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 $6,187.
Expenses total right at $1,307.
This month was another crazy month. A few expenses did not hit my tracker above yet. I saved $4,300, with most of it now shifting to my taxable account vs crypto. This is because my crypto is almost at my target allocation. That is right around a 54% savings rate.
- $1,811 TSP
- $2,259 Taxable Account
- $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: $421,095
That is a +$3,603 gain since last month’s net worth update for May was $417,492
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.
I am not sure how I hit another positive month for growing my net worth. I thought it would be lower seeing my crypto took a big hit in June. I opened another crypto account through Celsius to earn more interest. The more free money the better my wealth-building gets!
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.
I suspect at this rate I’ll hit the $500K around December maybe sooner. Crazy to think I went from $20K to over $400K in 6 years never making $100K at my W2. With saying that I don’t feel like I did anything that crazy and man if I had a partner it would have been that much easier to build more. My wife and I keep finances separate but combined.
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.
I have to be honest with myself, work has completely sucked since I have been back from my two-week adventure where we went from San Diego to San Fransisco and everywhere in between. I think a lot of it is because I hit Financial Independence so now I really hate work that much more. On top of that, I’m in one of those gigs where when you are good at something and excel they use and abuse you with no extra pay.
But enough of that soapbox, back to a positive note. I’m still madly in love with RV life. There is something so peaceful about this lifestyle. Now it’s not always all rainbows and sunshine there are days where everything is just fucked. Where I’m fixing something or replacing something. Yet I have found the more I live this life the easier and less hassle those days become. I honestly wish more people would adopt this type of life or at least look into it.
I think it would have a huge impact on the environment, their health, finances and happiness for sure.
It’s about to be the fourth of July and just found out San Diego does a Firework show that is right on the water in front of our spot downtown on the harbor. So we have front row seats for it!!!
In two weeks I’m actually changing billets and moving to a new command. Which from the looks of it will be a lot more chill than my current position. I recently started up on a few more fitness goals.
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 Empower. 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.