Financial Independence Progress Report for April 2019

April 2019 is done….and spring is almost done and summer is close….yeh!! Imagine how it can be if you were already financially independent? Yummy! With that positive thought, lets see how much closer I got to my financial independence targets in April 2019.

4/02/2019
Emergency Fund 100.0% Done
College Fund 64.50% 67.39%
Passive Income (2018 vs 2019) $911.81(04/2018) $1211.94 (03/2019)
Retirement Fund 94.57% 92.52%
Roof for our Family($750K) 00.00%
Medical Fund (via HSA) 14.12% 18.60%
Life Insurance Done (term life insurance policy)

Main Takeaways this month

  • Passive Income Stream
    • For 2018, my goal was $12K per year which I achieved.  My passive income goal for 2019 is $500 pm or $6K per year. The main reason for the lower target was a pending home purchase…but I have still not been lucky in finding a home that fits the needs and budget 😐
    • But good news is that my monthly passive income has been higher than my targets 🙂 In addition, I am rebuilding my passive income streams. So, all in the right direction.
  • Additional Investments
    • Investments in taxable accounts
      • Added to my tax efficient passive income stream via MUNI bonds.
        • VCAIX:
          • Vanguard California Muni
          • Federal and State tax free
    • Investments in tax-deferred account (IRA)
      • Added some more $$ to my rainy day investment fund…for use when the next recession comes and brings down asset 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
          • …..all based on what funds are available in my 401K
  • Miscellaneous
    • Got a super positive surprise for HSA this month.
    • Due to a mistake, my HSA contribution was not getting forwarded to my HSA investment account. It had accumulated to over $4K.
    • Was unhappy that it was not invested…but very happy for the additional $4K!!

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