Month: April 2019

Financial Independence Progress Report for March 2019

/ humblefi / Leave a comment

March 2019 is done….still fighting flu in the family…..flu shots do not seem to be working well this time 😐 But enough of that….lets get on with March.

How much closer did I get to my financial independence targets in March 2019? Lets look at the numbers and find out.

4/02/2019
Emergency Fund 100.0% Done
College Fund 62.54% 64.50%
Passive Income (2018 vs 2019) $1391.30(03/2018) $1211.21 (03/2019)
Retirement Fund 91.00% 94.57%
Roof for our Family($750K) 00.00%
Medical Fund (via HSA) 13.66% 14.12%
Life Insurance Done (term life insurance policy)

Main Takeaways this month

  • Passive Income Stream
    • For part of 2018, I was on a quarterly dividend system that I later converted to a monthly dividend system. Since March is a major dividend paying month in quarterly system, March 2018 beats March 2019.
    • My passive income goal for 2019 is $500 pm or $6000 pa. For 2018, my goal was $12000 which I achieved. So, there will be lots of RED this year 😦
    • But good news is that I have started rebuilding my passive income streams…more on this below!!
  • Emergency Fund
    • My emergency fund rebuilding is done…I achieved 100% of my target.
    • This sets a floor for the next couple of years where recession and a down market can put pressure on finances, cash flow, etc.
    • No more updates on the Emergency Fund from now on…..will let it grow in the background.
  • Additional Investments
    • Investments in taxable accounts
      • Very happy to have re-started  a tax efficient passive income stream
        • VCAIX:
          • Vanguard California Muni
          • Federal and State tax free
          • Got 85 cents (first) dividend in March 🙂
    • Investments in tax-deferred account (IRA)
      • Added to my portfolio in cash…a rainy day investment fund when the next recession comes in and brings down prices
      • Money market is giving a decent 2.4%…so, am getting paid to wait.
      • My goals are to invest in the following order when the chips are down:
        • For IRA cash:
          • VEIPX: Vanguard Equity Income Fund
        • For 401K cash:
          • Dividend growth fund or
          • US large cap equity fund or
          • US total market fund
  • Miscellaneous
    • Nothing. this week.