|Emergency Fund ($72K)|
|College Fund (80K)|
|Passive Income Streams ($4000 pm)|
|Retirement Fund ($900K)|
|Roof for our Family($1 mil)||00.00%|
|Life Insurance||Done (term life insurance payments initiated)|
- For me, June is the second biggest month for passive income. So, when I wrote the progress report for May 2015, I was eagerly waiting the end of June. But, June has its own ideas…it was a rough month on the personal and professional side for me and looking at the FI progress report, it looks like FI progress also has some rough spots.
- College fund stayed even…which is great news actually considering the performance of the stock market this month. But, still, zero progress was depressing.
- 401K took a hit in June….especially after a great month of May. A 1% drop is a chunky drop and that stings.
- Passive income for June 2015 increased quite well in comparison to June 2014, even though the mutual funds did take a hit to the principal. This was the only bright spot this month.
- I compute Passive Income per month as (total passive income in this year) / number of months completed this year.
- Total passive income is a sum of dividends + capital gains distributions.
- June Passive Income = (total passive income in this year) / 6 == $277.37 pm.
- Doing it this way keeps the monthly passive income more realistic because I can instantly know which of my monthly expenses are covered by this amount. I keep a separate tracker for this which I will write about at a later date.
My investments went a bit down this month. So, I am going to look at my mutual fund investments this month and see if there are any investment opportunities to dollar cost average down the cost. More on this later.
2 thoughts on “Financial Independence Progress Report for June 2015”
With the current markets and world issues, i think most people will have the opportunity to pick up some assets at a price they like.
I am curious to see my own report
I wouldn’t worry about the dip in 401k, because I can’t touch the money until I turn 67 or convert to Roth IRA (after quitting my job) or cash out. For now, I actually enjoy the dip, so I can continue to buy at cheaper price.
Close to $300 in passive income is $300 closer to retirement than before. With the recent dip, I’m surprised that you didn’t touch the cash pile of yours in the emergency fund at all. :$