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February 2018 Goals and Financial Update

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Feb. 2018 Financial UpdateIt’s been a rough winter for us. RB40Jr and I were sick on and off in February and we didn’t do much. This February felt much colder than normal to me. We had warmer weather for about a week early on and then the temperature plunged. I guess the false spring got my hopes up for nicer weather, but winter came back with a vengeance. RB40Jr even got a snow day and didn’t have to go to school. He also missed a couple of days due to some kind of stomach bug. Anyway, the upside is that we didn’t spend much money at all. We stayed home on the weekends and entertained ourselves with books, board games, and movies from the library. It was nice to avoid spending money, but I’m ready for spring and really hope the weather improves soon.

On the financial front, February was rough. The stock market turned volatile and our net worth decreased over $80,000. We’re still up a bit for the year so it’s not a big deal. I don’t worry about the stock market until I see at least 20% downturn. Then it will be a buying opportunity. Also, I finally found a renter for our rental condo! I screened over 20 potential tenants over 10 days. It was hectic. I’ll share this experience next time.

As for cash flow, everything looks good. Our income streams improved and we didn’t spend that much. Okay, let’s go over my 2018 Goals first and then I’ll share the details of our cash flow in February.

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 wait until summer, they just won’t get done. The first 2 months were slow. It’s hard for me to get much done in the winter. You can get a quick status update from the chart and see the details below.

February 2018 Goal Sheet

Financial Goals

  1. Increase our real estate crowdfunding investment to $100,000. We’re doing well with this goal and now have $38,000 invested. We’re low on cash, though. I’ll probably have to save up for a few months before I can invest in the next project.
  2. FI ratio > 100%.FI ratio is passive income/expense. Currently, our FI ratio is 41% in 2018. That’s very low, but it will improve. Our expenses were higher than usual because we just paid for our summer vacation to Iceland.
  3. Increase bond/cash allocation to 30%. Going to 30% bond/cash will beef up our opportunity fund. However, I’m not in a big hurry to do this because I think the stock market will go up this year. I plan to get it done before the end of 2018.
  4. Travel hack 100,000 points. I got a head start on this one from last year. It’s on the back burner for now. I’ll sign up for new cards later this year when we have a big expense.

Blog Goals

  1. Minor Redesign RB40. WIP
  2. Blog 12 times at Fit by 40.This one is on track so far. It’s not an ambitious goal and I think it will help me stay on top of fitness. You can see how I started the site here – How to Start a Blog and Why You Should.
  3. Blog income $100,000.This one is going to be very difficult so I’m grading it on the academic system. Q1 is the best quarter for blog income and we did very well. I made $11,434 so far in 2018. You can see more detail on my Blog Income page.

Personal Goals

  1. Join Toastmasters. February wasn’t a good month so I had to put this off until March.
  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. Our rental condo is rented for at least a year so the earliest we will be able to consolidate is 2019.

Fun Goal

  1. Visit Iceland. The trip is a go. We booked our flight tickets, lodging, and rental car. Iceland is a very expensive country to visit, but it should be a great trip.

Net Worth (+0.6% YTD)

I’ve been tracking our net worth since 2006 and it is very motivating to see the progress we’ve made. 2018 started off with a bang and we had a great month in January. However, the stock market turned volatile in February and we gave up almost all the gains. I expect that 2018 will be a good year for the stock market, but nobody knows how it is going to turn out. President Trump announced new tariffs on steel and aluminum and this could spark trade wars with other countries. It’s a going to be a wild ride this year.

My bet with Warren Buffett – I’ll benchmark our net worth against VFINX for 10 years starting in 2018. VFINX dropped 4% in February. Our net worth also dropped 2.5%. We’re pretty much even at this point.

Here is the picture of our net worth in February, on Personal Capital. Our net worth decreased over $80,000 in February. It looks a scary, but it really isn’t bad in the grand scheme of things. I know it will turn out okay in the long term so I’m not worried about the short term performance.

Feb 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 ($4,795 YTD)

Here is a quick summary of our passive income. You can see all the details at my new Passive Income page. We’re off to a slow start in 2018 because one of our rentals was vacant. It’s occupied now so the passive income will start to look better in March. Things are looking up.

2018 passive income

February 2018 Cash Flow

Our cash flow was very good in February. My blog income was great. March should look even better as the rental income and dividend income pick up. I think we did very well on the expense side too. We didn’t spend much money because we stayed home most of the month. The expense looked a bit high due to our upcoming summer vacation to Iceland. That was the only big expense we had.

Check out the Sankey diagram and see the details below.

cash flow Feb 2018

Take Home Income (target > $10,000)

For 2018, our monthly take home income target is $10,000. February was a great month and we blew that target away. March should look a lot better too so things are going well here.

  • Mrs. RB40’s paychecks:$5,839
  • Blog Income:$5,954. You can read more details at my Blog Income page. RB40Jr 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:$340. Woohoo! Our rental condo is occupied. Read more at the Rental Property Passive Income page.
  • Dividend Income:$661. The second month of the quarter is slow for our dividend income. It should look better next month. More details at my Dividend Passive Income page.
  • Crowdfunding Income:$197. Real estate crowdfunding was good in February. This should pick up as the year goes on. 2 deals just closed and they will start paying out soon. Read more at my Real Estate Crowdfunding Passive Income page.
  • Interest Income:$13.

Monthly Expenses (target > $4,800)

For 2018, our monthly core expense should be under $4,800, an increase of $300 from 2017. This does not include contributions to 401k, Roth IRA, and college savings. We didn’t spend much locally this month, but we went over budget just a little bit. We spent $5,307. Like January, the travel bill busted our budget again.

We’re going to Iceland in June with another family. I have known them since college and our kids were born just one day apart. We’re getting a van and renting Airbnb to fit our 2 families. It should be a lot of fun. Iceland is more expensive than any country I’ve visited, though. The van rental cost $1,700 for 10 days and that’s not including extra insurance. Food and lodging will be very expensive as well. I used up most of my travel hacking points last year so we’ll pay for everything this year. Next year, we’ll visit somewhere much cheaper, maybe in South America.

  • Housing: $2,355. Our housing expense is getting expensive. This category is over 50% of our expense every month. There’s not much we can do at this point. This includes mortgage, HOA fees, and property tax.
  • Groceries: $435. Our grocery bill was good in February. We ate very well at home and I cooked many delicious meals. I joined Instagram recently and have more food pictures to share. I hope you like them. Clockwise from top left – shrimp etouffee, shrimp taco with avocado slices and Parmesan cheese, gyro, and pad see ew noodles. Yummm!

Feb home cooked food

  • Cash: $0. We didn’t withdraw any cash in February.
  • Transportation: $44. We share one car and we don’t drive much. I drop RB40Jr off at school in the morning and go grocery shopping on the weekend. That’s about it. We drive more in the summer when we visit local attractions.
  • Kid: $35. We got a pizza for his birthday. We also picked up a puzzle game for our trip to Iceland.
  • Pet: $0.
  • Bills: $257. Electricity and insurance (auto, home, term life, and umbrella.)
  • Health: $26. The only one in this category was the gym membership fee.
  • Travel: $2,156. We booked our rental car and an Airbnb at Vestmannaeyjar.
  • Clothing: $0. Mrs. RB40 wanted to buy some new work clothes, but she put it off until our condo was rented out.
  • 401k: $3,390. I contributed $2,000 to my 401k. Mrs. RB40 contributed $1,390 to hers.
  • College Savings: $2,600.
  • Extra Savings: $1,706

Extra Savings: $3,972

2018 is off to a good start and our extra saving totaled $3,972 so far. This will go into our saving account to beef up our opportunity fund. We keep about $10,000 in cash as our emergency fund. Anything above this, I’ll invest opportunistically.

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

February 2018 Wrap Up

Overall, February 2018 was a great month for us. Our income was great. Our regular expense was good. Our Iceland summer vacation cost a lot, but that should be it until June.

March should be better on both the income and expense for us. Our passive income should increase and my online income is looking good too. Our expense should be back to normal because most of the Iceland vacation is paid for already. The stock market looks like it will continue to fluctuate. Nobody know what it’s going to do so we should focus on what we can control – our saving rate. The stock market will do well in the long term so don’t worry about the volatility. Anyway, stick to your plan and keep investing.

Did you have a good February? Winter is always a little slow for us. We like hunkering down at home and not do too much when it’s cold outside. I’m really looking forward to more daylight in March. Have a great 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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{ 55 comments… add one }
  • Mr. Tako March 5, 2018, 12:33 am

    Sorry to hear you guys were not feeling well Joe! It has been a pretty cold winter. I’m ready for spring.

    Like you, our portfolio saw considerable volatility this past month. It doesn’t bother me. I know that we still make plenty from dividends (enough to pay our major expenses). A few blips here and there are just buying opportunities!

    Good hunting!

    • retirebyforty March 5, 2018, 9:49 am

      That’s the great thing about dividend investing. You don’t have to worry as much about stock market volatility. It’s going to take a lot more than 10% to affect your dividend income.

  • Ernie Zelinski March 5, 2018, 12:40 am

    I am always curious when you mention your “real estate crowdfunding investment.” On the other hand, I am too lazy to find out what this entails.

    Insofar as whether I had a good February, it was good for several reasons. One is that I visited Honolulu again for 7 days, for the second year in a row. The weather was great. I treated myself on an upgrade to Business Class on the leg from Honolulu to Vancouver. On the other hand, I had to go back to Edmonton for some harsh weather. I am glad that I replaced the defective remote start in my 2004 Solara with a new one that cost about $750. I hate a cold car so I normally warm it up for 10 to 15 minutes before entering it. This new remote start has a range of several blocks and tells me if the car has started. I have an acquaintance who purchased a 2017 BMW with a suggested retail price of over $100,000 and his BMW doesn’t have a remote start with the same range as mine.

    As an aside, I am in Vancouver this week to again get away from the harsh Edmonton weather. There are a lot of panhandlers here on the streets, more so than in Edmonton, because the weather in Vancouver is warmer. I occasionally give money to some and it can vary from $1 to $5. Seeing these panhandlers, I am often reminded by this remark by a well-known comedian:

    “A bum came up to me the other day and said, ‘Can I borrow $20 until payday?’ I replied, ‘Sure, but when is payday?’ The bum answered, ‘How the hell should I know? You are the guy with the job!’ ”
    — Henny Youngman

    • retirebyforty March 5, 2018, 9:56 am

      Your finance is already set so I don’t think you need to worry about real estate crowdfunding. It’s a better fit for people who are still trying to find a good mix of investment.

      Your February was great! Nice job getting out of town. We have many homeless people in Portland too. It’s been a tough winter. I can’t imagine sleeping outdoor. It’s a tough life.

    • Jim March 5, 2018, 4:17 pm

      Hi Joe,

      That’s rough hearing you recently took an $80K hit in the market.

      I’m curious, do you ever use a “trailing” stop-loss when purchasing
      any of your individual stocks? And, if you don’t, why not? Although,
      if you’re ‘exclusively’ using a fund, I guess a stop-loss wouldn’t be of
      much value.

      I just recently started reading your blog. Really enjoy the information, but at
      this point, I’m way past the opportunity to even consider retiring by 40, and
      actually, I still really enjoy my involvement in my three, small businesses.

      Although, I do find your financial tips, and various approaches to generating
      added income, quite interesting, even at my age.

      I’ll be passing on your blog information to my son. He will turn 40 in six days.
      But, I figure at least, it’s better late than never. Although, I have to admit, he
      has been investing in two retirement programs, through his current job with
      the City of Seattle Building Dept. So, at least he has a start.

      Best of Luck,

      Jim Dasher

      • retirebyforty March 7, 2018, 9:00 am

        I don’t use stop-loss. My individual stocks are high quality blue chip dividend stocks. If the market goes down, I would buy more shares.
        Stop loss is tricky. If you put a 10% stop loss on your shares, you’d sold a lot of shares in January. The stock market is already recovering from that. You’ll have to pay capital gain and you need to figure out when to get back in the market again. Those are very tricky decisions to make.

        Thank you for the compliment. I hope this blog is useful for your son.

  • Lily | The Frugal Gene March 5, 2018, 2:10 am

    “Mrs. RB40 wanted to buy something, but she put it off until our condo was rented out.”
    Hahaha OH I thought was the only one who did that. I mean, it’s so silly, something like X isn’t going to break the bank by a long shot but we can’t bring ourselves to until Y is finished and Z is happy. Ahhhh!!! I’m not weird yay!

    • retirebyforty March 5, 2018, 9:58 am

      I meant some clothes… I’m happy she put it off. Her work clothes are expensive! Putting it off is good. I can’t complain too much because she’s the breadwinner here. (I fixed your comment.)

  • Michael @ Financially Alert March 5, 2018, 3:05 am

    Joe, this winter has been tough on a lot of people. Sorry to hear you and Jr. were battling sickness too! Congrats on your cash flow. NW will be volatile for a lot of us for awhile, but I’m sure you’re not too concerned in the long run.

    Our February was pretty good overall. I finally got a decent pop in my affiliate income last month (~$1000) and my FBA product is selling steadily, albeit slowly.

    • retirebyforty March 5, 2018, 10:00 am

      That’s great news about your income. Great job! The FBA gig sounds really good.

  • [email protected] March 5, 2018, 3:07 am

    Seemed like February was a rough month for everyone in terms of the weather and not feeling so well! I hope things turn around for you in March! I remember kids at school always seemed to rally as spring was coming too. Nothing better than seeing 20 kiddos in your class not lining up at the Kleenex box all the time! Glad you found a renter too! Hopefully all that time and effort will pay off with steady rent checks and few issues! We just got another purchase offer on our 8-unit place – so we’re under contract. Feels good!

    • retirebyforty March 5, 2018, 12:08 pm

      He only missed a few days of school in February. I usually ask him to go if he can. I tell him to go to the nurse and call me if he needs to come home early. This is working well so far. Good luck with the contract.

  • Accidental FIRE March 5, 2018, 3:35 am

    Ha – “Not paying for leaf removal – Showdown in November”

    I can wait, it’s gonna be like the Ok Corral!

  • [email protected] March 5, 2018, 4:03 am

    You have the right attitude about the drop. You need to play the long game. You will forget about the drop of Feb 2018 in no time.

    For travel, I like to annualized my budget as most of the amounts get spent at once. For example, if I have 5K to spend on travel for the year and buy all the tickets and hotels I need for travel that year in January I don’t consider myself over budget. Iceland sounds amazing. Can’t wait to hear about your trip. We’ve been thinking of checking it out one day as well.

    • retirebyforty March 5, 2018, 12:09 pm

      It’s hard to annualized the travel budget because it’s different every year. Last year, we spent very little. This year will be more expensive than usual, but I think we’ll have a lot of fun. We’ll try to bring it down next year by going to a cheaper location.

  • Chris Urbaniak @ deliberatechange.ca March 5, 2018, 4:25 am

    Good morning Joe!

    I’m looking forward to seeing how you execute on your site updates 🙂 I’m specifically curious about how you set up and then test the changes before making them live. Perhaps you’d like to write an article on that and connect it with your “How to Start a Blog” article?

    • retirebyforty March 5, 2018, 12:11 pm

      For Retire by 40, I just want to update the banner to give it a cleaner look first. I also need to move to https, but that can wait.
      For more complex changes, I’ll test it on Fit by 40 first. That’s part of the reason why I have another blog. 🙂

  • Tom @ Dividends Diversify March 5, 2018, 4:42 am

    Nice progress Joe. Thanks for the summary and best wishes for continued success against some challenging goals. Tom

    • retirebyforty March 5, 2018, 12:11 pm

      It’s been tough this year. These goals are probably too ambitious. I’ll grade most of them on the academic system. 🙂

  • Ms. Frugal Asian Finance March 5, 2018, 5:04 am

    Congrats on finding a tenant! What a relief finally! Screening 20 people sounds like a lot of work, but I guess that’s what it takes to find a good tenant hehe.

    I’m also so tired of the winter and hope for the spring to come. I’m pretty sure I will hope for winter when the hot summer is here. But in the meantime, I will try to enjoy the cool spring!

    The market fluctuates. You will see a net worth increase soon!

    • retirebyforty March 5, 2018, 12:12 pm

      Thanks! Screening is okay, but that was a lot of people. I’ll write more next time.

  • Chris @ Duke of Dollars March 5, 2018, 5:13 am

    Nice progress!

    I didn’t notice the blog income page in the past, looking forward to checking it out !

    • retirebyforty March 5, 2018, 12:12 pm

      That page is new. Check it out and let me know what you think.

      • Chris @ Duke of Dollars March 6, 2018, 5:31 am

        I think overall it is great, gives a good breakdown and love that your using your son’s pictures!

        One suggestion would be to break down any of the income into articles so we can see how you’ve did it ?. If you have in the past no worries, I probably lt just missed them !

  • Budget on a Stick March 5, 2018, 5:27 am

    My household hasn’t been the healthiest either. We were all sick most of Feb. and it trailed a little into March. Can’t wait for spring!
    I was so sick I fell asleep at 3 pm and didn’t wake up until 6 am the next day. Of course, this is on net worth tracking day…my favorite day of the month!

    We are just chugging along on our goals. Much of our bigger goals aren’t until mid to late 2018.

    • retirebyforty March 5, 2018, 12:13 pm

      Oh wow. That’s not good. Take care of yourself first. You can put off the net worth tracking day.
      I fell asleep on the couch too, but woke up about an hour later.

  • Angela @ Tread Lightly Retire Early March 5, 2018, 5:40 am

    Yikes that car rental cost. We’re looking into Iceland as a possible stop for our 10th anniversary trip at the end of next year but it just seems SO expensive. And yes, February was just way too darn cold. Here’s to hoping for no more snow and below freezing temperatures this year.

    • retirebyforty March 5, 2018, 12:14 pm

      We got a van so it’s about twice as expensive as a compact car. Still the most expensive vehicle I’ve ever rented, though. The cost of living is high there.

  • BusyMom @ CountdownToTranquility March 5, 2018, 6:56 am

    Those numbers look great! I liked your income pattern – Most of ours is just from salary. I need to start looking at other options.

    • retirebyforty March 5, 2018, 12:14 pm

      Thanks! February income looks nice due to the blogging income. That will drop in the summer, though. Hopefully, the passive income will pick up the slack by then.

  • Young FIRE Knight March 5, 2018, 7:22 am

    RB40Jr is on the payroll that’s an awesome idea! Hope you both are feeling better!

    I was excited to see my Net Worth actually rise during last months downturn, but only because my investments aren’t big enough yet and I got some help from my tax return!

    • retirebyforty March 5, 2018, 12:15 pm

      Yeap, I used his picture on today’s post. That’s one gig. I already open a Roth IRA for him and just need to fund it. I’ll write about this more next week. Great job with your net worth.

  • Mr Crazy Kicks March 5, 2018, 7:30 am

    Congrats on finding a new tenant! It’s always nice to get things like that squared away.

    I’ll be looking forward to seeing your trip report on Iceland. That should be a really cool experience!

    • retirebyforty March 5, 2018, 12:17 pm

      Thanks! I’m glad we got a new tenant too. Should be good for at least a year.
      We’re looking forward to Iceland too. I need to figure out how cold it will be in June. It sounds like about the same as here in March.

  • Steve @ familyonfire.org March 5, 2018, 8:03 am

    Yeah February hasn’t been even pleasant both weather wise or market wise. Everything should sort itself out though. We took a 6 figure hit to net worth which was frustrating, but it will recover eventually and we should have few big expenses in March.

    Good job with the day to day expenses.

    • retirebyforty March 5, 2018, 12:20 pm

      I don’t mind the net worth drop too much. It was the biggest drop we’ve ever had in one month, but it didn’t feel that bad.
      That’s pretty interesting.

  • fin$avvypanda @ finsavvypanda.com March 5, 2018, 8:15 am

    Hey Joe!

    Wow!! 20 tenants is a lot of ppl! That’s a lot of demand for your rental property which is awesome! 🙂
    Sorry to hear that you and RB40Jr. were feeling sick. Winter tends to be one of the worst seasons of all… but spring is coming soon! yay!

    I think most ppl’s net worth is going to start fluctuating going forward. Quite a bit of uncertainty at the moment, but that shouldn’t matter because the focus should be on the long term. Our net worth increased a bit for the month, but I’m guessing it mostly came from our savings rate rather than the markets during this time. So, you’re right on focusing on what we can control, which is our savings 🙂

    Nice post and your food pics look delicious! I remember seeing some on your IG 😀

    • retirebyforty March 5, 2018, 12:21 pm

      Thanks! I’ll try to take more food pictures. It’s easier now that I have an Instagram account. Just snap and post. 🙂
      Great job with your net worth. Focus on your saving rate.

  • Helen March 5, 2018, 8:57 am

    Great, you finally rented out that unit. Yeah, in central Ohio, February was warm for a while. Overall, this winter here is not too bad. I’m ready for the spring. The market was so volatile last month. Hopefully it settles down in some way. I didn’t feel motivated to check my balance.

  • Done by Forty March 5, 2018, 9:26 am

    February was kind of rough on the markets but, like you, I am kind of waiting for a larger correction before I start changing our investment approach and buying more quickly than we are DCAing.

    We went to Iceland last year & drove the ring road in a Kuku van. If you want any tips, let me know!

    • retirebyforty March 5, 2018, 2:28 pm

      The kuku van sounds neat. I’d do that if it was just us. We’re going with friends this time. I’ll pm you for some tips.
      We’ll drive from Egilsstaðir to Reykjavik.

  • DocG March 5, 2018, 12:37 pm

    Not bad numbers for a volatile February. I have a vacant property now too! Hopefully will get it rented soon.

    • retirebyforty March 5, 2018, 2:29 pm

      Good luck with your rental. People are moving more now that the weather is starting to warm up.

  • Lady Dividend March 5, 2018, 2:15 pm

    Will you be selling your two rental properties to pay off the mortgage for your duplex? Or are you trying to move out of real estate?

    • retirebyforty March 5, 2018, 2:30 pm

      I want to move out of local real estate. Portland home price seems too high for our economy. We don’t have a vibrant economy like the Bay Area or Seattle. People can’t afford these prices. I’ll invest with RealtyShares in the mid west.

  • Revanche @ A Gai Shan Life March 5, 2018, 2:58 pm

    I hate losing months to illness, I hope you’ve done your time and stay well the rest of the year!

    We were definitely feeling the cold this year, but I bet it’s because of the new place’s poorer insulation.

    We’re down for the year so far, and cash flow will be tight for a little while but I am hoping that will even out soon and that I wasn’t overreaching by increasing our savings rate to 30%.

    It just occurred to me – what income streams qualify for your solo 401K? Blog, dividend and rental? I’m hoping that dividend income would qualify so that I can start investing in more than just an IRA.

    Love your food pictures, if you have time to share the recipes, would you?

    • retirebyforty March 7, 2018, 8:57 am

      It’s low level sickness so I guess that’s not too bad. The weather is getting better so I’m hopeful.
      Our cash flow is a bit tight too. I contributed a large amount to our Roth IRA and my solo 401k and there aren’t much extra cash left.

      The only income stream that you can use to contribute to the 401k and Roth IRA is earned income. You can’t use passive income to contribute to the retirement accounts.

  • FIRECracker March 6, 2018, 3:23 am

    Sorry to hear about RB40Jr’s stomach bug 🙁 Sucks to be sick. Glad he’s better now though. On the plus side you got to stay in and not spend money, so there’s a silver lining.

    Very cool that you’re going to iceland! We have yet to go but so many people have raved about how amazing it is.

    • retirebyforty March 7, 2018, 9:02 am

      I’m looking forward to Iceland. It should be a lot of fun. Not a great country for geoarbitrage, though. Everything is so expensive. We should have visited 10 years ago during the financial crisis. Probably could have picked up a house for cheap. 🙂

  • Mrs. Groovy March 6, 2018, 6:50 am

    RB40Jr is in the house! So glad to see him on the payroll. This gives new meaning to a “Junior IRA” ha ha.

    Congrats on getting the renter! That’s one slayed dragon you can put behind you.

    • retirebyforty March 7, 2018, 9:03 am

      I’m excited to see how his Roth IRA will grow. He’ll be way ahead of most people for retirement savings. 🙂

  • Mrs Smelling Freedom March 7, 2018, 7:16 pm

    Hi Joe 🙂
    It would be really great if you could write a post with tips about how to screen prospective tenants. I just started a refurbishment project and will have 3 apartments available to rent by Summer. Getting the right tenants will be key to keeping my sanity, so any advice would be really appreciated ?

  • GYM March 11, 2018, 9:42 am

    Your Sankey diagram is so pretty! You are doing amazing.

    I love your food pics on Instagram- the RB40 family is very lucky to have a great chef like you! Does grandma RB40 eat the same meals or does she like her own cooking (e.g. she doesn’t like eating tacos?)?

    • retirebyforty March 11, 2018, 9:01 pm

      Thanks for the compliment! Grandma RB40 eats the same meals. Luckily, she’s fine with anything. She doesn’t cook anymore.

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