Friday, July 26, 2019

Mortgage Balance (UPDATE) - July 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. 

According to Zillow, our home is currently worth $840,939 (up $8,907 in the last 30-days). Looks like the real estate trend once again heats up 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 possible delay our home search until next summer. We know interest rates will likely 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 believe that as interest rates rise, home prices will fall and hopefully allow us to move into our next house and a deeper discount and thus smaller tax liability.  

Mortgage Balance (As of June 1st):
$231,901 (down $2,139 from June post)

Percentage Owed:
27.5% (down .6 since our June post)

Home Equity
$609,038 (up $10,238 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 7 years and 11 months (95 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 11 months (105 months) left on our mortgage. Nevertheless, I would like to have it paid off in roughly 5-6 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, July 21, 2019


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 – June 2019 (recap).


During the past month, 17 companies/ETFs/Partnerships. The total monies received from those 17 companies/ETFs/Partnerships was: $222.51. 

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

6/03/19 - WFC (WELLS FARGO & CO): $3.15
6/03/19 - HP (HELMERICH & PAYNE INC): $3.55
6/03/19 - FTS (FORTIS INC): $8.35
6/04/19 - ENB (ENBRIDGE INC): $54.85
6/10/19 - XOM (EXXON MOBIL CORP): $17.40
6/10/19 - CVX ( CHEVRON CORP): $5.95
6/11/19 - NOK (NOKIA CORP): $4.21
6/14/19 - IP (INTERNATIONAL PAPER CO): $7.50
6/14/19 - CTL (CENTURYLINK INC): $15.00
6/20/19 - BLK (BLACKROCK INC): $13.20
6/24/19 - RDS.B (ROYAL DUTCH SHELL PLC): $13.16
6/25/19 - SU (SUNCOR ENERGY INC): $4.78
6/27/19 - EDIV (SPDR S&P EMERGING ETF ): $43.44



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: