Wednesday, November 4, 2020

Income & Expenses For October 2020: Saved $996.49, 61.86% of After-Tax Income

 Since 2014, I have been tracking my monthly income and expenses. You can see a breakdown of every penny I earn and spend. 

By documenting my journey, I aim to demonstrate the feasibility of saving a significant portion of your income and provide some ideas and inspiration for your own budget.

Below are my income and expenses for October 2020. I retired in July 2020, after ten years of full-time work. You can see all my monthly budgets since 2014 here and here.
Oct 2020
Income
Wages$0.00
Dividends$466.62
Other Income$1,144.17
Total Income$1,610.79
Expense
Federal Income Tax$0.00
Federal Tax Pmt/(Refund)
FICA-SS
FICA-Medicare
Housing$496.96
Student loan repayment$0.00
Food$38.52
Gasoline$13.11
Car Reg/Tax/Maint$22.00
Electric$3.83
Water$35.03
Gas/Heating$4.85
Total Expense$614.30
Surplus/(Deficit)$996.49
Before Tax Saving Rate61.86%
After Tax Income$1,610.79
Ex-Tax Total Expense$614.30
After Tax Saving Rate61.86%
Goal95.00%

Monday, November 2, 2020

Net Worth Update October 2020: $1,934,183.38 (-$24,270.18, -1.24%)

 Welcome to my monthly net worth update! Here is how my assets, liabilities, and net worth have changed over the past month:

Beginning balance
on 10/1/2020
+ Cash inflow
/(outflow)
+ $ P/L= Ending Balance
on 10/31/2020
% P/L% Equity
ASSETS
Current assets
Cash(9,322.40)(23,777.54)0.00(33,099.94)0.00%-1.71%
Bonds26,876.56(5,023.38)525.7022,378.881.96%1.16%
Stocks1,504,566.5429,205.55(20,891.11)1,512,880.98-1.39%78.22%
Total current assets1,522,120.70404.63(20,365.41)1,502,159.92-1.34%77.66%
Tax-deferred retirement account285,367.14(12,826.63)272,540.51-4.49%14.09%
Roth IRA89,589.728,685.8998,275.619.70%5.08%
Home46,000.00(135.00)45,865.00-0.29%2.37%
Gold20,409.15312.3320,721.481.53%1.07%
Other non-current assets727.8240.00(9.94)757.88-1.37%0.04%
Total assets1,964,214.53444.63(24,338.76)1,940,320.40-1.24%100.32%
LIABILITIES & EQUITY
Liabilities
Current liabilities232.26376.050.00608.310.03%
Long-term liabilities
Student loan5,528.710.000.005,528.710.29%
Other non-current liabilities0.000.000.000.000.00%
Total liabilities5,760.97376.050.006,137.020.32%
Equity (net worth)1,958,453.5668.58(24,338.76)1,934,183.38-1.24%100.00%

Net worth: Bottom line up front, my net worth decreased by $24,270.18, -1.24% this month due to marked-to-market investment losses (-$24,338.76, -1.24%) partially offset by net cash inflow ($68.58, 0.00%). 

Here is the breakdown of my balance sheet:

Portfolio Update October 2020: Bought 17 Stocks for $29,672.17, Sold None

 The time has come for my monthly portfolio update. At the end of every month, I will update my portfolio and comment on any changes. I do that for accountability and also so you may glean some ideas on how I allocate my capital. You have the opportunity to learn from what I do well so you can do the same, as well as what I do poorly, so you will not have to repeat my mistakes.

Follow my real-time portfolio here. Below is a snapshot of my portfolio as of 10/30/20:

Options Update: October 2020

 Welcome to my monthly options update!

Here, I shall write monthly options update articles to keep track of options trades in my portfolio. Each options update serves as a status report on the open options and the obligations I have. A running tally of all my options trades and income to date are found on the Options page.

This was a quiet month for me, as I did trade any options.

Assigned Options

No option got assigned this month.

Tuesday, October 6, 2020

Income & Expenses For September 2020: Saved $3,254.30, 88.94% of After-Tax Income

Since 2014, I have been tracking my monthly income and expenses. You can see a breakdown of every penny I earn and spend. 

By documenting my journey, I aim to demonstrate the feasibility of saving a significant portion of your income and provide some ideas and inspiration for your own budget.

Below are my income and expenses for September 2020. I semi-retired in July 2020, after ten years of full-time work. You can see all my monthly budgets since 2014 here and here.
Sep 2020
Income
Wages$1,617.96
Dividends$1,265.09
Other Income$836.84
Total Income$3,719.89
Expense
Federal Income Tax$37.31
Federal Tax Pmt/(Refund)$0.00
FICA-SS$0.00
FICA-Medicare$23.46
Housing
Student loan repayment$0.00
Food$240.48
Electric$5.89
Water$29.84
Gas/Heating$6.56
Other Expense$122.05
Total Expense$465.59
Surplus/(Deficit)$3,254.30
Before Tax Saving Rate87.48%
After Tax Income$3,659.11
Ex-Tax Total Expense$404.82
After Tax Saving Rate88.94%
Goal95.00%

Friday, October 2, 2020

Net Worth Update September 2020: $1,958,453.56 (-$61,098.02, -3.03%)

Welcome to my monthly net worth update! Here is how my assets, liabilities, and net worth have changed over the past month:

Beginning balance
on 9/1/2020
+ Cash inflow
/(outflow)
+ $ P/L= Ending Balance
on 9/30/2020
% P/L% Equity
ASSETS
Current assets
Cash3,611.15(12,933.55)0.00(9,322.40)0.00%-0.48%
Bonds26,900.11(80.05)56.5026,876.560.21%1.37%
Stocks1,546,617.3812,492.03(54,542.87)1,504,566.54-3.53%76.82%
Total current assets1,577,128.64(521.57)(54,486.37)1,522,120.70-3.45%77.72%
Tax-deferred retirement account289,009.581,375.27(5,017.71)285,367.14-1.74%14.57%
Roth IRA94,112.14(4,522.42)89,589.72-4.81%4.57%
Home43,000.003,000.0046,000.006.98%2.35%
Gold21,259.98(850.83)20,409.15-4.00%1.04%
Other non-current assets708.7040.00(20.88)727.82-2.95%0.04%
Total assets2,025,219.04893.70(61,898.21)1,964,214.53-3.06%100.29%
LIABILITIES & EQUITY
Liabilities
Current liabilities138.7593.510.00232.260.01%
Long-term liabilities
Student loan5,528.710.000.005,528.710.28%
Other non-current liabilities0.000.000.000.000.00%
Total liabilities5,667.4693.510.005,760.970.29%
Equity (net worth)2,019,551.58800.19(61,898.21)1,958,453.56-3.06%100.00%

Net worth: Bottom line up front, my net worth decreased by $61,098.02, -3.03% this month due to marked-to-market investment losses (-$61,898.21, -3.07%) partially offset by net cash inflow ($800.19, 0.04%). My net worth is now back below $2M milestone reached last month.

Here is the breakdown of my balance sheet: