Friday, November 9, 2018

Mortgage Balance (UPDATE) - November 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 $855,033 (up $6,975 in the last 30-days). The traditional spring-summer spike in real estate continued to be great for property values. This year, the summer spike seemed to have lasted well into fall. But 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 November 1st):
$248,180 (down $2,000 from our October post)

Percentage Owed:
29.0% (down .4% from our October post)

Home Equity
$606,853 (up $7,155 from our October 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 8 years and 7 months (103 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 9 years and 5 months (113 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 for as long as possible 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 5-7 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, November 1, 2018

OCTOBER 2018 - DIVIDENDS RECEIVED


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

DIVIDENDS 

During the past month, our family received dividends/partnership distributions from a total of 14 companies/ETFs/Partnerships. The total monies received from those 14 companies/ETFs/Partnerships was: $366.70. 

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


WELLS FARGO INVESTMENT ACCOUNT:
10/01/18 - BPY (BROOKFIELD PPTY LP PARTNERS): $11.53
10/01/18 - LADR (LADDER CAPITAL CORP): $16.25
10/02/18 - KMB (KIMBERLY-CLARK CORP): $17.00
10/05/18 - MRK (MERCK & CO INC): $4.80
10/12/18 - JCI (JOHNSON CTLS INTL PLC): $6.50
10/12/18 - VTR (VENTAS INC): $12.64
10/12/18 - MDLZ (MONDELEZ INTL INC): $5.20
10/15/18 - WPC (W P CAREY INC): $6.15
10/15/18 - VER (VEREIT INC): $61.88
10/15/18 - O (REALTY INCOME CORP REIT): $3.31
10/15/18 - OXY (OCCIDENTAL PETE CORP): 19.50
10/15/18 - CAH (CARDINAL HEALTH INC): $23.82
10/15/18 - ARI (APOLLO COMMERCIAL RE ESTATE FINANCE INC): 65.46
10/19/18 - NTR (NUTRIEN LTD): $7.20
10/25/18 - GE (GENERAL ELECTRIC CO): 18.00
10/29/18 - BNS (BK NOVA SCOTIA): $9.71

EDWARD JONES INVESTMENT ACCOUNT:
10/24/18 - CMCSA (COMCAST CORP): $77.75

OVERALL DIVIDENDS TOTAL THIS MONTH: $366.70


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, October 13, 2018

Mortgage Balance (UPDATE) - OCT 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 $849,878 (up $12,772 in the last 30-days). The traditional spring-summer spike in real estate continued to be great for property values. This year, the summer spike seemed to have lasted well into fall. But 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 October 1st):
$250,180 (down $1,996 from our September post)

Percentage Owed:
29.4% (down .3% from our September post)

Home Equity
$599,698 (up $2,865 from our September 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 8 years and 8 months (104 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 9 years and 6 months (114 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 for as long as possible 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 5-7 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, October 5, 2018

SEPTEMBER 2018 - DIVIDENDS RECEIVED


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

DIVIDENDS 

During the past month, our family received dividends/partnership distributions from a total of 14 companies/ETFs/Partnerships. The total monies received from those 14 companies/ETFs/Partnerships was: $250.61

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


WELLS FARGO INVESTMENT ACCOUNT:
9/04/18 - WFC (WELLS FARGO & CO): $3.01
9/04/18 - ENB(ENBRIDGE INC): $35.65
9/10/18 - T (INT'L BUSINESS MACHINE CORP): $9.42
9/10/18 - XOM (EXXON MOBIL CORP): 16.40
9/10/18 - CVX (CHEVRON CORPORATION): $16.80
9/14/18 - (REALTY INCOME CORP): $3.30
9/14/18 - FLO (FLOWERS FOODS INC): $3.60
9/14/18 - CTL (CENTURYLINK INC): 13.50
9/17/18 - RDS.B (ROYAL DUTCH SHELL PLC ADR): $13.16
9/21/18 - ESV (ENSCO PLC CLASS A): 5.00
9/25/18 - BBL (BHP BILLITON PLC-ADR): $90.72
9/27/18 - GILD (GILEAD SCIENCES INC): 2.85
9/28/18 - EDIV (SPDR S&P EMERGING MARKETS ETF): 34.95
9/28/18 - NOV (NATIONAL OILWELL VARCO INC): $2.25

EDWARD JONES INVESTMENT ACCOUNT:
9/2018 - N/A

OVERALL DIVIDENDS TOTAL THIS MONTH: $250.61


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, September 14, 2018

Mortgage Balance (UPDATE) - SEPT 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 $849,009 (up $9,166 in the last 30-days). The traditional spring-summer spike in real estate continued to be great for property values, but 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 September 1st):
$252,176 (down $1,991 from our August post)

Percentage Owed:
29.7% (down .7% from our August post)

Home Equity
$596,833 (up $14,163 from our August 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 8 years and 9 months (105 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 9 years and 7 months (115 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 for as long as possible 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 5-7 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.

Monday, September 3, 2018

AUGUST 2018 - DIVIDENDS RECEIVED


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

DIVIDENDS 

During the past month, our family received dividends/partnership distributions from a total of 9 companies/ETFs/Partnerships. The total monies received from those 9 companies/ETFs/Partnerships was: $228.97

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


WELLS FARGO INVESTMENT ACCOUNT:
8/01/18 - VZ (VERIZON COMMUNICATIONS COM): $23.60
8/01/18 - GIS (GENERAL MILLS INC): $22.05
8/01/18 - T (AT & T INC): $20.17
8/03/18 - VOD (VODAFONE GROUP PLC): $59.74
8/15/18 - (REALTY INCOME CORP REIT): $3.30
8/15/18 - OHI (OMEGA HEALTHCARE REIT INV INC): $19.80
8/15/18 - KMI (KINDER MORGAN INC): $36.00
8/16/18 - COF (CAPITAL ONE FINANCIAL CORP): $2.00
8/21/18 - HCP (HCP INC): $14.80

EDWARD JONES INVESTMENT ACCOUNT:
8/1/18 - T (AT & T INC): $47.31

OVERALL DIVIDENDS TOTAL THIS MONTH: $228.97

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:

Wednesday, August 15, 2018

Mortgage Balance (UPDATE) - AUGUST 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 $836,837 (down $16,738 in the last 30-days). The traditional spring-summer spike in real estate continued to be great for property values, but 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 August 1st):
$254,167 (down $1,986 from our July post)

Percentage Owed:
30.4% (up .8% from our July post)

Home Equity
$582,670 (down $25,300 from our July 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 8 years and 10 months (106 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 9  years and 8 months (116 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 5-7 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, August 3, 2018

JULY 2018 - DIVIDENDS RECEIVED


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

DIVIDENDS 

During the past month, our family received dividends/partnership distributions from a total of 18 companies/ETFs/Partnerships. The total monies received from those 18 companies/ETFs/Partnerships was: $384.51

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


WELLS FARGO INVESTMENT ACCOUNT:
7/02/18 - LADR (LADDER CAPITAL CORP): $16.25
7/03/18 - KMB (KIMBERLY-CLARK CORP): $17.00
7/09/18 - MRK (MERCK & CO INC): $4.80
7/12/18 - VTR (VENTAS INC): $12.64
7/13/18 - JCI (JOHNSON CTLS INTL PLC): 6.50
7/13/18 - (REALTY INCOME CORP REIT): $3.30
7/13/18 - MDLZ (MONDELEZ INTL INC): $4.40
7/16/18 - WPC (W P CAREY INC): $6.12
7/16/18 - VER (VEREIT INC): $61.88
7/16/18 - OXY (OCCIDENTAL PETE CORP): $30.80
7/16/18 - CAH (CARDINAL HEALTH INC): $21.43
7/16/18 - ARI (APOLLO COMM RE FINANCE INC): $74.66
7/18/18 - NTR (NUTRIEN LTD): $7.20
7/25/18 - GE (GENERAL ELECTRIC CO): $18.00
7/27/18 - BNS (BK NOVA SCOTIA HALIFAX): $9.41
7/31/18 - TD (TORONTO DOMINION BK): $10.28
7/31/18 - ORCL (ORACLE CORP): $2.09

EDWARD JONES INVESTMENT ACCOUNT:
7/25/18 - CMCSA (COMCAST CORP): $77.75

OVERALL DIVIDENDS TOTAL THIS MONTH: $384.51

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, July 20, 2018

Net Worth Report (UPDATE) - JULY 2018

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:                      $ 537,932
P2P Lending Accounts:                   $    5,743
Dividend Stock Accounts (DSA):     $   84,028
DSA - Surplus Cash:                      $  18,677
College Savings Accounts:              $  78,840
Cash and Savings:                         $  50,338

GRAND TOTAL
$775,558
(Increase of $14,201 since January 2018)

Although we do not count it as part of our Net Worth,
it is still nice to know that our Home Equity is:
$607,970*
(Increase of $47,939 since January 2018)

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: $1,383,528 (Increase of $62,140 since January 2018).  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.

Monday, July 16, 2018

Mortgage Balance (UPDATE) - JULY 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 $864,213 (up $1,242 in the last 30-days). The traditional spring-summer spike in real estate continued to be great for property values, but 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 July 1st):
$256,153 (down $1,982 from our June post)

Percentage Owed:
29.6% (down .4% from our June post)

Home Equity
$607,970 (up $6,280 from our June 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 8 years and 11 months (107 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 9  years and 9 months (117 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.