Monday, April 16, 2018

Mortgage Balance (UPDATE) - April 2018


If you have viewed our family's Net Worth Page, you probably already know that it does not include the equity in our home.  Although, we do realize that it is technically part of our overall net worth, we decided that since our home equity is not an asset that we can count on for income (unless we sell and buy something cheaper) we would exclude it from our net worth calculation.

For the purpose of this blog, we are more interested in documenting our loan balance rather than our home equity.  With that said, we will use the current Zillow value as our estimated home value and use it to figure out the percentage we owe on our home. For those interested, we will include the amount of our home equity, but know that we are less concerned with the equity since we have no plans to cash out or otherwise sell our home. Our main goal is to pay off our home on or before my retirement date. 


HOME VALUE:
According to Zillow, our home is currently worth $841,511(up $13,803 in the last 30-days). Home prices are just about as unpredictable as the stock market these days. Like the market, our home value has been a huge roller coaster this year. But always glad and thankful to see the value jump more than $10K in one month! :)

The reality is whether or not it is up or down, it really doesn't mean much to us since we have no intention of selling our home.  We mainly post these updates to see the remaining mortgage balance and keep us motivated to push forward to be debt free (including our mortgage) one day!  



Mortgage Balance (As of Mar 1st):
$262,084 (down $1,967 from our March post)

Percentage Owed:
31.1% (down a full 1% from our March post)

Home Equity:
$579,427 (up a whopping $22,426 from our March post)
   
Mortgage Background:
For those that have not read the Preface on our home equity, we currently hold a 15-year fixed rate mortgage at the incredibly low rate of 2.875%.  My goal is to retire within 9 years and 2 months (110 months) so we are setting out to pay off our mortgage on or before my retirement date. Right now we are a few months behind the target retirement date. Currently, we have approximately 10  years and 0 months (120 months) left on our mortgage. Nevertheless, I would like to have it paid off in roughly 8-9 years. If we accomplish that, I plan to use the money we use to pay our mortgage and aggressively build our passive income to help supplement our retirement and defer tapping into the 457K as long as we can so it can continue to grow. 


Right now we are not putting any extra money towards the principal given our low 2.875% interest rate. We feel that we could make our money grow faster by investing it and while keeping the money more liquid. At a certain point, maybe in 6-8 years, we may consider using some of the money from our investment accounts to wipe out the remaining mortgage balance.  Until then, we will continue to grow that money outside, rather than have it locked into our home.

Friday, April 13, 2018

MARCH 2018 - DIVIDENDS RECEIVED


Below is a recap of the dividends/partnership distributions that we received from our family's dividend stocks portfolio –  MARCH 2018 (recap).

DIVIDENDS 

During the past month, our family received dividends/partnership distributions from a total of 16 companies/ETFs/Partnerships. The total monies received from those 16 companies/ETFs/Partnerships was: $254.85

Below is a breakdown of the dividends/partnership distributions received this past month:


WELLS FARGO INVESTMENT ACCOUNT:
3/02/18 - HCP (HCP INC): $14.80
3/02/18 - ENB (ENBRIDGE INC): $20.92
3/09/18 - XOM (EXXON MOBIL CORP): $11.55
3/09/18 - EXC (EXELON CORPORATION): $12.05
3/12/18 - TGT (TARGET CORP): $11.78
3/12/18 - IBM (INTERNATIONAL BUSINESS MACHINE CORP): $9.00
3/12/18 - CVX (CHEVRON CORPORATION): $16.80
3/15/18 - (REALTY INCOME CORP): $3.29
3/16/18 - FLO (FLOWERS FOODS INC): $5.61
3/16/18 - CTL (CENTURYLINK INC): $13.50
3/19/18 - ESV (ENSCO PLC ): $5.00
3/23/18 - EDIV (SPDR S&P EMERGING ETF): $8.89
3/26/18 - RDS.B (ROYAL DUTCH SHELL PLC): $13.16
3/27/18 - BBL (BHP BILLITON PLC): $103.40
3/29/18 - NOV (NATIONAL OILWELL VARCO INC): $2.25
3/29/18 - GILD (GILEAD SCIENCES INC): $2.85

EDWARD JONES INVESTMENT ACCOUNT:
N/A

OVERALL DIVIDENDS TOTAL THIS MONTH: $254.85


How did you all do? Hopefully you all continue to see your dividends growth month after to month, year after year! 


In case you interested, our family's dividend stocks portfolio 
may be found by clicking on the link below:

Saturday, March 10, 2018

Mortgage Balance (UPDATE) - March 2018


If you have viewed our family's Net Worth Page, you probably already know that it does not include the equity in our home.  Although, we do realize that it is technically part of our overall net worth, we decided that since our home equity is not an asset that we can count on for income (unless we sell and buy something cheaper) we would exclude it from our net worth calculation.

For the purpose of this blog, we are more interested in documenting our loan balance rather than our home equity.  With that said, we will use the current Zillow value as our estimated home value and use it to figure out the percentage we owe on our home. For those interested, we will include the amount of our home equity, but know that we are less concerned with the equity since we have no plans to cash out or otherwise sell our home. Our main goal is to pay off our home on or before my retirement date. 


HOME VALUE:
According to Zillow, our home is currently worth $821,052(down $3,653 in the last 30-days). Up or down, it really doesn't mean much to us since we have no intention of selling our home.  We mainly post these updates to see the remaining mortgage balance and keep us motivated to push forward to be debt free (including our mortgage) one day!




Mortgage Balance (As of Mar 1st):
$264,051 (down $1,963 from our February post)

Percentage Owed:
32.1% (down .1% from our February post)

Home Equity:
$557,001 (down $2,755 from our February post)
   
Mortgage Background:
For those that have not read the Preface on our home equity, we currently hold a 15-year fixed rate mortgage at the incredibly low rate of 2.875%.  My goal is to retire within 9 years and 3 months (111 months) so we are setting out to pay off our mortgage on or before my retirement date. Right now we are a few months behind the target retirement date. Currently, we have approximately 10  years and 1 months (121 months) left on our mortgage. Nevertheless, I would like to have it paid off in 10 years or less. If we accomplish that, I plan to use the money we use to pay our mortgage and aggressively build our passive income to help supplement our retirement and defer tapping into the 457K as long as we can so it can continue to grow. 


Right now we are not putting any extra money towards the principal given our low 2.875% interest rate. We feel that we could make our money grow faster by investing it and while keeping the money more liquid. At a certain point, maybe in 6-8 years, we may consider using some of the money from our investment accounts to wipe out the remaining mortgage balance.  Until then, we will continue to grow that money outside, rather than have it locked into our home.

Thursday, March 1, 2018

FEBRUARY 2018 - DIVIDENDS RECEIVED


Below is a recap of the dividends/partnership distributions that we received from our family's dividend stocks portfolio –   FEBRUARY 2018 (recap).

DIVIDENDS 

During the past month, our family received dividends/partnership distributions from a total of 10 companies/ETFs/Partnerships. The total monies received from those 10 companies/ETFs/Partnerships was: $243.06

Below is a breakdown of the dividends/partnership distributions received this past month:


WELLS FARGO INVESTMENT ACCOUNT:
2/01/18 - VZ (VERIZON COMMUNICATIONS COM ): $23.60
2/01/18 - POT (POTASH CORP): $4.51
2/01/18 - GIS (GENERAL MILLS INC): $12.25
2/01/18 - T (AT & T INC): $12.67
2/02/18 - VOD (VODAFONE GROUP PLC): $29.94
2/14/18 - ETP (ENERGY TRANSFER PARTNERS LP ): $42.38
2/14/18 - OHI (OMEGA HEALTHCARE REIT INVESTORS INC): $19.80

2/15/18 - KMI (KINDER MORGAN INC): $22.50
2/21/18 - WELL (WELLTOWER INC): $26.10
2/23/18 - COF (CAPITAL ONE FINANCIAL CORP ): $2.00

EDWARD JONES INVESTMENT ACCOUNT:
2/1/18 - T (AT & T INC): $47.31

OVERALL DIVIDENDS TOTAL THIS MONTH: $243.06


How did you all do? Hopefully you all continue to see your dividends growth month after to month, year after year! 


In case you interested, our family's dividend stocks portfolio 
may be found by clicking on the link below:

Friday, February 23, 2018

Mortgage Balance (UPDATE) - February 2018


If you have viewed our family's Net Worth Page, you probably already know that it does not include the equity in our home.  Although, we do realize that it is technically part of our overall net worth, we decided that since our home equity is not an asset that we can count on for income (unless we sell and buy something cheaper) we would exclude it from our net worth calculation.

For the purpose of this blog, we are more interested in documenting our loan balance rather than our home equity.  With that said, we will use the current Zillow value as our estimated home value and use it to figure out the percentage we owe on our home. For those interested, we will include the amount of our home equity, but know that we are less concerned with the equity since we have no plans to cash out or otherwise sell our home. Our main goal is to pay off our home on or before my retirement date. 


HOME VALUE:
According to Zillow, our home is currently worth $825,770 (down $2,242 in the last 30-days). Up or down, it really doesn't mean much to us since we have no intention of selling our home.  We mainly post these updates to see the remaining mortgage balance and keep us motivated to push forward to be debt free (including our mortgage) one day!




Mortgage Balance (As of Feb 1st):
$266,014 (down $3,911 from our December post)

Percentage Owed:
32.2% (down .3% from our December post)

Home Equity:
$559,756 (down $275 from our December post)
   
Mortgage Background:
For those that have not read the Preface on our home equity, we currently hold a 15-year fixed rate mortgage at the incredibly low rate of 2.875%.  My goal is to retire within 9 years and 4 months (112 months) so we are setting out to pay off our mortgage on or before my retirement date. Right now we are a few months behind the target retirement date. Currently, we have approximately 10  years and 2 months (122 months) left on our mortgage. Nevertheless, I would like to have it paid off in 10 years or less. If we accomplish that, I plan to use the money we use to pay our mortgage and aggressively build our passive income to help supplement our retirement and defer tapping into the 457K as long as we can so it can continue to grow. 


Right now we are not putting any extra money towards the principal given our low 2.875% interest rate. We feel that we could make our money grow faster by investing it and while keeping the money more liquid. At a certain point, maybe in 6-8 years, we may consider using some of the money from our investment accounts to wipe out the remaining mortgage balance.  Until then, we will continue to grow that money outside, rather than have it locked into our home.

Tuesday, February 13, 2018

JANUARY 2018 - DIVIDENDS RECEIVED

Below is a recap of the dividends/partnership distributions that we received from our family's dividend stocks portfolio –   JANUARY 2018 (recap).

DIVIDENDS 

During the past month, our family received dividends/partnership distributions from a total of 16 companies/ETFs/Partnerships. The total monies received from those 16 companies/ETFs/Partnerships was: $392.60

Below is a breakdown of the dividends/partnership distributions received this past month:


WELLS FARGO INVESTMENT ACCOUNT:
1/02/18 - GPC (GENUINE PARTS CO): $3.38
1/08/18 - MRK (MERCK & CO INC): $4.80
1/08/18 - CIG (COMPANHIA ENERGETICA DE MINAS ADR): $58.59
1/11/18 - MDLZ (MONDELEZ INTL INC): $4.40
1/12/18 - JCI (JOHNSON CTLS INTL PLC): $3.90
1/12/18 - VTR (VENTAS INC): $4.74
1/16/18 - WPC (W P CAREY INC): $6.06

1/16/18 - VER (VEREIT INC): $61.88
1/16/18 - OXY (OCCIDENTAL PETE CORP): $30.80
1/16/18 - CAH (CARDINAL HEALTH INC): $18.50
1/16/18 - ARI (APOLLO COMM RE FINANCE INC): $97.66
1/24/18 - ORCL (ORACLE CORPORATION): $2.09
1/25/18 - GE (GENERAL ELECTRIC COMPANY): $12.00
1/29/18 - BNS (BK NOVA SCOTIA HALIFAX): $9.60
1/31/18 - TD (TORONTO DOMINION BK): $9.75

EDWARD JONES INVESTMENT ACCOUNT:
1/24/18 - CMCSA (COMCAST CORP): $64.45

OVERALL DIVIDENDS TOTAL THIS MONTH: $392.60


How did you all do? Hopefully you all continue to see your dividends growth month after to month, year after year! 


In case you interested, our family's dividend stocks portfolio 
may be found by clicking on the link below:

Tuesday, January 23, 2018

Net Worth Report (Jan 2018 Update)

We originally set out to provide just annual Net Worth updates and then eventually started to do quarterly updates.  Now that we have significantly slowed the pace of our posts, I think we will like just pop in once or twice a year simply to let everyone know how we are doing and to keep ourselves honest and looking forward to our ultimate goal of early retirement and/or Financial Independence!  

Also, in case you have not come across it, we are part of an active list of bloggers who provide their net worth on Rockstar Finance's page - The Ultimate List of Blogger Net Worth.

With that said, at the end of the first quarter, our family net worth is as follows:

Retirement Savings:                      $ 520,034
P2P Lending Accounts:                   $    8,203
Dividend Stock Accounts (DSA):     $   87,983
DSA - Surplus Cash:                      $  18,282
College Savings Accounts:              $  75,837
Cash and Savings:                         $  51,018

GRAND TOTAL
$761,357
(Increase of $57,717 since April 2017)

Although we do not count it as part of our Net Worth,
it is still nice to know that our Home Equity is:
$560,031*
(Increase of $13,656 since April 2017)

Although we don't consider our home equity as part of our Net Worth, we understand that some people do.  So for those who include home equity in their Net Worth, our family's net worth would be considered: $1,321,388 (Increase of $71,373 since April 2017).  It's a pretty awesome figure when you include the home equity but until we can accumulate 7 figures without our home equity, I refuse to consider myself a millionaire. 

* Although others do consider home equity, and even cars, collections, etc. as part of their net worth, it is our opinion that since these items are not very liquid and the value of these items is highly dependent on what others are willing to pay for them (at the present time), we have decided not to consider these type of assets as part of our family's recognized net worth.