July 2015 Net Worth Update (-$2,103)




Highlights for July

  • We have earned approx $3,400 (in gift cards, points, and miles) through credit card signup bonuses in the part year. I just redeemed a $475 bonus on the Barclays Travel Credit Card to help offset the final payment for our upcoming cruise vacation.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. We have done this during the the real estate market highs and lows. I believe real estate is too illiquid to list based on recent sale transactions. As a reference some recent Zillow values for our properties were: $197,166; $136,002; $300,005; and $216,831.
  • July was a relatively quiet month for us from a financial perspective.
  • We redeemed some Priority Club points for a long July 4th weekend getaway and I also had a 1 week business trip to Mexico in July that ended up being pretty much cost neutral for our budget.
  • I finished turning over the 3rd rental property this year in July. This is the first year I had to turnover 3 properties in the same year and not looking forward to doing it again due to the time demands. Hopefully we got good renters in that will hang around a while. On the plus side we did get to bump up the rent on all 3 properties this year.
  • At the end of July I made an incremental investment in Fairfax Financial as it dipped and our investment portfolio monthly return (0.28%) was very poor compared to our benchmark 2.14%.


June 2015 Net Worth Update (+2,172)




Highlights for June

  • We have earned approx $3,400 (in gift cards, points, and miles) through credit card signup bonuses in the part year. We just finished the last 2 offers and will be looking for my next opportunity.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. We have done this during the the real estate market highs and lows. I believe real estate is too illiquid to list based on recent sale transactions.
  • I received my employer's annual bonus in June. It was small, but better than last year's ($0) so a step in the right direction.
  • I took a step to move some of our available cash ($5,000) to accelerate paydown of the mortgage on Rental #3. Its the highest interest rate (5% fixed) debt we have.
  • In June we spent a week at Myrtle Beach for a vacation. These days I feel like we need a vacation every month. I would like more opportunities to slow down with the family.
  • In June I sold a significant portion of our Bank ETF (KBW) as it hit new highs and our investment portfolio monthly return (-2.12%) was slightly worse than our benchmark (-2.09%).


May 2015 Net Worth Update (+15,309)




Highlights for April

  • We have earned approx $3,400 (in gift cards, points, and miles) through credit card signup bonuses in the part year. We are actively working on 2 additional bonuses including the Delta Amex Card for 50,000 Skymiles & Barclay Travel Plus Card for $400 in travel credit.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. We have done this during the the real estate market highs and lows. I believe real estate is too illiquid to list based on recent sale transactions.
  • I spent 2 weeks in May on a business trip to China. I enjoying traveling (this trip included my first visit to Chengdu, China); but with a young family back home its difficult to manage. We end up spending more while I travel for work.
  • I'm expecting a small annual performance bonus in June for the first time in a couple years from my new employer. We continue to go through a great deal of transformation and uncertainty as we integrate our organization that was acquired from IBM last year. Change can be hard, but I continue to embrace it and hope it will payoff down the road.
  • In May we hired a painter to help take care of some long standing projects around the house. In the end we spent about $1,400 to update several rooms and some of the exterior of our house. I'm so far behind on home projects that it was a good value to see some progress, but I cringe at the thought of hiring someone to perform a task we can do ourselves. I do see this expense as a good example of the cost of the extra hours I am putting in the office that I could otherwise be putting towards home projects or this blog ;-).
  • Our portfolio performed poorly compared to our benchmark. I continue to think the markets are overvalued and focus our free cash on paying down our property mortgages.
  • In June we have a beach vacation planned for a week after my oldest daughter completes kindergarten. We are looking forward to some down time.



April 2015 Net Worth Update (+$16,009)




Highlights for April

About 2millionblog.com

A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,406,054

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