June 2021 Goals & Financial Update

Hey, everyone. Did you have a great summer month? We had a ton of fun in June. My brother and his family came to visit and we showed them around town. Then we went to the beach for a few days. It was great to spend time with families. We also went out to eat in a real restaurant. It felt great. The weather is nice and most people aren’t wearing masks anymore. I assume they all got vaccinated. Life is going back to normal! I feel super optimistic about everything. It’s great.

We also spent more than usual in June. I got various sports equipment so RB40Jr and I can be more active this summer. It worked! We go play tennis, baseball, or basketball every morning. A little exercise to start the day is perfect. We didn’t enroll our son in any summer/day camp this year. We weren’t sure what the Covid situation would be like so we were conservative. But it worked out well because I get to be more active too. In the fall, he’ll join the soccer league. I hope you’re getting out to enjoy the beautiful weather too.

On the personal finance side, we had a nice month. Our net worth hit a new high again! The stock market keeps going up. I’m starting to get leery, though. How long can it keep going up? This is a good time to take a little profit and diversify if you can. I sold some stocks to invest in commercial real estate with CrowdStreet. This will help generate passive income when Mrs. RB40 retires next year. Our cash flow was also good in June. We spent more than usual, but our income was good too. All in all, things are rolling along nicely. Here are the details.

2021 Goals

This is my 2021 goal sheet. It works really well. Try it out if you can’t keep up with your New Year goals. The key is to go over the spreadsheet at least once a month to track your progress. That way, you can see which goals need extra attention.

All right! 2021 is turning out to be a great year. I already accomplished 6 of my goals and I’m making good progress on the rest. (I made modest goals because 2020 was such a crazy year.) Here are the details.

Financial Goals

  • Real Estate Crowdfunding $150,000. Earlier this year, I invested in an apartment renovation project near Seattle. I have high hope for this one. The housing market in that area is hot. Recently, the projects on CrowdStreet got funded very quickly. I think investors are taking profit from the stock market and diversifying. That’s a great idea, but finding a solid alternative investment can be difficult. I really like real estate crowdfunding so far. It’s a great way in invest in commercial real estate.
  • FI Ratio > 110%. This is my main goal for 2021. The FI ratio is passive income divide by expense. We are doing quite well so far this year. Our FI ratio has been around 120%. I’m very happy with that.
  • 1-year cash for Mrs. RB40 mini ER. Mrs. RB40 plans to take a mini-retirement in 2022. I want to have a nice cash cushion before then. Usually, we spend less than $50,000 per year so that’s my target. Currently, we have about $26,000 in our saving account.
  • Side hustle income > $3,000. Mission accomplished! This goal is just for fun. Side hustling is a good way for early retirees to keep busy and stay active. This year I plan to charge scooters, take surveys, and sign up for cash bonuses. In June, I made $2,404 from charging scooters. Wow! This is a great side gig when the weather is nice. Delivering food is probably a better gig since you get tips. But I’m happy with charging scooters because I don’t have to interact with anyone. Heh. It’s also good exercise for me.


  • Refresh Retire by 40 – Done! Whew! I finally completed this goal. It has been on this list for over 2 years. This work required a big block of time and focus. I just couldn’t do it at home. I only finished because I was stuck in quarantine for 2 weeks and could focus on it. I hope you like the new design.
  • 1,000 subscribers on my YouTube channel. Currently, we have 329 subscribers on our YouTube channel. We didn’t upload any video in June. Unfortunately, I ran out of recipes to make. Making video also takes a lot of time.

Personal Goals

  • Visit Thailand. Done! I got back from Thailand in February. I spent 6 weeks there to check on my mom and reconnect with families and friends. It was great. I would love to retire there 6 months/year.
  • Weight < 135 lbs. Done! In Thailand, the serving size was much smaller than what I’m used to. I lost weight and was able to keep it off. Now, I weigh 130 pounds. The summer activities really helped.
  • Estate planning. Done! We started the process with our lawyer last year. I thought it won’t be done until March, but we completed it right before I went to Thailand. That’s perfect timing.
  • V for vasectomy. I saw my doctor for an annual physical before I flew to Thailand. She said she can refer me to someone when I get back. We don’t want any more kids. This one is WIP.
  • Happiness level > 8. June was a 9. I had a relaxing time and didn’t stress out much. The weather was really nice as well. I feel great this year, very optimistic.

Net Worth (+10.6% YTD)

I’ve been tracking our net worth since 2006 and it is very motivating to see our progress. Our net worth is up by 9.3% since the beginning of 2021. That’s amazing. My annual net worth target is +10% per year. We got there in just 6 months! 2021 is a great year for businesses. People are spending and businesses profit from that mentality. Let’s see if the market can keep rising…

Here is a chart of our net worth from Personal Capital.

*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 our accounts. It’s a great site for DIY investors.

2021 Passive Income ($21,891 YTD)

Here is a quick summary of our passive income. You can see all the details on my Passive Income page.

June was not a good month on the passive income side.

  • Real estate crowdfunding: I received just $87 from our investments. Next month should be better.
  • Rental income: Not a good month on the ledger. We put 50% down for a deck cover. The rental account lost $649 last month.  
  • Dividend: At least, dividend income was good. We received $1,746 from our dividend portfolio.

At the end of June, our FI ratio was 119%. That’s really good, but it’s mostly due to low spending. Our passive income is still a little low. I need to improve it so we won’t have to rely on my side income.   

*FI ratio = passive income/expense

June 2021 Cash Flow

Our cash flow was great in June. We didn’t spend much and saved 61% of our income.

Here is the Sankey diagram. You can get a quick overview and see the details below.

Gross Income: $20,087

Our gross income was solid last month. Any month with $15,000+ income is a very good month.

  • Mrs. RB40’s job: $13,153. June was one of those 3 paycheck month. Wow.
  • Blog income: $2,651. We had a good month at RB40.
  • Real estate crowdfunding: $87. A slow month for RE crowdfunding. You can read more at the RE Crowdfunding Passive Income page.
  • Rental income: -$649. Bad month at the rental. Read more at the Rental Property Passive Income page.
  • Dividend Income: $1,746. Great month for dividend income. See more details on my Dividend Passive Income page.
  • Interest Income: $6.
  • Side hustle & Misc: $2,414. I charged a ton of scooters in June. The weather was nice and people are out a lot more. I also made $10 from ProductTube for toothpaste shopping.   

Monthly Spending: $4,977

This year, I plan to spend about $50,000. So our monthly spending budget is $4,166/month. Whoa, we spent over that in June. Like many Americans, we loosen our purse string. Next month should be better.

  • Housing: $2,414. This category includes mortgage, home insurance, HOA fees, property taxes, utilities, home improvement, repair, and furnishing.
  • Parents: $500. My brothers and I each sent $500/month to my parent. They don’t have much retirement savings. Fortunately, they live in Thailand so $1,500 is enough. I also own the condo they live in so their housing expense is minimal.
  • Groceries: $579. Usually, we spend less than $500/month on groceries. I think this is real inflation. Groceries are noticeably more expensive than last year.  

Here are some of the dinners I made.

Jack Fruit curry – This Thai curry doesn’t have coconut milk in it. Pretty interesting. I liked it, but others didn’t.

  • Bills: $23. (This is just life insurance. Water, gas, and electric bills are included in the housing category.)
  • Transportation: $200. This was for gasoline, insurance, public transportation, and maintenance.
  • Entertainment: $411. We ordered out a lot more than usual in June. My brother and his family came to visit.  
  • Kid: $310. I signed our son up for soccer league. We also purchased a bunch of summer toys – a kiddie pool, pickle ball set, baseball stuff, birthday gifts, water guns, and more.
  • Pet: $0.
  • Travel: $540. We went to the beach for a couple of days when my brother visited. Mrs. RB40 also spent a bit on business travel.
  • Health: $0. Doctor appointment and prescriptions.
  • Clothing: $0.
  • Misc: $0.


I don’t count these as personal spending.

  • Taxes and deductions: $3,570.  

2021 Savings ($55,505 YTD)

Alright! 2021 is going very well for us.

  • Joe’s 401k: $16,125.   
  • Mrs. RB40’s 401k: $9,750. She contributes $750 every paycheck.
  • Roth IRAs: $6,000
  • 529 College Savings: $2,000.
  • Extra savings: $21,630

YTD 2021 saving rate = 63%

June 2021 wrap up

June was a great month for us. Our income was higher than usual due to Mrs. RB40’s third paycheck. Our spending was over our budget, but I don’t mind. It’s just one month. We spent very little in the previous months. We also enjoyed summer a lot. We had one crazy hot week, but that was it. I love summer. Life slows down and we can relax a bit. Next month, we’re going to Yellowstone!!!

How was June for you?  I hope you had a great month as well.

*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 our accounts. It’s a great site for DIY investors.

Disclosure: We may receive a referral fee if you purchase or signup for 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. After 16 years of investing and saving, he achieved financial independence and retired at 38.

Passive income is the key to early retirement. This year, Joe is investing in commercial real estate with CrowdStreet. They have many projects across the USA so check them out!

Joe also highly recommends Personal Capital for DIY investors. They have many useful tools that will help you reach financial independence.

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21 thoughts on “June 2021 Goals & Financial Update”

  1. You know what, Joe?

    It makes me happy, that you’re happy. 🙂

    I hope things continue in the right direction, though it feels like we’re hitting a bit of a “bump”. Still, it’s a whole different world than 2020, thank goodness.

    Great job, as usual, on your goals and progress. The money is pretty much secondary at this point, you’ve got that on autopilot and now it’s just honing the lifestyle. Well done!

    • I’m much less optimistic at the end of July. The delta variant is wreaking havoc in Asia. I think people here are underestimating how bad it can get. I’m back to wearing a mask indoors.

  2. I jealous of you not sending the kids to summer camp this year. We did quite a few specialty camps and they run for only a few hours. It’s a lot of money for very little time off.

    I think next year we’ll do fewer camps, but I still want to get them into a couple of specialty activities, so it’s quite the conundrum.

    I really like how you spread the retirement account savings and other savings so you have a good mix. For years we focused on only maximizing our retirement accounts. Now we have a good size pile of money that we can’t touch for awhile.

  3. Hi Joe – great to see your continued progress and achievements. I took a look at the Crowdfunding site, and was interested in your thoughts on investing in commercial real estate at this time when a lot of companies are questioning a 100 % return to the workplace. Not that I think commercial real estate will go away.

  4. Congratulations on another great month! I am very leery of the stock market too.. Every time that I think I’m being greedy by letting my investments ride, the stock market hits another all time highs.

    I just don’t know what to do these days. There’s very strong cases that the market is just going to keep going higher because well.. pent up demand is supposed to be unleashed. So then what’s going to make the stock market drop?!

    • I already moved some money to real estate crowdfunding so we’re set for a few years.
      As for the rest, I’m letting my stock market investment ride for now. It’s too difficult to change.
      Also, we don’t need the money yet.

    • I am equally leery on the stock market. What is banked is dividends and interest payments. What is not banked is paper gains, ie increases in prices. I don’t plan on touching any retirement accounts as I have 6 mo saved in an emergency HYSA, however, I also don’t toot my horn too much regarding the sky high net worth via the inflated prices. Maybe it’s here to stay, maybe it’s not. It just feel really precarious to me as a Millennial investor with around a 35 year retirement horizon. Probably more precarious for those slowly easing into retirement…

  5. we had another great money month and just hit an all time net worth milestone last month. every time we hit one i buy us a fancy wine to celebrate. this time it was walter hansel pinot noir from russian river valley. it was worth the money.

    enjoy the rest of your summer. you’re too young for pickleball.

  6. Looks like another great month for you! I’m always impressed by the list of items that you knock out. And it’s hard to beat a happiness level of 9!

    This stock market stretch of new highs has been crazy. I’m with you on being a little leery, but we’re just rebalancing a little more while staying the course. Hindsight will tell us how we did, I guess!

    That jack fruit curry looks interesting. Not sure I’d like it, but I’d certainly want to find out! 🙂

  7. Nice job! It’s great to see your happiness level still riding high. We’ve spent more time with friends and family in the last six weeks than all the previous fourteen months combined! The optimism (in highly vaccinated areas, at least) is a nice change of pace.

    Between a new roof, a new car, and a crew outside right now scraping our house to prepare for a new paint job, we are well over $50k in the last three weeks. We’ve budgeted and saved and we are incredibly fortunate; the roof will last for decades, the car is a great balance of fun and practical, the house is going to hold up well against the elements and look amazing. But these are dollars we can’t put toward FIRE or travel, and many extra months of W-2 work, so it’s still a bit of a downer.

    I hope the crowds are thin and the vistas spectacular at Yellowstone!

    • Wow, that’s a lot of spending in one month. We’re fixing and renovating our house too.
      But I’m doing just one thing at a time and spacing them out a bit.
      I heard all the national parks are very crowded this summer. Everyone wants to get out.

  8. Congrats on another great month. Though for someone who doesn’t want kids, you sure are dragging your feet on getting the vasectomy. Best decision my wife and I made. Two kids were enough for us.

  9. Looks like a great month Joe! It’s amazing (to me anyway) how much your blog makes. Just mind boggling to me!

    Anyway, congrats on the great month, and hope you enjoy Yellowstone!


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