Financial Update Report – November 2016

MichaelInvestment, Misc, Net Worth13 Comments

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Financial Update Report – November 2016

Below you will find a snapshot of our November financials – including a brief synopsis of our net worth and cash flow.

Find out WHY I calculate and share our net worth – here.  Please note 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.

Want to track your own personal finances as I do? Download my free budgeting spreadsheet.  Check out my post – How to Budget Like a Bad Ass!

Financial Update Report – November 2016

November’s Overview

This month always seems a bit shorter due to the Thanksgiving holiday.  I really love November though, because it brings together our family and friends that we don’t always get to see on a regular basis.  And, there was so much that I’m thankful for this year.

Of course, I’m thankful again for another uptick in our net worth, despite a negative cash flow this month.

Let’s check out why.

Net Worth Summary

We ended the month of November at  $1,721,345 vs. $1,703,254 this past October.  This is a $18,019 increase in our net worth or +1.1% by percentage.

As you may notice further below, we had a nice increase in our equity portfolio of ~$11k.  Combined with continued rising property values, we were able to push upwards a bit more.

Remember that net worth is simply a guiding metric to see where your financial trajectory is going.  Keeping an eye on cash flow is just as important (if not more).

Cash Flow Summary     

Well, we managed to find ourselves back in the red this month – i.e. negative cash flow of -$1646 for November.  Let’s see why…

Income of $12,059 was on par with last month.

Income is primarily made up from my wife’s teacher salary, rental income, dividend income, and misc investment income (eg. RealtyShares).

For 2017, I am already planning to make a concerted effort to increase my own personal income from the blog by spinning off some courses and other affiliate related resources (the ethical way!).  I’m excited because I’ve been laying the foundation with the blog the last year and a half and I can feel momentum growing.  I actually just completed my first podcast interview which should go live in the next couple of months. 🙂



Expenses of $13,075 was definitely an increase compared to last month.  The additional spending can be attributed to charitable giving, an increase in restaurants spending, and some online services which are more business related than personal.  In fact, as I write this, I noticed I was automatically charged a few hundred dollars for hosting I don’t even need!  So, remember, as great as automatic billing is, it can also be dangerous if you’re not monitoring it closely.

In fact, as I write this, I noticed I was automatically charged a few hundred dollars for hosting I don’t even need!  So, remember, as great as automatic billing is, it can also be dangerous if you’re not monitoring it closely.

Portfolio Balances (Equities)

So, we were definitely trailing the S&P index for the month.  That’s okay though, because we’re still up for the year.

As you may remember, I’ve been hoarding more cash lately.  Ironically, the market just keeps going up.  So, it’s a good time to point out that you never really know what’s going to happen with the markets.  At least I don’t!  But, I still try to nudge my portfolio one way or the other if I think I see a trend coming.  I’m still a bit bearish from this point, but I’m humble enough to know anything can happen from here.

What I do want to point out is that I really don’t spend a lot of time and effort in this area.  I can’t really influence the performance of a stock.  So, it’s important to focus your efforts on ideas and assets that you can control.  For me this a side hustle, or purchasing an investment property.  Not only do you hone your skills as an entrepreneur, but you have a much better chance of leapfrogging the traditional “slow play” investment strategy.


One final appeal to comment on my Charity Challenge!  Your comment WILL make a difference.  Don’t miss out!  You’ve got until Dec. 5th, but don’t wait.

Finally, as went enter this final month of 2016, see where you can eek out a tiny more juice from any 2016 goals you may have had.  Even if you didn’t start on some goals that you had, a little progress = some progress.  Build that habit of taking action and you won’t need to live in a world of regret.

Readers, how was your November?  Did you get sucked into any Black-Friday or Cyber-Monday deals (like I did)?

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Hi, I have been blessed to take an early retirement in my mid-30's so I can focus on becoming a better father, blogger, and investor.

My goal is to help you find your personal path to financial freedom, and to enjoy the entire journey.

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13 Comments on “Financial Update Report – November 2016”

  1. I’m excited to see how increasing the blog income goes. There are some really successful examples out there right in the personal finance space. Don’t worry about the haters who think everything should be free, I know you won’t do anything to trick them out of their money, I’m sure your courses will deliver a ton of value.

    My November was great – didn’t buy a single thing on Black Friday or Cyber Monday. I used to get so excited about going through the Best Buy ad and circling what I wanted … not any more!

    1. Thanks, Brian! You’ll definitely be amongst the first to know how the new revenue does. I’m still refining which areas of focus I want to test out, but it definitely continues to be a fun experiment.

      I ended up with a new Dyson vacuum this BF. But if fairness to me, I was already in the market for one (mine is 12 years old) and I snagged a stellar deal. 😉

  2. Hey Michael – I thought you were going to keep your net worth static in order to let me catch up???

    What happeennnned??? :)>

    In all seriousness, it is always nice to see that trend continue up and to the right.

    I will enjoy watching what you do in 2017 to increase income from the blog. On those same lines, I will be trying to triple my blogs income in 2017 as well. We will have to share what is working and whats not working.



    1. Dom, I definitely don’t need to stand still for you! At the income acceleration you are riding, you’ll be blowing past my NW in NO time at all. Just make sure you invite me onto your yacht if you hit $10M first. 😉

      I’m looking forward to sharing notes over a burger in 2017. Cheers!

    1. Thanks, Mr. Tako. I’m really trying to continue taking action from all the great ideas I picked up at FinCon16 this year. I think the course is a next logical step and a way to provide even more value.

      BTW, the podcast I just did is launching in a couple of months. It’s the brainchild of PT over at PT Money, who is the founder of FinCon. I believe the podcast is going to be titled – Masters of Money. I hope I sound halfway coherent! 😉

  3. nice update! cash flow is important but if you have a billion it is less important. If you have negative net worth it is everything. Don’t miss out on the gains in stocks! if you invest for the long-term you don’t need to avoid the dips in the market. The problem with trying to avoid the dips is that sometimes you miss the mountains! Who knows what will come next? I happen to be a bull but I am still only investing according to my disciplined monthly system.

    1. Jesse, it’s great that you are staying disciplined and buying into the market over ups and downs. Dollar cost averaging is the way to go!

  4. Hey Mike,

    Although looks like you spent a decent amount of cash there that was mostly from mortgages, which will eventually disappear, hopefully sooner rather than later for you 😉

    My November was fairly stable financially, looking forward to hearing about ramping up blog income in 2017 and that podcast, you’ll have to share when it comes out 🙂

    Cheers and have a great December mate!

  5. Pingback: Church of FI – Bah Humbug! And November Expense and Net Worth reports from the Blogosphere | The Jolly Ledger

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