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August 2018 Goals and Financial Update


August 2018 Goals and Financial UpdateI already said this once, but I’ll say it again because it feels so good. Woohoo! School is back in session. I love it. RB40Jr (our son) isn’t enjoying it much, though. He always has a tough time with the transition back to school. While 2nd grade is better than the previous years, he still had a rough first week. He complained that the new teacher gives the kids so much work. He said, “I need more time to get used to school again.” Also, his hearing impairment is a much bigger issue in class than at home. RB40Jr doesn’t hear very well in his left ear. We got him a hearing aid, but it really hasn’t helped much. As common with sensorineural hearing loss, he is sensitive to loud noises. It’s too loud when all the kids are talking at once and he gets a big headache. Being 7 isn’t easy. We’ll meet with our audiologist and school counselor to see if there is anything we can do to improve the situation.

Things are great on my side, though. I’m easing back into my regular routine and the first week went very well. This school year, I’m adding a new habit into my schedule – intermittent fasting. Rather, I’m taking out breakfast. I drink coffee and then just keep busy until noon. It’s been surprisingly easy so far. My SAHD routine is busy in the morning so I don’t have time to fixate on food. We’ll see if I can keep this up. I’ll try intermittent fasting for a month and see how it goes. The main goal is to get a bit leaner. On the weekends, I eat like normal. On the chart below, I fast during the Yellow hours. You can check back next month to see if I lost any weight. Today, I weigh 138.6 lbs.

 SAHD schedule

On the financial front, August was meh. Our net worth increased a bit and the cash flow was okay last month. Our income was lower than usual, but that’s just due to a delay in payment processing. The expense was under budget so we’re good there. Not much excitement in August.

Okay, I’ll go over my 2018 goals first and then share the details of our cash flow in August.

2018 Goals

This is my goal scheduling spreadsheet. Last year, I found that I needed to start these goals in the first half of the year. If I waited until summer, they just won’t get done. 2018 isn’t looking too good because the goals are more ambitious than previous years. You can get a quick status update from the chart and see the details below.

2018 goal sheet

Financial Goals

  1. Increase our real estate crowdfunding investment to $100,000. August was a great month with real estate crowdfunding. All my projects paid out and we collected $552! That’s really good. Why can’t it be like this every month? You can read more about my investments at my real estate crowdfunding page. Sign up with RealtyShares and see what projects are available.
  2. FI ratio > 100%. The FI ratio is passive income divided by expense. So far, our FI ratio is 70for 2018. This year is not looking good because our expense is higher than normal due to a major home repair and a pricey vacation. Some years are just harder than others. This year is going to be one of those and we need to learn from it.
  3. Increase bond/cash allocation to 30%. Going to 30% bond/cash will beef up our opportunity fund. This is very slow going because I’m not in a big hurry. Currently, our bond/cash allocation is up to 23%. That’s not too bad. The US economy is doing pretty well so I might delay this change for a while.
  4. Travel hack 100,000 points. Finally, we finished a goal! We signed up for some new cards and use them to pay for the home repair and vacation. These points will come in handy for our vacation next year. It’ll probably be Argentina or the Bahamas.

Blog Goals

  1. Minor Redesign RB40. This one is really difficult to do because I can’t seem to budget time for it. It’s already tough to write and keep the site running. In May, I switched the site to https. That’s a big part of what I wanted to do this year. In August, I started working on the banner and logo. I’ll probably ask your opinion on Twitter soon so keep an eye out for it.
  2. Blog 12 times at Fit by 40. This one is way behind now. I’m just not motivated to write about fitness this year even though I’m keeping a log for intermittent fasting. That’ll be good material when I’m ready to write about fitness again. For now, I’ll keep FB40 as a test site for the redesign. You can see how I started the site here – How to Start a Blog and Why You Should.
  3. Blog revenue $100,000. This one is going to be very difficult so I’m grading it on the academic system. Also, I changed the goal from blog “income” to blog “revenue.” Income is after taxes and expenses. Revenue is just gross income. The blog generated $58,068 so far in 2018. That’s really good. You can see more detail on my Blog Income page.

Personal Goals

  1. Join Toastmasters. I visited a local club and it was a good experience. However, there are too many things going on right now. My mom needs help with her health. Also, school is out so I’m spending more time with RB40Jr. When school was out during the summer, I spent more time with RB40Jr. I just can’t squeeze Toastmasters into my schedule. This will have to be put off until RB40Jr is a lot more independent.
  2. Not paying for leaf removal. Showdown in November.
  3. Consolidate down to one property. We plan to move into our rental duplex and sell off the other 2 properties. This one will definitely take more than one year. I changed the due date to 2020.

Fun Goal

  1. Visit Iceland. Iceland was incredible. I got some nice pictures so check out my Iceland trip report

Net Worth (+3.1% YTD)

I’ve been tracking our net worth since 2006 and it is very motivating to see the progress we’ve made. 2018 has been uneven for us. The US stock market is doing well, but bonds and international equity are down. Our net worth is up 3.1% since the beginning of 2018. That’s a little lower than I’d like, but I’m fine with it. At this point, I’m being more conservative and I don’t mind giving up some gains.

My bet with Warren Buffett – I’ll benchmark our net worth against VFINX for 10 years starting in 2018. VFINX is up 8% since the beginning of 2018. Our net worth is up just 3.1% so we’re a bit behind. Our net worth is diverse so it does better when the market drops. It’s early in the race yet. Also, I haven’t updated our property prices in over a year so that part of our net worth is probably a bit low.

Here is a graph of our net worth on Personal Capital. 2018 has been lackluster.

2018 net worth

*Sign up for a free account at Personal Capital to help manage your net worth and investment accounts. I log in almost every day to check on my accounts and cash flow. It’s a great site for DIY investors.

2018 Passive Income ($32,036 YTD)

Here is a quick summary of our passive income. You can see all the details on my new Passive Income page. We had a slow start in 2018 because one of our rentals was vacant for the first 2 months. It’s occupied now so the passive income is looking better. Hopefully, it’ll be smooth sailing for the rest of 2018.

2018 Passive Income

The only trouble spot now is P2P lending. We’re seeing more defaults and the interest payments aren’t enough to overcome the hits. If we reinvest in P2P lending, it would look better. However, I like real estate crowdfunding much more so I’m investing new money there.

August 2018 Cash Flow

Our cash flow was okay in August. The take home income was a little below expectations, but that is due to a delay in payment processing. My blog income should be higher next month as they catch up. On the expense side, we came in under budget. Actually, we spent more than I’d like, but we’re in the green so I can’t complain. You can see the detail in the spending section.

Here is my Sankey diagram for a quick look.

August 2018 Cash flow

Take Home Income (target > $10,000)

For 2018, our monthly take-home income target is $10,000. We didn’t meet that goal in August. Our take home was $7,594 after tax and retirement savings. (I had to put retirement savings in the expense column in the Sankey diagram.)

  • Mrs. RB40’s paychecks: $5,593.
  • Blog Income: $4,154. You can read more details on my Blog Income pageRB40Jr is on the payroll now as model and photographer. The income will go straight into his Roth IRA. I’m excited to see how this experiment will turn out.
  • Rental Income: $927. All our rentals are occupied and we didn’t have any big repairs last month. Read more at the Rental Property Passive Income page.
  • Dividend Income: $750. More details at my Dividend Passive Income page.
  • Real estate crowdfunding: $552. We’re finally getting some traction here. Read more at my Real Estate Crowdfunding Passive Income page.
  • Prosper P2P lending: $27.
  • Interest Income: $20.

Monthly Expenses (target > $4,800)

For 2018, our monthly spending budget is $4,800/month, an increase of $300 from 2017. This does not include contributions to 401k, Roth IRA, and college savings. This year has been really tough and we went over budget many times already. We came in under budget in August, at $4,403. We need to do better to improve our FI ratio for 2018.

  • Housing: $2,365. Our housing expense is getting spendy. This category is over 50% of our expense most months. This includes mortgage, HOA fees, and property taxes.
  • Groceries: $608. We spent a bit more on groceries this month. My brother came to visit for a week. We made lots of food and spent more than usual. Here are some of the photos we took last month.

Temaki sushi hand roll

Temaki sushi. This time we had spicy tuna and California hand rolls. These are way easier than the normal sushi (maki) rolls. Making sushi at home is much easier this way.

Avocado toast onion pie kale salad

Mrs. RB40 made brunch – avocado bagel toast with freshly picked baby arugula, smoked salmon bagel, and an egg. Mmmm… Brunch at home is the best. Why stand in line when you can have it at home? She also made an onion pie and kale salad. These tasted way better than they sound.

okra curry grilled ham and cheese

Bhindi masala – okra curry. I really enjoyed this one. The okra curry turned out really well, no slime at all. The last one here is an emergency grilled ham & cheese sandwich that I made for lunch. I didn’t have any leftovers in the fridge that day so I had to scrounge around. Follow me on Instagram if you’d like to see more of my unglamorous early retirement lifestyle.

  • Cash: $0.
  • Transportation: $52. We share one car and we usually don’t drive much. This is one tank of gas, parking, and a car wash.
  • Kid: $96. Soccer season started and we needed to get new cleats and a new ball. We also purchased some back to school supplies for him.
  • Pet: $0.
  • Bills: $217. Electricity, credit card annual fee, and insurance (auto, home, term life, and umbrella.)
  • Health: $26. Gym membership fee.
  • Travel: $254. Mrs. RB40 booked a ticket to go see her family in October.
  • Clothing: $726. Mrs. RB40 purchased a few nice items for work. We also purchased a few things for our son and my mom.
  • Misc: $22. I took my mom to get a haircut.
  • Pre-Tax Savings: $3,430. I contributed $2,000 to my 401k. Mrs. RB40 contributed $1,430 to hers.
  • Extra Savings: $3,191.

Extra Savings 2018: $36,219

2018 is going very well and our extra savings totaled $36,219 so far. We sent a bunch of money to the IRS in April so that put a dent in the opportunity fund. I didn’t send in estimated tax payments last year so we owed the tax man. I’ll do a better job this year and try not to owe as much.

Here is what I plan to do with our opportunity fund in 2018.

  • Invest more in real estate crowdfunding. I just invested $12,000 in a student housing project.
  • Pick up some dividend stock if I see a good deal. I purchased 50 shares of PM in April.

August 2018 Wrap Up

August was meh for me. We did okay, but it could be better. The number should improve next month once my delayed payment comes in. We’ll need to watch our spending for the rest of 2018 and try to improve our FI ratio. Summer is always a little rough because income drops while spending increases. Fall and winter are usually much better.

Did you have a good August? Any big plan for next month?

*Sign up for a free account at Personal Capital to help manage your investments. I log in almost every day to check on my accounts and cash flow. It’s a great site for DIY investors.

Disclosure: We may receive a referral fee if you sign up with a service through the links on this page.

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Joe started Retire by 40 in 2010 to figure out how to retire early. He spent 16 years working in computer design and enjoyed the technical work immensely. However, he hated the corporate BS. He left his engineering career behind to become a stay-at-home dad/blogger at 38. At Retire by 40, Joe focuses on financial independence, early retirement, investing, saving, and passive income.

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.

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  • Michael @ Financially Alert September 3, 2018, 12:41 am

    Oooh, that looks like a tasty handroll, Joe!

    Glad to hear RB40Jr is back in school. My daughter just started 1st grade this year and she loves it so far… I’m wondering if my son will like school as much as sis though when he’s her age.

    Anyhow, our August was okay. We still increased NW a bit, but cash flow was tight with some major repairs on one of our Vegas properties (water heater and roof). Hopefully, that’ll stabilize out soon.

    • retirebyforty September 3, 2018, 8:55 am

      The sushi handrolls were awesome. We ate a bunch.
      I don’t know why our son dislikes school so much. He has fun with friends while he’s there. I guess he just like doing his own things better. A FIRE candidate for sure. Good luck with the rentals.

  • Ernie Zelinski September 3, 2018, 12:56 am

    So sorry to hear about your son’s hearing problem. That must be really difficult to deal with, particularly at such a young age. In school I had to deal with really bad eyesight (not as bad as a hearing problem because bad eyesight can be corrected with strong glasses) and throughout a large part of my adult life. But about 15 years ago I was diagnosed with cataracts. After the operations to both of my eyes I lucked out, not needing glasses for driving or for reading. At the age of 69, I am really grateful to have excellent hearing given that a few of my friends have hearing problems.

    I did better on one account in August than you did. My total car gas bill for my two cars was $42.86 Canadian. (I hardly ever wash my cars being too lazy to drive to the car wash.)

    And what the heck, Monday being Labor Day, here are some of my favorite quotes relating to work:

    “Men of lofty genius are most active when they are doing the least work.”
    — Leonardo da Vinci

    A lot of us are working harder than we want, at things we don’t like to do. Why? It figures! In order to afford the sort of existence we don’t care to live.
    — Bradford Angier

    “Getting a job and trading your time for money may seem like a good idea. There’s only one problem with it. It’s stupid! It’s the stupidest way you can possibly generate
    income! This is truly income for dummies.
    — Steve Pavlina, Author Personal Development for Smart People

    “The work ethic is a terrible mistake — a cute term gone haywire.”
    — from “The Lazy Person’s Guide to Success”

    “It’s better to do a sub-par job on the right project than an excellent job on the wrong project.”
    — Robert J. Ringer

    “People who observe no limits in attempting to get work done aren’t nearly as smart as they think. Hard work can be done by any fool. But to be highly productive and still have plenty of time to rest and play — this is where true genius resides.
    — from “Career Success Without a Real Job”

    “The really efficient laborer will be found not to crowd his day with work, but will saunter to his task surrounded by a wide halo of ease and leisure.”
    — Henry David Thoreau

    “Leisure is the time for doing something useful. This leisure the diligent person will obtain, the lazy one never.”
    — Benjamin Franklin

    “The morality of work is the morality of slaves, and the modern world has no need of slavery.”
    — Bertrand Russell

    “Perpetual devotion to what a man calls his business, is only to be sustained by perpetual neglect of many other things.”
    — Robert Louis Stevenson

    “Sometimes it’s important to work for that pot of gold. But other times it’s essential to take time off and to make sure that your most important decision in the day simply consists of choosing which color to slide down on the rainbow.”
    — Douglas Pagels

    • retirebyforty September 3, 2018, 8:57 am

      I usually go to the carwash once every 6 months or so. Our car is just so dirty compared to all the other parents. I know, competing with the Jones… Thanks for the quotes on this Labor Day. They’re great.

  • Mr. Tako September 3, 2018, 1:26 am

    Nice looking temaki Joe! It really is an easier way to do sushi at home.

    You said your August was just OK, but it looks pretty good to me. You spent less than you made, in my book that’s a decent month!

    Our son starts kindergarten in a week. I think I’m more nervous about it than he is! Looking forward to having more free time though!

    Sorry to hear that your son’s hearing problem is causing him trouble at school. Kids are pretty adaptable, I’m sure you guys will find a way to make it work. 🙂

    • retirebyforty September 3, 2018, 8:59 am

      Thanks! Previously, I made maki and it always took forever. That’s too much effort and I haven’t made sushi lately. Temaki rolls are much easier to make. Decent means OK, right? 🙂
      I’m looking forward to reading how kindergarten goes for you.

  • Financial Verdict September 3, 2018, 1:46 am

    From following your blog, it’s clear RB40JR had a fantastic summer. Sorry to hear that the transition back to school for him is compounded by a hearing problem. I’m sure he’ll find a way to adapt and thrive.

    Looks like your August ended up pretty well to me. A 70% FI ratio is not bad – a long way there to FI!

    I’m happy to have contributed in a small part in launching my blog last month using your helpful guide and affiliate links. Thank you very much for the time you put in putting that together!

    Hoping you, the Mrs. and RB40JR are having a great Labor Day weekend!

    • retirebyforty September 3, 2018, 9:07 am

      70% FI ration is not bad at all, but it’s a big drop from 2017. We had over 100% last year. 🙁
      We’ll need to be over 100% for a few years to be truly FI. Thank you for using my link! I really appreciate it.
      Have a great Labor Day.

  • WTK September 3, 2018, 3:16 am

    Hi RB40,

    Awesome August 2018 for you. August 2018 has been a good one for me.

    Hope you have a good one in the months and years to come.


  • Accidental FIRE September 3, 2018, 3:23 am

    Nice Joe, your blog keeps on raking it in!

  • Buy, Hold Long September 3, 2018, 4:06 am

    Very nice overview. Looks like it has been a busy month for you. Now that you have more time to yourself seeming school is back, it should free up more time to dedicate towards the blog!

  • Xrayvsn September 3, 2018, 6:02 am

    Hey Joe,

    That sushi looks amazing. I remember the days I used to make sushi back in college. It was a great economical way to eat really well.

    Again sorry to hear about your mom. Toastmasters is something that you should take part in. My girlfriend used to have issues with public speaking and was completely transformed by toastmasters.

    She now leads presentations at work and much more interactive at social gatherings.

    Hope the rest of the year doesn’t end up being meh for all of us.

    • retirebyforty September 3, 2018, 9:08 am

      TM just doesn’t fit in my schedule at this time. Taking care of family members is a lot of work.
      I hope to join at some point.

  • Ms. Frugal Asian Finance September 3, 2018, 7:19 am

    I just heard about intermittent fasting on Choose FI yesterday. I’ve always had breakfast. Sometimes though I do skip it and have to make up with a big lunch @[email protected] Keep us posted on how it goes with the new diet!

    • retirebyforty September 3, 2018, 9:09 am

      I seem to be doing okay with IF so far. Having big lunches is okay.
      We’ll see how it goes. BTW, it’s not a diet. It’s a new habit. 🙂

  • FIRECracker September 3, 2018, 8:00 am

    Wow! Nice work on the blog income! Even if you don’t reach your 100K goal, 70-80K would be amazing anyways. It always boggles my mind when you can get paid to do what you love once you no longer need the money. When you do need the money, doing what you love = starving artist/writer.

    Best of luck with the rest of the year and hope you hit your goals!

    • retirebyforty September 3, 2018, 9:12 am

      Thanks! I’ll keep working on it. I’m still amazed as well. It feels like I’m living the dream. Well, it would be better with more travel, but my life is still better than most. It’s good.

  • Lily September 3, 2018, 8:45 am

    Weeeee! 3.1% increase in net worth is meh?! I think that’s great though!

    The first week of school is commonly tougher because you gotta adjust to things after things, it’s quite normal. If he’s complaining still mid-year then there might be some school stress indicators. I had school stress all year around, but first week stresses are normal.

    Happy labor day to you and family!! No school today!!

    • retirebyforty September 3, 2018, 9:14 am

      3.1% year to date. It’s not good, that’s barely beating inflation.
      Usually, he adjusts and stops complaining about school after a month or so. He didn’t like it, but he knows he had to go. We’ll enjoy the day after we do some yard work at the rental. Happy Labor Day!

  • Angela @ Tread Lightly Retire Early September 3, 2018, 9:09 am

    School doesn’t start around here until after Labor Day. I can totally relate to loud noises bothering my hearing. Funny how hearing loss makes you MORE sensitive to some noises. Doesn’t seem fair. Hope the school can do something to make things easier for him. I feel for the little guy.

    • retirebyforty September 4, 2018, 10:36 am

      I read that your ears try to compensate for the hearing impairment by turning the sensitivity up to the max. This helps in low volume situation, but many people with hearing loss have loudness discomfort. I feel bad for him too, but I don’t know what we can do to help. I’m reaching out to the disability counselor and audiologist. It’s a slow process.

  • JC September 3, 2018, 9:27 am

    Happy to hear the travel hack is working out well! Chase Sapphire is getting tougher now with a 4-year min to reapply. The Amex Platinum gets you into Centurion lounges, which are a nice way to get a meal at the airport / US Open. South America travel during our Winter months has been a bucket list goal of mine. I want to save up for a business class fare but I’m so thrifty I almost always rather have 2x coach trips 🙂 I hope Jr is excited about going back to school and gets some homework you both can work on together.

    • retirebyforty September 4, 2018, 10:37 am

      Whoa, 4 years to reapply? I’m out for a while. I don’t like Amex Platinum. The annual fee is too high. I’ll have to read up on it. They probably reimburse it somehow.

  • Susan @ FI Ideas September 3, 2018, 10:57 am

    Intermittent fasting is something that is on my radar, just like travel rewards are. Both are new to me. I’ve just started with the Chase Sapphire and I’ve got 56,000 points. Time to refer my husband I guess. I need to read up on step 2, ha ha.

    I’m sorry about your son’s hearing problem. That is so tough, and being only in 2nd grade, it makes me a bit sad. But many times, these are the challenges that sometimes spark greatness. I hope it is for him.

    • retirebyforty September 4, 2018, 10:38 am

      Great job with the Chase Sapphire. We did that last year and it was great. This year, I’ll have to find a different card.
      Thanks. We’ll try to help our son with his hearing problem.

  • Lazy Man and Money September 3, 2018, 1:19 pm

    It looks like a pretty good August to me. I also felt the pinch of clothes spending with back-t0-school and my wife and I upgraded our wardrobe during all the sales. A lot of the time I was getting a $100 retail shirt for around $25. I’m not sure if the fair price should have been $100 to start, but I think $25 was a bargain.

    My wife has done well with the intermittent fasting. I have done it on and off. I have trouble sticking to it with my schedule. I’ve been trying to start off the day by eating some fried eggs, cheese, and deli meats – something with no carbs. I try to end the day with a smaller meal/snack. That’s been a little easier to stick to.

    • retirebyforty September 4, 2018, 10:40 am

      That’s a pretty good deal. These days I prefer quality too. Spending a little more, but less frequently is a good strategy.
      Thanks for sharing your experience with IF. Fasting on the weekdays works okay for me so far. It’s not difficult. I don’t fast on the weekend because everyone is around and eating.

  • The CFO September 4, 2018, 5:03 am

    Loved this post as I am living the back to school now as well! And also loved the insight into how your investments are doing. I am tracking +9% YTD, which is pretty good as I target 8% full year. Just hoping now that the escalating trade war doesn’t blow me out of the water.

    • retirebyforty September 4, 2018, 10:41 am

      Good luck with school. Right. I don’t know how the stock market will perform over the next 5 years. It might be flat for a while.

  • Doc G September 4, 2018, 7:28 am

    Ok. Now I’m hungry again.
    As you know, my daughter has the same issue with hearing. We have her in a private school for various reasons. her class size is much smaller which makes things easier.

    • retirebyforty September 4, 2018, 10:42 am

      We might have to think about that. He said the class is too noisy and I can understand that. 30 kids talking at once must be pretty loud. We’ll try to figure something out. A smaller class would be nice.

  • bellbang.com September 4, 2018, 7:30 am

    Nice share. Why dont you show real numbers in net worth the way rootofgood justin does?

  • Revanche @ A Gai Shan Life September 4, 2018, 8:21 am

    Crossing my fingers that RBJr starts to enjoy this year more. It’s a miserable thing to go to school at such a young age and hate it so much. I hated school when I was younger too, but that was because being around people so much stressed me out and I didn’t like them 🙂 I got over it after … a while.

    August was good financially with our small income but it also made me feel like I really need to be focusing on making real income elsewhere in case one or both of us get hit with a job loss as we go into the recession (whenever that is) because small income is not a sustainable business plan. Still mulling over what would be a fit for our lifestyle and my skills though.

    • retirebyforty September 4, 2018, 10:44 am

      Yeah, I keep telling him that he needs to change his attitude. He’s got many more years of school left. We’ll work on it.
      I hear you about micro income. They’re nice, but not sustainable. Maybe we need to look ahead and see how we can make money during a recession.

  • Steve @ familyonfire.org September 4, 2018, 9:18 am

    Looks like another good month. I’m with you in liking having the kids back in school to get back to routine. Much as part of the reason we FIREd in the first place was to spend more time with kids, 3 months is a long time!

    • retirebyforty September 4, 2018, 10:45 am

      Spending too much time together is not good. You appreciate the time more when you don’t see each other all the time. 🙂

  • Jim @ Route To Retire September 4, 2018, 11:04 am

    I didn’t realize your son’s hearing was bad enough that it’s causing headaches. That’s got to miserable for him. It’s one thing for adults to deal with headaches, but that’s really rough for kids.

    Good luck on the site redesign and new logo – I’m looking forward to seeing how it turns out. I’ve had the same mission on my plate for a while now as well. Hopefully, I’ll have a little more time to do that in the winter.

    — Jim

    • retirebyforty September 5, 2018, 8:30 am

      It’s tough in a noisy environment. We’ll try to see what we can do to help, but he might just have to bear with it. A smaller class size would really help.
      The site redesign is going to take a long time. I just don’t have the bandwidth to deal with it.

  • bellbang September 5, 2018, 7:37 am

    One question to all the financial bloggers out ther who claim to be raking in moolah after retirement
    I’m talking about online income from their blog alone
    Mr.Tako escapes say he makes around $1200 per year ($100 per month) from his blog. His blog is equally good. I’ve more than 10 years experience in this space and I 100% agree with Tako.
    However, I’m not sure how it is possible to make 60K kind of income from blog that is supported by affiliate products that are typical financial products like personal capital etc.
    Now-a-days people understand concept of affiliate and dont want information provider to make money. I have seen this attitude from many of web visitors
    So, I’m hesitant to believe that it is possible to make this big money from blog. In this front I credit Mr.tako escapes alone whom sounds very reasonable to me

    • retirebyforty September 5, 2018, 8:35 am

      It depends on the traffic. I like Mr. Tako too, but I think his traffic isn’t quite at this level yet. If he focuses on making money, he’ll be able to make more. You have to prioritize it to be successful at monetization.

      • bellbang September 5, 2018, 3:19 pm

        what would be your opinion on this Mr.Tako?

  • Independence Engineered September 5, 2018, 3:43 pm

    Oh no sorry to hear about your son’s hearing impairment. I hope that there is an adequate solution to it!

    Again thanks for the insight into what your personal finances are. I’ve been debating what I should do for my blog as well and how much info I would feel comfortable putting out there.

    I just launched just this past month for my website, and in that month I had to do a complete overhaul on it! Things weren’t showing up as nicely on various platforms as I had hoped originally. That said I can’t imagine the level of work that would go into something this size. Best wishes with that!

  • Mary G Wall September 6, 2018, 12:43 pm

    Joe – Is it the Chase Sapphire Preferred you have? The one with the $95 annual fee. Have you been using it throughout the year? Call the number on the card and tell them you are considering cancelling and want to know if there are any retention incentives that you should consider. You’ll likely have an offer of some kind, e.g., spend $2000 within 3 months and get $95 statement credit or spend $500 and get 5000 points extra.

    You’re unlikely to get a retention incentive on the Chase Sapphire Reserve card ($450 fee). But ponder the benefits before you cancel. You’ll get a $300 credit for travel purchases getting the effective cost down to $150. A somewhat unusual perk is up to $100k if you have to be evacuated while traveling. Unlikely to use, but if you need it you’ll be glad.
    In either case if you don’t keep, product change to a no-fee card (i.e., Freedom or Freedom Unlimited) . Consider transferring points to an airline b/c you won’t be able to do that without a Sapphire card of some type. Freedom’s don’t have that benefit.

  • GYM September 6, 2018, 11:24 pm

    Your sushi temaki handroll looks so good! And the okra curry dish sounds interesting. I find okra slimy too! My MIL loves okra and she just pan fries it. Apparently it’s very good for you.

    Hopefully, Grade 2 goes well for RBJr, that must be difficult to have loud noises when everyone talks at once in the classroom.

    • retirebyforty September 7, 2018, 11:13 am

      I really like okra. I’ve had them fried and that was really good. The okra curry turned out really well too. It wasn’t slimy at all, delicious!

  • fourtakeflight September 10, 2018, 5:32 am

    Wow! Your blog income is incredible! Thanks for such a detailed post on your personal finances. As someone who is literally just entering the blog world, I find these posts very beneficial. Look forward to reading more!

  • fourtakeflight September 12, 2018, 6:08 am

    Thanks for providing so much detail in these financial posts. It looks like August was a pretty darn good month to me. Your blog income is freakin amazing! Good luck to reaching some of your other goals for the remained of the year.

  • Jason Butler September 12, 2018, 7:34 am

    Looks like a good month to me. August was great for me. I haven’t tallied the side income numbers yet, but I was on pace to have my best side hustle income month ever! I’m stoked. I just have to keep this momentum going.

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