I left my job in July and August is my first full month of retirement. We did pretty well this month and I can stay retired for now. 🙂
|Mrs. RB40’s paycheck||2,618||2,693|
Income (Target > $4,500)
Mrs. RB40’s paychecks: Baby RB40 and I signed up with Mrs. RB40’s employer sponsored health insurance. It will cost $150 per month extra, but that’s really not bad at all. Health insurance is a huge problem for early retirees who are not qualified for Medicare yet.
Rental Income: This is the best month so far with the rentals. I would love to see this every month, but I know that’s not going to be the case for a while. We need to paint the 4 plex and fix a drainage issue to the tune of around $6,000 before the rainy season starts.
Side Income: Retire By 40 did quite well in August. We won’t see the payment for August until the end of September.
- media.net (CPC ad network): $208. This is the payment for June and July.
- affiliate: $0 from commission junction. We actually made $65, but CJ will pay out in September.
- Amazon CloudFront: -$1. CDN for the blog.
Dividend & Interest:
- Dividend portfolio: $403. AT&T and ABT paid out this month.
- Interest: $40. Pretty pathetic, but it’s better than nothing.
P2P Lending: $102. Currently, I’m getting 11.75% interest from prosper.com. This is the first month we broke $100. I like it, but I know it will be up and down for a while because of the defaults. Currently, I have 4 loans that are over 30 days late and are likely to be charged off.
Freelance: $1,147. Now that I’m not working full time anymore, I am able to freelance for a little extra income.
Misc.: $200. Gift from Mrs. RB40’s dad. This will go toward baby RB40’s 529 plan.
Expenses (Target < $4,000)
Cash Allowance: $934. Our cash allowance is a bit high this month because we had a lot of Fridays (that’s when we get our weekly allowance.) Mrs. RB40 also gets extra cash for being a chief editor and was paid for both July and August in this cycle.
Transportation: $141. I only filled up the car once in August, but I shelled out $105 for the street car annual pass. The free public transit zone will disappear on September 1st and I need at least the street car to get around the city.
Bills: $333. I got more minutes for our tracfones and we should be good for around 3 months. This category should go back down to around $275 next month.
Entertainment: $54. Mrs. RB40’s friend won the Toastmasters International speech contest (World Champion of Public Speaking) so she wanted to get the DVD ($30.) I spent $24 on baby RB40’s pictures and a photobook from Shutterfly.
July Cash Flow
Overall, we did very well in August. Our expense category was a bit high, but the income was good so I’m not going to worry too much. We should see the expense go down a bit next month even with our trip to Denver for FinCon.
- Things are going well so far in 2012.
How about you? Did you have a good month?
If you need some help keeping track of your finances, you should try using Personal Capital to manage your budget. It’s a great free budgeting tool. You can keep track of your income, expenses, and net worth, all in one place. Personal Capital is geared for investors and have many great tools. See my review of Personal Capital and how they helped me reduce what I’m paying in investment fees.
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.