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
I hit FIRE in 2023 at age 38! Stay consistent and keep investing like it’s going out of style.
Income
My income totaled $6,343. This combines passive income from my military retirement and VA compensation.
Expenses
My expenses totaled $4,058.
Savings
Now that I am retired, the focus is not on a high savings rate. But seeing my passive income is 2x what I usually spend, I foresee myself still saving and investing some money. This month, I saved $2,284.
- $2,284 Money Market Account
Check out CC hacking, it saves me a ton of money!
Side Hustle
Side Hustle Income: $0
Net Worth: $891,236
My net worth does not account for my passive income. I only account for my liquid investments, cash, paid-off RV, and truck. However, I put my RV for far less than NADA says it’s worth and less than similar models on the used market. I eventually might take the RV and truck off completely, but as of today, it accounts for $2.5K of my total net worth. I have been lowering the RV value by $500 every month, and I plan to keep doing this until it’s at a relatively low amount or off completely.
That is a +$46,677 gain since my last net worth update for May 2025 was $844,559.
I love using Empower to track my Wealth.
Final Thoughts
Another month, and a great time to be an investor who did not let their emotions blind their financial plans!! It still blows my mind just how many people swore this time was different. Yet we are now at all-time highs in the market. Because of that, I am seeing a new all-time high in my portfolio. We went from seeing posts saying what to do in times like these in PF/FIRE groups and commenters telling them to move their money to cash and stop investing. Now, just a short few months later, we are seeing posts showing they are hitting all-time high marks in their portfolio.
Just like that, all those people who were so loud and sure about their stance are real quiet. I wish these same people would share how they are doing and what happened, and what they learned from this mistake.
I’m starting to think about paying off my truck faster and could use my cash holding and pay it off over the next month. I know the math says to invest my extra cash and cash flow, but having as much as I do invested and being retired, I am starting to think that having lower fixed monthly expenses would be something to think about.
But overall, it was a great month, and I am getting close to that $900K mark!! Though I am sure as I type this, the markets could go back down, but that is what I expect. But long-term, it will just keep going up, like all the statistics over the last 100 years have proven.
My Passive Income
It’s cool that I make $76,116 annually without even touching my investments. That is the equivalent of $2,511,828 million invested at a 3% SWR. If you add my investment portfolio, I could have around $101K-126K a year in passive income with around a 3%-6% SWR.
My portfolio plan would be to use guardrails. If the market is down that year, I would use a 3% SWR. If the market has a 0%-10% return, I would use a 4%-5% SWR. Lastly, if the market has a +10% return, I would use a 6% SWR. Though this is all theoretical as I have not implemented it, and when I do, I will adjust accordingly to make sure I don’t run out of money or die with too much.
As you can see, I don’t have any reasons to hustle for more money. Though this does not mean I might not ever make more money, as I have thought about starting to house hack or get into rentals.
It does feel incredible knowing that I can spend up to $126,000 a year and never have to work at a job to do so. It’s all passive income that I get, no matter what I do that year or where I live.
Those of you who 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, “I have to take on this passion project.”
One of my desires this year is to get and build more community! Here is the Barista and Coast FIRE group HERE.
Join us in our no-judgment FIRE group
Fitness
No gym, weights, or fancy gear for over a year! I’m slaying this fitness routine. It’s Fun, Simple, and Works. I’m gaining flexibility, strength, and 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 2023?
- 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 they inspire you to keep going!
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