Financial Independence Archives - Page 2 of 15

May 2020 Financial Update

June 8, 2020 JustinRoG Financial Independence, Personal Finance

May is over and I’m back with another monthly update. In North Carolina we enjoyed very mild weather last month which meant we got to spend some great days outside. I took several 18+ mile bike rides down to the Neuse River and back home. We also spent plenty of quality time in the hammocks.

The kids are almost done with their remote learning “homeschool” before school officially breaks for the summer. As of now, we are planning on staying around Raleigh for the next two months. I’ve been busy cancelling all our reservations throughout South America and our August cruise.

Financially speaking, May was a very good month. Our net worth shot up $69,000 to end the month at $2,022,000. Income was relatively decent at $2,605. Our expenses were higher than average at $4,692 but that included a very expensive house repair that was mostly expected.

April 2020 Financial Update

May 5, 2020 JustinRoG Financial Independence, Lifestyle, Personal Finance

Another month in the record books. What a month it was! During these “interesting” times we are taking it one month at a time and remaining flexible about our expectations for the near future. It appears we are on the cusp of everyone giving up on the whole “stay at home” thing and doing whatever they want. So maybe everything will be okay. Or maybe we’ll be in Lockdown Round 2 in another month or two. Just have to adapt and stay flexible at this point!

At least while we are stuck at home, the weather here in North Carolina is beautiful so we have been able to enjoy the outdoors a lot. We also celebrated another kid’s birthday, held an immediate-family-only Easter egg hunt, painted a bathroom, and homeschooled our kids. I’m ready for a vacation!

From a financial perspective, April was an incredibly great month for us. After a devastating March, our net worth skyrocketed by $134,000 to end April at $1,953,000. Our income was very high at $8,548 while our expenses were low at $1,324 for the month of April.

March 2020 Financial Update – Rollercoaster Edition

April 6, 2020 JustinRoG Financial Independence, Personal Finance

Did March seem like a particularly long month to anyone else? Looking back at my month in review, I have a hard time believing the world has changed so much in one month. In America it was mostly business as usual on March 1st. However by March 31st we are all self-isolating at home, many places are shut down, and international travel is nearly impossible.

North Carolina hasn’t been particularly hard hit yet. One model forecasts that we won’t run out of hospital beds or ventilators during the peak in a couple of weeks, so that should help our local situation even more. Other folks in the rest of the country and overseas haven’t been as fortunate.

As with last month’s update, I’ll go over our finances and provide some more thoughts on current events near the end of this article.

Financially, March was about as ugly a month as I ever expect to see in my lifetime. Our net worth dropped by $298,000 to reach $1,819,000 by the end of the month. Income was relatively strong at $7,832 while expenses remained very low at $1,600 for the month.

February 2020 Financial Update and thoughts on the Coronavirus

March 16, 2020 JustinRoG Financial Independence, Lifestyle, Personal Finance

Well folks, we’re in the middle of a pandemic. It’s amazing how much life has changed since I wrote my last blog post a month ago. I am certain that the next few months will bring even more change.

I’ll cover my regular monthly financial stats in the first several sections of this post and share some more general thoughts on the coronavirus and its impacts in the last sections.

Financially, February was a rocky month for our investments. Net worth declined significantly by $114,000 to end the month at $2,117,000. The silver lining is that income for the month remained very strong at $5,298 while expenses totaled only $2,618.

January 2020 Financial Update

February 18, 2020 JustinRoG Financial Independence, Personal Finance

January is over and February is already half way over. It’s been a busy month here at the Root of Good house and I’ve been a total slacker when it comes to blogging. Since the start of the year we have researched, planned, and booked not one, but two (!!) big international trips (more details below). The unseasonably warm winter weather has proved quite a distraction too (in a very good way).

Financially, we had an okay month of January. Net worth declined $30,000 to end the month at $2,231,000. Income for the month remained strong at $3,270 while expenses totaled only $2,682 including a few dozen travel hacked international plane tickets.

December 2019 Financial Update

January 15, 2020 JustinRoG Financial Independence, Personal Finance

After a busy end of the year, it has taken me a while to pull this monthly update together. In December, we spent twelve days on a cruise. Once we returned home, the Christmas holiday season started shortly thereafter. Then the New Year’s celebration commenced. In between were several other gatherings of family and friends. I’m looking forward to a much lazier 2020!

From a financial perspective, we had a great month in December. Our net worth climbed $63,000 to reach another all time high of $2,261,000. Our spending was slightly below budget at $3,193 while our income was a monstrous $23,579 for the month.

November 2019 Financial Update

December 11, 2019 JustinRoG Financial Independence, Personal Finance

Here we are in the middle of December with just a few weeks left in the year. Where did the year go? It’s busy times as usual here in the Root of Good household. As I write this we are packing our bags to set sail to the Caribbean (again) on the MSC Divina and by the time this post goes live we’ll be somewhere in the Caribbean just off the coast of South America. Life is treating us pretty well!

On the financial front, it was another great month. Our net worth climbed by $31,000 to reach another all time high of $2,198,000. Income remained strong at $3,184 for the month while expenses remained rather low at $1,420.

October 2019 Financial Update

November 12, 2019 JustinRoG Financial Independence, Personal Finance

Another month flew by! In October, we embraced the fall weather and enjoyed the changing of the leaves. The kids enjoyed dressing up for Halloween and gathering huge sacks full of candy. All of us enjoyed the very mild weather which makes the outdoors way more fun.

On the financial front, it was another great month. Our net worth climbed by $44,000 to reach an all time high of $2,167,000. Income remained strong at $3,183 for the month while expenses remained moderate at $2,628.

September 2019 Financial Update

October 7, 2019 JustinRoG Financial Independence, Personal Finance

Summer is officially over and fall is here (finally). Between the heat and humidity of our summer vacation in Southeast Asia and the excessively warm September in North Carolina, I’m definitely ready for cooler weather. Fall, my favorite time of the year, means more pleasant outdoor weather for lounging in the hammock and exploring the woods on foot and by bike.

September was a lazy month for us. I got in several nice bike rides, played a bunch of video games, and read a few books. I’m a big fan of leisurely pastimes in early retirement in case you haven’t noticed!

Financially, September was a really good month. Our net worth climbed by $45,000 to reach $2,123,000 by month end. Our income was very strong at $8,462 while our expenses were a puny $979 for the month. If every month were like September, then soon we’d be rich!

August 2019 Financial Update – Back to School Edition

September 16, 2019 JustinRoG Financial Independence, Lifestyle, Moneyhacks, Personal Finance, Travel

Here we are days away from the official start of fall. We are fully recovered from our eight week vacation in Vietnam, Cambodia, and Thailand. After we landed in Raleigh, we were immediately busy with back to school shopping for supplies and clothes and several rounds of school orientations now that each of our kids attend a different school. Throw a teenager’s birthday party/sleepover into the mix and it made for a very busy August.

Now that the kids are back in school, the adults of the Root of Good household get to take a breather. Our daily schedule shifts from the summertime routine of waking up, touring temples and palaces, and gorging on street food to the school year routine of waking up, walking one kid to school, then returning home to sip coffee for as long as we want.

Financially, last month was a mixed bag. Our net worth dropped by $34,000 to end the month at $2,078,000. Income was better than average at $3,968 while expenses remained modest at $1,995 for the month of August. Any month where income greatly exceeds expenses is a win as far as I’m concerned. Small fluctuations in the stock market don’t mean anything in terms of long term financial success for early retirement.