I want to explain why I do a monthly net worth update.
- Keep me accountable
- Track my journey
- Prove that anyone can become a millionaire
- Prove that FIRE works
Another month and I’m still inching my way closer to FIRE! Stay consistent and keep investing like it’s going out of style.
This month I made $5,801.
Expenses total right at $3,052.
This month was another crazy month. I saved $2,011, nothing fancy, and one of my lowest saving rates. That is right around a 27% savings rate.
- $1,811 TSP
- $300 Crypto Account
Checkout CC hacking it saves me a ton of money!
Side Hustle Income: $0
This month I had no side hustle money. I also am now earning interest in my BlockFI crypto account. Not sure if I count that as a side hustle though.
Net Worth: $440,529
That is a +$19,434 gain since last month’s net worth update for June was $421,095.
This is where it gets a little sticky now. My net worth posted on Personal Capital in the sleek graph below is wrong. Still, have some of that crypto that would not link to Personal Capital.
I love using Personal Capital to track my Wealth.
Even though I hit one of the lowest savings rates I have I still saw almost a +$20K month! This is because it’s almost all returns from the market. This is why it’s so important to get as much invested as soon as possible. Your money will start out earning you.
Each little step I optimize the better my results become. For me, it’s all about the math right now to build my wealth stash. This is not saying I don’t spend money. I spend money based on what I value and what will bring me long-term joy.
This month I bought a motorcycle as a new adventure toy. It’s a Kawaski KLR and can go off-road and on regular streets. It’s also known as being a bike that is super reliable, lasts forever, and holds its value. All I did was a little research and found the perfect bike to meet all my needs and low cost to keep while holding value.
For the purpose of this blog, I only show my portfolio and don’t show our combined portfolio. I’ll leave it at we are doing very well and way above average. Which makes going to work that much harder every day! But my plan is to pull the RE card in the summer of 2024.
Life has been fucking nerve racking for me this month. I went from changing commands to my CO refusing to let me go. In 17 years in the military I have never seen or heard of a CO doing this. On top of that it worked! HQMC decided to cancel my orders and keep me at my current unit.
I’m not sure how I feel about the whole thing. Just sucks to be pulled back on forth like that not knowing what will happen. Not knowing if I am starting at a new place or not. I guess it’s good to know I will be at my current gig until I probably retire. I really love the group of Marines that work for me. So I am happy that I get to stay and take care of them to the best of my ability.
I mentioned above but I’ll say it again I bought a Kawaski KLR! It’s a 2016 in a camo color, and I love it. It was a 10 hour drive to go get it but It was a good price and came with a bunch of upgrades and a few extra goodies. Ironically I don’t even have my motorcycle license yet. But I will be getting it now that I own a bike.
I am still highly considering selling the RV and buying a Skoolie! Something about it being drivable just seems like it would make the lifestyle more enjoyable and flexible to me. But I have a few things to finish up on the RV before I list it to see what offers I could even get. For a nice built-out Skoolie it would cost around $50K. I think I could get around $20K-$25K for my RV especially if I threw in the truck. Both are paid off so that cash would go straight to the Skoolie if I bought one.
The only downside to the Skoolie that holds me back is room inside of it for our two Great Danes. Skoolies are not very wide, our RV has a slide out that makes it have a lot more usable room. This would not be an issue if I was retired because we would be outdoors more.
I’m in very good shape and don’t ever go to the gym or lift weights. I only do functional bodyweight training and calisthenics. I have recently thrown around the idea of doing an ultra marathon just for fun to see if I can. Right now I can run about 13-14 miles straight with no distance training. Most people would say start with a marathon but what the hell. I like to challenge my body even at 36 years old to show everyone what an amazing machine it is.
For those of you that have been following my Net Worth Updates can probably skip the rest of this post.
Barista and Coast FIRE group.
I have created a FIRE group for Barista and Coast FIRE people. I saw there was a gap in the community and these paths seem like the more enjoyable path. So I said, “why the hell not take on this as a passion project?”
One of my desires this year is to really get and build more community! Here is the Barista and Coast FIRE group HERE.
Join us in our no judgement FIRE group
No gym, weights, or fancy gear for over a year! I’m literally slaying this fitness routine. It’s Fun, Simple, and Works. I’m literally gaining flexibility, strength, endurance it’s incredible. Mind you this is with me having multiple injuries from the Marine Corps. I have learned I never needed that gym anyway.
On top of that, I have started to cultivate a Facebook Fitness group where anyone is welcome to come to join us. I set Bootcamp challenges to get everyone motivated and active.
Do you have a fitness goal for 2021?
- Get stronger
- Lose stubborn body fat
- Get a more defined six-pack
- Be more active without being judged
Join my FREE no judgment fitness FB group HERE. The goal is to build a community and help positively impact your health for FREE.
Hopefully, you enjoy these updates and it inspires you to keep going!
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My favorite free financial tool to manage my net worth is Personal Capital. You get a $20 Amazon gift card for signing up.
My favorite free investing platform is M1 Finance. You get $10 for signing up. No trading or management fees plus you can buy fractional shares.
My favorite phone service is Mint Mobile. You get a $15 renewal credit for signing up. I get a year of phone service for a rock bottom price of $240. As a guy who travels and lives in an RV full-time, this service has been amazing.