Financial Independence Progress Report for June 2015

06/30/2015
Emergency Fund ($72K) 100.0% 100.0%
College Fund (80K) 35.00% 35.00%
Passive Income Streams ($4000 pm) $104.34 pm (06/2014)% $277.37 pm (06/2015)
Retirement Fund ($900K) 59.29% 58.51%
Roof for our Family($1 mil) 00.00%
Medical Fund 00.00%
Life Insurance Done (term life insurance payments initiated)

Main Takeaways

  • 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.

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2 thoughts on “Financial Independence Progress Report for June 2015

  1. 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 $300 closer to retirement than before. With the recent dip, I’m surprised that you didn’t touch the cash pile of yours in the emergency fund at all. :$

    Like

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