Tuesday, February 22, 2022

Mortgage Balance (UPDATE) - February 2022


If you have viewed our family's Net Worth Page, you probably already know that it does not include 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. 

It's official! According to Zillow, our home is currently worth $1,320,300 (up $72,250 in the last 30-days). Wow!! Yes, that is not a typo. Not sure if everyone else is seeing the same but the housing market is still out of control here in Southern California. 

As mentioned in our post back in May of last year, a nearby home in our community sold for an unexpected $1.4 million dollars! We can't believe the home sold for as much as it did! More importantly, we can't believe that we now own a home that is worth over $1 million, and still climbing! And as of September of last year, our family is now sitting on a million dollars in home equity....and it appears to be growing each and every month!

Mortgage Balance (As of February 1st):
$162,033 (down $2,611 from our January balance)

Percentage Owed:
12.3% (down 1.0%)

Home Equity
$1,158,267 (up $86,711)


Mortgage Background:
For those that have not read the Preface on our home equity, we currently hold a 15-year fixed-rate mortgage at an awesome rate of 2.875%.  My goal is to retire within 5 years and 6 months (66 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 6 years and 0 months (72 months) left on our mortgage. Personally, I would like to have it paid off before I retire, and ideally a couple of years beforehand. 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. 

With my wife back to work, we are blessed that we now have more money to both invest and through towards the mortgage. We did some home improvement projects last year but this year has been all about building wealth and decreasing our mortgage payoff date. We are actively buying dividend stocks again and thereafter throwing unspent monies towards the mortgage balance. At a certain point, we may consider using some of the money from our dividend stocks account to wipe out the remaining mortgage balance. The dividend stocks account is roughly 65% of our mortgage balance so there isn't enough just yet. But the idea is to build the dividend stocks account while simultaneously decreasing the mortgage balance until both numbers are equal. At that point, whether we decide to do it or not, the option would exist to wipe out the mortgage using the dividend stocks account. 

Friday, February 4, 2022

January 2022 (Recap) - DIVIDENDS RECEIVED


Happy Friday everyone!! Can't believe January flew by so quickly. The way things are going for our family so far in February, and with only 28 days in February, it appears that this coming month will fly by as quickly as January did. 

After a brief pause to do some home improvements, our family resumed active trading in May of last year. We have since resumed active trading activities each month.  

Although we no longer post full details of our buys and sells activities, we had 3 sells and 1 buy this past month.

Sells (decrease in Fwd Dividends: $126):
  • SU (SUNCOR ENERGY INC) - $126.00
  • BKR (BAKER HUGHES A GE CO) - $36.00
Buys (increase in Fwd Dividends: $10/yr):
With the activities seen above, our forward annual dividends, unfortunately, decreased roughly $165.20. While our forward dividends did decrease this past month, we do have a little more cash to invest in the coming month now. Plus, our recent purchase of HES is currently up $150.61 which certainly takes a little bit of sting from the decrease to our forward dividends.  

What is everyone else doing? Are you buying anything right now?   

Now for what you all came to see, below is a list of the dividends/partnership distributions that we received from our family's dividend stocks portfolio.

During the past month, 9 companies/ETFs/Partnerships/Cash In-Lieu. The total monies received from those 9 companies/ETFs/Partnerships was: $239.95 

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


1/10/22 - MO (
1/14/22 - O (REALTY INCOME CORP): $4.19
1/14/22 - OXY (OCCIDENTAL PETE CORP): $2.28
1/18/22 - LADR (
1/18/22 - CAH (CARDINAL HEALTH INC): $49.08
1/31/22 - LTC (LTC PROPERTIES INC REIT): $7.60
1/31/22 - EIX (EDISON INTL): $10.50

1/26/22 - CMCSA (COMCAST CORP CLA): $102.30


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

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