Financial Independence Progress Report for July 2015

07/31/2015
Emergency Fund ($72K) 100.0% 100.0%
College Fund (80K) 35.00% 35.00%
Passive Income Streams ($4000 pm) $139.55 pm (07/2014)% $319.11 pm (07/2015)
Retirement Fund ($900K) 58.51% 59.10%
Roof for our Family($1 mil) 00.00%
Medical Fund 00.00%
Life Insurance Done (term life insurance payments initiated)

Main Takeaways

  • July is a big letdown w.r.t. dividends compared to June….but, there were no rough spots in July on the personal side. Yeah for that!
    • College fund stayed even again…zero progress for the second straight month is not so good…especially since I pump money into it every month.
    • 401K took a hit in June…so, getting a positive gain in July was good news…not by much, but it is greater than zero ūüôā
  • Passive income for July¬†2015 continued the winning trend vs last year.
    • 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.
    • July¬†Passive Income = (total passive income in this year) / 7== $319.11 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.
  • I made a portfolio change in my IRA…moved some of the profits off to Vanguard REIT Index fund (VGSLX). This is my attempt at investing passively in real estate. I am happy I took this decision….somewhere in September/October time frame, I will think of adding to this REIT pile…I am expecting REITs to go down in ¬†price some more around that time. Lets wait and see!
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4 thoughts on “Financial Independence Progress Report for July 2015

  1. What is good on your dividend reporting is that you bring it to a monthly proportion. I like the idea behind it. Thx for the suggestion. It will be quite some time before I report real dividends. First I will build up further my index portfolio, then I will start on the DGI part.

    Liked by 1 person

    • Thanks for the good words! Housing is a big ticket item…having the expense start early in life is a good thing..it gives you time to chop away the debt slowly over time. I missed out on this one.

      In my IRA (tax advantaged account), I use a total market index strategy. I was surprised to find that in December of last year, I got a solid chunk of dividends from the total market index funds…though, it only comes once a year in December. So, by investing in an index portfolio, you are already in DGI of some sort! Best of luck in your build up.

      Like

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