Financial Independence Progress Report for April 2015

04/30/2015
Emergency Fund ($72K) 100.0% 100.0%
College Fund (80K) 33.15% 34.54%
Passive Income Streams ($4000 pm) $71.84 pm (04/2014)% $172.40 pm (04/2015)
Retirement Fund ($900K) 56.55% 58.82%
Roof for our Family($1 mil) 00.00%
Medical Fund 00.00%
Life Insurance Done (term life insurance payments initiated)

Main Takeaways

  1. Stock funds seems to have bounced back this month. And so has the 529 fund.
  2. Passive income for April 2015 increased in comparison to April 2014.
    • I compute passive income per month as (total passive income for the year) / number of months completed in year. So, for April, it would be (total passive income for the year) / 4. Doing it this way keeps the monthly passive income more realistic.
    • But, $172 pm is far far away from $4000 pm which is my target 😦
    • Compound Income…please hurry up!!

Financial Independence Progress Report for Mar 2015

03/29/2015
Emergency Fund ($72K) 100.0% 100.0%
College Fund (80K) 33.20% 33.15%
Passive Income Streams ($4000 pm) $41.48 pm (03/2014)% $125.42 pm (03/2015)
Retirement Fund ($900K) 56.35% 56.55%
Roof for our Family($1 mil) 00.00%
Medical Fund 00.00%
Life Insurance Done (term life insurance payments initiated)

Main Takeaways

  1. Stock funds, in general, have not done well. 529 funds went down and Retirement fund barely moved.
  2. Passive income for March 2015 increased in comparison to Mar 2014. The main reason is an extra infusion of capital last year. But, I will take the money…however it comes.

Financial Independence Progress Report for Jan 2015

Starting this year (2015), I have changed the tracking method for Passive Income to real dollars per month in passive income rather than percentage values. I.e. I am taking the cumulative passive income received this year and dividing them by 12 months. I removed the percentage tracking because percentage increases may make me feel good, but it is real dollar amount increases that shows reality. Amount per month looks puny at the beginning of the year…but lets keep it real hey 🙂

01/31/2015
Emergency Fund ($72K) 100.0% 100.0%
College Fund (80K) 31.04% 31.46%
Passive Income Streams (target=$4000 pm) $30.36 pm (01/2014)% $46.41 pm (01/2015)
Retirement Fund ($900K) 53.91% 53.34% (lost a step)
Roof for our Family($1 mil) 00.00%
Medical Fund 00.00%
Life Insurance Done (term life insurance payments initiated)