. He was right. It was well worth it and we didn’t feel too bad given the rest of the trip was covered for free by credit card points we picked up through promotions.
Net Worth Summary
We ended the month of March at $1,773,477 vs. $1,768,595 this past February. This is a nominal $4,882 increase in our net worth or +0.3% by percentage.
After all of these crazy expenses, it’s nice to see that we still had a tiny bump up. Our portfolio was flat this month, so the increase comes from nominal shifts in real estate values. We are expecting a tax refund this year as well, but it will depend on when we get this because I’m still waiting on some RealtyShare’s K1s.
Cash Flow Summary
All things considered, I was happy to end March just a small negative cash flow of -$561.
Income of $15,025 was up from February by a $2093 in large part due to quarterly dividends.
Our income is primarily made up from my wife’s teacher salary, rental income, dividend income, and misc investment income (eg. RealtyShares).
I was also returned $5000 of capital from a RealtyShares investment that paid off which initially showed up as income, but I re-classified it because it was a return of principal.
This month we spent $15,586 which is much higher than average. The major outlier was for travel.
Even though our trip to Kauai was paid 95% by points, we still decided to splurge on the helicopter tour ($650). The remainder you see is actually for upcoming travel at the end of the year when we are taking the family to the United Kingdom (for a close cousin’s wedding).
Oh, and one reclassification I just noticed… we didn’t spend $1000 on clothing in March. That was Personal Capital automatically trying to classify “The French Laundry“… haha. That would have been one expensive dry cleaning bill!
Portfolio Balances (Equities)
There’s not too much to share in and around our portfolio other than it’s nice to see quarterly dividends hit.
I’m still bearish long-term (5 years out) on the market and raised a little additional cash in March.
Other than that, we were pretty flat this past month.
Well, I’m not gonna lie. It’s pretty fun to splurge sometimes… especially on bucket list items. Of course, moderation over the long haul is super important.
What you don’t necessarily see here is many years of saving and investing. Remember, I saved 50% of our income for over a decade before retiring early.
I’m looking forward to spending some time at home for a couple of months before our next trip (fishing in Mammoth) and get some spring cleaning in.
I hope you are enjoying the springtime as much as I am. In San Diego, there is a wildflower bloom like I’ve never seen before. So, I’ve been trying to take advantage by doing a little hiking with the kids in the canyon nearby our home. It’s great exercise and very cost effective. 🙂
Okay, I’m off to review our 2016 taxes now.
Readers, how was your March and your first quarter of 2017? Are you getting ready for taxes (completed, getting ready, or filing an extension)?