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July 2012 Cash Flow


Here is our July cash flow. I left my job in July so now these cash flow posts are very important. You can see whether I can stay out of gainful employment or not by following these cash flow posts.

july 2012 cash flow


Income July June
Mrs. RB40’s paycheck 2693 2693
rental income 357 809
online income 144 236
dividend, interest 263 842
p2p 49 62
freelance 695  0
misc 31 156
Total income 4233 4798
Housing -2097 -2097
cash allowance -621 -640
transportation -45 0
pet -5 -62
baby* 0 0
bills -274 -273
medical -15 -60
entertainment 0 -638
misc 0 0
Total expense -3057 -3771
Saving  1176 1028

Income (Target > $4,500)

Mrs. RB40’s paychecks: 2 paychecks

Rental Income: The rentals needed a little work in July so the income was a little less than last month. The dryer vent at the rental home needed cleaning to the tune of $119. The 4 plex needed some minor maintenance work as well.

Side Income: Retire By 40 was pretty slow in June, but we still made a bit of money.

  • media.net (CPC ad network): $0. We didn’t break the $100 threshold in June so no payment in July.
  • affiliate: $145 from commission junction. This is payment for the previous 3 months.
  • Amazon CloudFront: -$1. CDN for the blog.

Dividend & Interest: July was a slow month for the dividend portfolio.

  • Dividend portfolio: $223. LEG, CCJ, GE, and JPM paid out this month.
  • Interest: $40. Pretty pathetic, but it’s better than nothing.

P2P Lending: $49. Currently, I’m getting 11.03% interest from prosper.com. In July, I actually got $89 of interest, but one $40 loan was charged-off. My target is $100 by the end of 2012.

Freelance: $695. Now that I’m not working full time anymore, I am able to freelance for a little extra income.

Misc.: $31 from the Chase Southwest airline card.

Expenses (Target < $4,000)

We didn’t spend much money in July. This is probably the lowest we can go without moving. Summer is great in Portland because there are so many free events we can go to. We have been to a bunch of concerts and festivals and didn’t really spend any money on entertainment.

July Cash Flow

Overall, July went pretty well. We didn’t have any emergencies and things are still looking well for my early retirement.

july 2012 surplus

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.

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{ 30 comments… add one }
  • William @ Drop Dead Money August 3, 2012, 6:41 am

    For dividend income, have you considered an mREIT like Annaly (NLY) which pays around 12% per year? I think (not sure) they pay monthly dividends. I don’t have any and this is not a pitch, but it is something I’m looking at. I do know several preference shares, all paying approx. 8% per year. Those don’t grow, but they’re pretty safe.

    Just a thought. Or two… 🙂

    • retirebyforty August 3, 2012, 3:39 pm

      I’ll do a little research. I have a few shares of AGNC in my tax protected account and it’s doing pretty well.

      • Jason D August 15, 2012, 8:30 pm

        Check out
        QRE – July Dividend
        NMM – August Dividend
        AGNC – September Dividend
        ARR, AOD – Monthly

        I don’t trust AOD to much but it is a way to have monthly dividends in the over 10% range.

  • John August 3, 2012, 7:31 am

    I think I did okay for the month of July. My wife worked at two camps, so her paycheck was increased a bit! That was nice, but I know that we cannot rely on that since her regular job starts again. Good job on the positive cash flow, though!

    • retirebyforty August 3, 2012, 3:39 pm

      It’s great to make a little more money, doesn’t it? 🙂

  • SavvyFinancialLatina August 3, 2012, 7:51 am

    What is the CPC ad network?

    • retirebyforty August 3, 2012, 3:41 pm

      It’s the ads on top of the posts. I use media.net, but many people use Google Adsense. If you have enough traffic, you can make pretty good income from CPC ads. You get paid each time someone clicks on the ad.

  • Financial Samurai August 3, 2012, 8:34 am

    Good stuff! Your cash flow is the same whether you work or not because you never included your income in the first place.

    Enjoy retired life.

    Stay at home men of the world, UNITE!


    • retirebyforty August 3, 2012, 3:42 pm

      Yeap! These are the real numbers now with no asterisk.
      I hope you are having a good time being self employed. 🙂

  • 20's Finances August 3, 2012, 8:40 am

    It’s nice to get rid of the asterisk about daycare. That’s a huge savings in quitting your dayjob and it’s nice that you can have a positive cash flow by 1k after stopping. Since you are well diversified, it doesn’t seem to be any risk of losing that anytime soon.

    • retirebyforty August 3, 2012, 3:46 pm

      The daycare was nice, but I’m glad he doesn’t go anymore. He was sick all the time and never had the chance to gain weight. Now he’s doing much better. Hopefully I can continue with the positive cash flow. Thanks for the encouragement.

  • Veronica Hill August 3, 2012, 9:56 am

    If you grow a following, you can make additional online income by reviewing great products and letting people purchase them with your affiliate id. In my opinion, there is absolutely nothing wrong with recommending great products to friends and making some money at the same time.

    • retirebyforty August 3, 2012, 3:48 pm

      The affiliate links are making minimal income for me right now. The Mint.com link at the end of this post is an affiliate link. I’ll keep this in mind and see if I can find more great products. 🙂

  • I had a decent month but update my net worth on the 15th of every month aovill be able to tell you better then… what type of freelancing work do you do?

    • retirebyforty August 3, 2012, 3:50 pm

      I’ll keep an eye out for your update. I’m doing some writing and consulting, just a little bit of work.

      • Lance @ Money Life and More August 3, 2012, 4:02 pm

        Ah, I just update it personally. I haven’t started posting it online yet… not sure if I’m comfortable with that info being online.

        • retirebyforty August 3, 2012, 11:45 pm

          I’m not comfortable posting our net worth online either. That’s too much information to share for me.

  • Kathleen @ Frugal Portland August 3, 2012, 12:31 pm

    lookin’ good, Joe!

  • Kim August 3, 2012, 7:34 pm

    Just curious, do you still get up and go to bed at the same time and stay on a regular schedule now that you’re retired? It must be a nice feeling. I finally got my blog up and running in toddler mode anyway. Check it out if you have time.

    • retirebyforty August 3, 2012, 11:47 pm

      I usually go to bed around midnight to 1am these days. I get up whenever baby RB40 gets up, usually around 7am. Then I take a small nap with him in the afternoon. I can’t get anything done when baby is awake so I have to wait for him to go to bed before I can work on the blog. I’ll check out your blog. 🙂

  • Well Heeled Blog August 4, 2012, 8:08 am

    Lookin’ good! I hope you are enjoying this time with Baby Rb40. Are you pursuing any hobbies / personal interests now that you don’t have a 9-5 anymore?

    • retirebyforty August 5, 2012, 12:31 am

      Thanks. I am having a great time with baby, but I don’t have time for anything else. He doesn’t like it if I don’t pay attention to him. I’ll have to train him to be more independent soon.

  • Broke Professionals August 4, 2012, 5:58 pm

    I do want to see a post from you on how the non-money elements of your life have changed now that you’re home! I hope you’re enjoying it, and the additional time with your family. How is Mrs. RB40 handling having you home so much?

    • retirebyforty August 5, 2012, 12:33 am

      I am enjoying it for the most part and I’ll put that post on my list. Maybe I can do it next week.
      Mrs. RB40 is happy with it in general. She is working so I’m not in bother her much in the day time.
      I vacuum, cook, do laundry, and cook more now so I think she likes that.

  • Crystal @ Prairie Ecothrifter August 5, 2012, 4:01 pm

    Congrats on bringing in more than what’s going out. 🙂 Your freelancing income is impressive! I looked into Peer to Peer lending but Texas makes it difficult. I am hoping rental income starting in October will become our passive income over time…

    • retirebyforty August 6, 2012, 12:45 am

      Thanks! I just need to keep this up. Good luck with the rental.

  • RichUncle EL August 6, 2012, 8:32 am

    Congrats on the extra income, Freelance income if maintained can be beneficial for your family.

  • Virginia August 16, 2012, 6:18 am

    It is good to see that you can still save even though you aren’t working.

  • James August 18, 2012, 11:24 am

    Hey RBF,

    Good posting – do you have any goals for where you want income from your blog and rental properties to go? Inflation is probably a little bit higher than official statistics represent, so it would be interesting to get your thoughts on how you’re going to grow your income.



    • retirebyforty August 18, 2012, 9:14 pm

      I’m hoping the rental income will outpace inflation, but we’ll have to see how it goes. I don’t know about online. If I can keep building more sites and increasing traffic, then hopefully that income will increase too.

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