Financial Independence Progress Report for August 2018

Delayed update this month as I was out of town on work matters. But, August is done and so is 66% of the year 2018….somehow the year seems to have slipped by stealthily!! How much closer did I get to my financial independence targets? Lets look at the numbers for August and find out.

9/01/2018
Emergency Fund 20.73% 24.21%
College Fund 55.80% 56.98%
Passive Income (2017 vs 2018) $535.78(8/2017)ย $1244.20 (8/2018)
Retirement Fund 87.38%ย 87.91%
Roof for our Family($750K) 00.00%
Medical Fund (via HSA) 9.79% 10.18%
Life Insurance Done (term life insurance policy)

Main Takeaways this month

  • Passive Income Stream
    • My passive Income for August 2018 is much higher than August 2017. It is expected to be so ๐Ÿ™‚
      • In March an April, I redistributed where my funds are invested. Cashed out some gains and converted quarterly dividends to monthly and more importantly more stable and tax efficient monthly dividends.
      • The June, September and December dividends are going to be much less. But, the total dividends for the entire year will be higher though.
      • Compared to this time last year, the total dividends this year through end of August is 29% moreย than 2017….just distributed differently.
  • Additional Investments
    • Investments in taxable accounts
      • Nothing new to report here as I am out of cash ๐Ÿ˜
      • Unplanned vehicle maintenance has taken a chunk of money out of emergency funds again. So priority is to rebuild my emergency fund.
    • Investments in tax-deferred account (IRA)
      • No cash here too ๐Ÿ™‚
  • Miscellaneous
    • Nothing.
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