Friday, January 17, 2020

Mortgage Balance (UPDATE) - January 2020


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 $872,521 (up $7,079 in the last 30-days). 



Mortgage Balance (As of January 1st):
$219,683 (down $1,988 from December post)

Percentage Owed:
25.1% (down .4% since our December post)

Home Equity
$652,838 (up $6,826 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 7 years and 5 months (89 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 8 years and 5 months (99 months) left on our mortgage. Nevertheless, I would like to have it paid off in roughly 5 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, 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, January 10, 2020

DECEMBER 2019 (Recap) - DIVIDENDS RECEIVED

Below is a list of the dividends/partnership distributions that we received from our family's dividend stocks portfolio – December 2019 (recap).

DIVIDENDS 
During the past month, 13 companies/ETFs/Partnerships. The total monies received from those 13 companies/ETFs/Partnerships was: $165.49. With the market reaching all-time highs this past month and uncertainties oversees, our family has decided to collect some profits.  As a result, we have started to see fewer dividends.  Nothing out there seems to be screaming "amazing deal!" so I think we will hang on to our pile of cash for now.  What is everyone else doing? Are you planning to collect any profits, or otherwise sell any losers before the end of the year?  

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


WELLS FARGO INVESTMENT ACCOUNT:

12/02/19 - WFC (WELLS FARGO & CO): $7.65
12/02/19 - HP (HELMERICH & PAYNE INC): $10.65
12/03/19 - ENB (ENBRIDGE INC): $55.52
12/10/19 - IBM (INTERNATIONAL BUSINESS MACHINE CORP): $9.72
12/10/19 - XOM (EXXON MOBIL CORP): $17.40
12/10/19 - CVX (CHEVRON CORPORATION): $5.95
12/13/19 - CTL (CENTURYLINK INC): $15.00
12/18/19 - RDS.B (ROYAL DUTCH SHELL PLC ADR B): $13.16

12/20/19 - NOV (NATIONAL OILWELL VARCO INC): $3.00
12/26/19 - SU (SUNCOR ENERGY INC ): $4.79

12/27/19 - EDIV (SPDR S&P EMERGING ETF): $7.37
12/30/19 - GILD (GILEAD SCIENCES INC): $3.15

12/31/19 - BPY (BROOKFIELD PPTY LP PARTNER): $12.13

EDWARD JONES INVESTMENT ACCOUNT:
N/A

OVERALL DIVIDENDS TOTAL THIS MONTH: $165.49

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:

Sunday, December 22, 2019

Mortgage Balance (UPDATE) - December 2019


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 $867,683 (up $5,375 in the last 30-days). 



Mortgage Balance (As of December 1st):
$221,671 (down $1,984 from November post)

Percentage Owed:
25.5% (down .2% since our November post)

Home Equity
$646,012 (up $668 from our November 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 7 years and 6 months (90 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 8 years and 6 months (100 months) left on our mortgage. Nevertheless, I would like to have it paid off in roughly 5 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, 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, December 6, 2019

NOVEMBER 2019 (Recap) - DIVIDENDS RECEIVED

Below is a list of the dividends/partnership distributions that we received from our family's dividend stocks portfolio – November 2019 (recap).

DIVIDENDS 
During the past month, 7 companies/ETFs/Partnerships. The total monies received from those 7 companies/ETFs/Partnerships was: $215.09. With the market reaching all-time highs this past month and uncertainties oversees, our family has decided to collect some profits.  As a result, we have started to see fewer dividends.  Nothing out there seems to be screaming "amazing deal!" so I think we will hang on to our pile of cash for now.  What is everyone else doing? Are you planning to collect any profits, or otherwise sell any losers before the end of the year?  

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


WELLS FARGO INVESTMENT ACCOUNT:

11/01/19 - GIS (GENERAL MILLS INC): $24.50
11/01/19 - (AT & T INC): $28.23
11/14/19 - SNH (SENIOR HOUSING PROP TR REIT): $15.00
11/15/19 - KMI (KINDER MORGAN INC): $62.50
11/19/19 - ETP (ENERGY TRANSFER LP): $29.28
11/22/19 - BKR (BAKER HUGHES A GE CO): $7.20
11/29/19 - WAB (WABTEC): $0.12

EDWARD JONES INVESTMENT ACCOUNT:
11/1/19 - T (AT & T INC): $48.26

OVERALL DIVIDENDS TOTAL THIS MONTH: $215.09


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, November 15, 2019

Mortgage Balance (UPDATE) - November 2019


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 $868,999 (up $2,035 in the last 30-days). Looks like the real estate trend once again continues its march upward during the summer months as families look to purchase homes and move in before the new school year begins.  Although our family is looking for a larger home, we have decided to wait until the market cools off a bit and  delay our home search until next summer. We know interest rates may rise from current levels but since we want to come as close to an outright purchase as possible, the home price is actually more important than the current interest rates.  We are currently socking away as much as possible to make sure we borrow as little as possible. In addition, a deeper discount on our next home equals smaller tax liability. We pay enough taxes on our paycheck and everyday purchase, we don't need a huge property tax burden on top of that. :)  




Mortgage Balance (As of November 1st):
$223,655 (down $3,952 from September post)

Percentage Owed:
25.7% (down 1.1 since our September post)

Home Equity
$645,344 (up $24,425 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 7 years and 7 months (91 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 8 years and 7 months (101 months) left on our mortgage. Nevertheless, I would like to have it paid off in roughly 5 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, 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.

Sunday, November 10, 2019

OCTOBER 2019 (Recap) - DIVIDENDS RECEIVED


Below is a list of the dividends/partnership distributions that we received from our family's dividend stocks portfolio – October 2019 (recap).

DIVIDENDS 
During the past month, 11 companies/ETFs/Partnerships. The total monies received from those 11 companies/ETFs/Partnerships was: $274.02

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


WELLS FARGO INVESTMENT ACCOUNT:

10/01/19 - BPY (BROOKFIELD PPTY LP PARTNERS): $11.79
10/01/19 - LDR (LADDER CAPITAL CORP): $17.00
10/03/19 - BPY (BROOKFIELD PPTY LP PARTNERS): $0.34
10/10/19 - MO (ALTRIA GROUP INC): $21.00
10/15/19 - VER (VEREIT INC): $46.06
10/15/19 - OXY (OCCIDENTAL PETE CORP ): $39.50
10/15/19 - LEG (LEGGETT & PLATT INC): $6.00
10/15/19 - CAH (CARDINAL HEALTH INC): $25.98
10/17/19 - NTR (NUTRIEN LTS): $8.11
10/25/19 - GE (GENERAL ELECTRIC COMPANY): $2.00
10/30/19 - BNS (BK NOVA SCOTIA HALIFAX): $10.31

EDWARD JONES INVESTMENT ACCOUNT:
10/23/19 - CMCSA (COMCAST CORP): $85.93

OVERALL DIVIDENDS TOTAL THIS MONTH: $274.02


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:

Thursday, October 3, 2019

SEPTEMBER 2019 (Recap) - DIVIDENDS RECEIVED


With the pending trade wars between US and China, our family's dividend stocks portfolio has been on the decline as of late. We are now seeing some recovery with increasing potential for resolution and also the possibility of lower interest rates from the Feds. And although we do have a few growth stocks mixed into our portfolio, majority of the companies we own pay some form of dividends. So although the stock price has dropped on a few companies, our dividend income stream remains relative stable. 

Below is a list of the dividends/partnership distributions that we received from our family's dividend stocks portfolio – September 2019 (recap).

DIVIDENDS 
During the past month, 14 companies/ETFs/Partnerships. The total monies received from those 14 companies/ETFs/Partnerships was: $329.70

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


WELLS FARGO INVESTMENT ACCOUNT:

9/03/19 - WFC (WELLS FARGO & CO): $3.57
9/03/19 - HP (HELMERICH & PAYNE INC): $3.55
9/04/19 - ENB (ENBRIDGE INC): $55.40
9/10/19 - IBM (INTERNATIONAL BUSINESS MACHINE CORP): $9.72
9/10/19 - XOM (EXXON MOBIL CORP): $17.40
9/10/19 - CVX (CHEVRON CORPORATION): $5.95
9/13/19 - CTL (CENTURYLINK INC): $15.00
9/16/19 - IP (INTERNATIONAL PAPER CO): $7.50
9/23/19 - RDS.B (ROYAL DUTCH SHELL PLC ADR B): $13.16
9/26/19 - EDIV (SPDR S&P EMERGING ETF): $59.64
9/26/19 - BBL (BHP GROUP PLC): $127.92
9/27/19 - SU (SUNCOR ENERGY INC): $4.74

9/27/19 - NOV (NATIONAL OILWELL VARCO INC): $3.00
9/27/19 - GILD (GILEAD SCIENCES INC): $3.15

EDWARD JONES INVESTMENT ACCOUNT:
N/A

OVERALL DIVIDENDS TOTAL THIS MONTH: $329.70


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: