Starting this year (2015), I have changed the tracking method for Passive Income to real dollars per month in passive income rather than percentage values. I.e. I am taking the cumulative passive income received this year and dividing them by 12 months. I removed the percentage tracking because percentage increases may make me feel good, but it is real dollar amount increases that shows reality. Amount per month looks puny at the beginning of the year…but lets keep it real hey 🙂
|Emergency Fund ($72K)|
|College Fund (80K)|
|Passive Income Streams (target=$4000 pm)|
|Retirement Fund ($900K)|
|Roof for our Family($1 mil)||00.00%|
|Life Insurance||Done (term life insurance payments initiated)|
5 thoughts on “Financial Independence Progress Report for Jan 2015”
How come there is no contribution to “roof over family”? The $70k of emergency fund sitting in idle or is it in bonds?
Thanks for dropping by!
The $70K is sitting idle earning 1% in a bank. Yep…conservative..will wait for sometime on this before moving it out. Suggestions are welcome 🙂
Regarding the house, as of this moment, cannot afford a roof of my own. I do scan for properties in the areas I am interested in…prices are insane and I am not. Will wait for a better time where the prices are reasonable.
I like it “prices are insane, but I’m not” hahah. How’s about investment property? Don’t have to live in it, just livable or it’s rentable … On track to slumlording. Just kidding.
After the 3rd week of January crash, I’m wondering I should have a bit more in cash, since the Greek situation will come again in April, May affecting the mood. Also, keep in mice ware is moving into cash position again like he did 2006-2007 before the market cash. I’m wondering what’s up.
>> How’s about investment property? Don’t have to live in it, just livable or it’s rentable …
Believe it or not, I explored it 🙂
I ran the numbers and found that in the HCOL area I Iive in, the cash flow nos do not add up, unless you can go all cash…which I cannot do at this point. I talked to a few people who have properties out-of-state like Oregon and Texas and found that each one of them had some branch of family managing the property and thus reduces the number of out-of-state visits for the owners/investors. I am not ready to take that leap…especially, before my own house is done. So, playing the waiting game….
I also run into this issue if I want to do investment back home in another State where my family are living. It’s difficult to get them to look at property for them, they don’t tell me anything. So, I backed off, if I invest in another property here, I’ll also manage it. I can buy a house for $25K and fix it up, but I’m afraid to go to that area alone 😛 haha… that’s why I haven’t done it.