Financial Independence Progress Report for January 2018

It is already end of January 2018 and a new year is well underway and I just realized once again how time flies. I started writing this blog in July of 2014. My first page was this (About) and my second was this (What is Financial Independence to Me). I had just then started thinking about Financial Independence and freedom from the rat race!

Surprisingly, even after 4 years, the initial goals have not changed at all….which means I was thinking some things correctly 🙂 Every month of new dividends flowing in gets me closer to my goals and motivates me to get every dollar working hard for my freedom. Best of luck for my fellow travelers in the journey of financial freedom…..make every dollar work for you!

That said, lets look at the numbers for January, 2018.

Emergency Fund 100.00% 83.33%
College Fund ($80K) 62.50% 64.47%
Passive Income (2017 vs 2018) $441.42 (1/2017) $755.14 (1/2018)
Retirement Fund 81.03% 82.17%
Roof for our Family($750K) 00.00%
Medical Fund (via HSA) 6.17% 6.17%
Life Insurance Done (term life insurance policy)

Main Takeaways this month

  • Emergency Fund
    • I saw an opportunity to reach my funding target in one of my MUNI funds (VCADX) and just could not resist it. So, I took some of my emergency funds and bought into the fund. It was a momentary weakness to dip into my emergency fund…but hopefully the new dollars will bail me out later in time.
    • More on this later.
  • Passive Income Stream
    • My passive Income for January 2018 is a couple hundred dollars higher than January 2017. This is mostly the result of a push towards adding to my MUNI funds through 2017 and a bit in Jan 2018.
  • Additional Investments
    • Investments in taxable accounts
      • As mention earlier, I invested some emergency fund cash into purchasing MUNIs (VCADX). This fund is both federal and state tax free.
    • Investments in tax-deferred account (IRA)
      • In Dec 2018, I took some profits and set up a a cash fund set up to take advantage of the next investing opportunity. Still in a holding pattern….