Financial Update Report – November 2017
Below you will find a snapshot of our personal financials for the month for November 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.
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November always feels like it flies by so quickly! Did you have a nice Thanksgiving? Are you ready for the holidays?
Thankfully, I didn’t overeat this past Thanksgiving. However, I did venture out and eat some tasty treats that I haven’t had in months since my cleanse. It was quite delicious, but I’m back to eating more health-conscious choices.
Anyhow, I’m happy to report that we’re still on the other side of $2M again (as first noted in October 2017).
Let’s have a quick look at how things penciled out last month.
Net Worth Summary
Net Worth continued to climb in November. We ended up at $2,021,593 vs. $2,003,213 this past October. This is an $18,380 increase in our net worth or +0.9% by percentage.
Similar to months past, most of the gain here was attributable to new real estate values and our portfolios increasing with the rising markets.
Here is what the entire 2017 year looks like so far. NW has climbed $282,260 so far or 16.2%. (Compared to $1,739,333 at the end of December 2016).
Cash Flow Summary
To continue with our 2017 theme, November was once again a negative cash flow month, with a loss of -$2990. This was better than last month by half, but a cash loss nonetheless… I’ll discuss specifics below.
Income of $11,817 for the month remained lower than usual due to one Vegas property still paying off its recent turn over costs. This CAPEX expenditure will be completely paid off this month, so next month we’ll be back to receiving full income.
Our income is primarily made up of my wife’s teacher salary, rental income, dividend income, and misc investment income (eg. RealtyShares).
November’s expenses of $14,807 were the higher than normal primarily because of additional FBA costs (shipping from China to the US – approx. $1450).
It’s actually not noted in the graphic above because I realized too late that is was miscategorized as a transfer instead of an expense. So, it’s a good note to always review your transactions closely to make sure your snapshots are accurate!
On a related note, my wife recently asked me what our cash expenses are without the real estate, business, and discretionary travel expenses. After looking at the past 12 months, this came out to ~$9800/month.
Portfolio Balances (Equities)
Our portfolio was below the S&P 500 this month by roughly a quarter of a point (1%). I’m actually in the process right now of evaluating a firm to help me manage my assets for a while. They are a complete fiduciary and well-regarded wealth manager. I’m most interested however if where I find additional efficiencies within tax strategies I’m not currently making use of now.
This month I plan on funding our Roth IRAs again. It technically doesn’t need to happen until April 15th of next year, but I like having the actual transaction pegged in 2017 for the year of.
Other than that, we have several charities we donate to this time of the year so that coupled with the holidays will surely make for another month of the same theme… not that I’m complaining. 🙂
December is going to start-up slow and finish up in a whirlwind with our trip to Ireland and London. It’s gonna be fun (and cold).
Readers, how was your November? What do you need to finish up before the year ends?
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