Personal Finance Archives - Page 2 of 17

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.

July 2019 Financial Update – Exploring Cambodia and Thailand Edition

August 19, 2019 JustinRoG Awesome!, Financial Independence, Personal Finance, Travel

The Root of Good family just got back to the US after an eight week adventure in Southeast Asia. We spent the month of July split between Cambodia and Thailand.

Now that we’re rested up and mostly recovered from the jet lag, I wanted to take a break from life and share our July financials before we get busy with all the back to school activities coming up soon.

Our net worth dropped ever so slightly from $2,114,000 to $2,112,000 (a $2,000 drop). Income remained strong at $2,777 for the month of July, while our expenses remained moderate at $1,961.

June 2019 Financial Update – Exploring Vietnam Edition

July 11, 2019 JustinRoG Financial Independence, Personal Finance, Travel

June was an incredibly busy month for the Root of Good family. We spent the first half of the month at home in Raleigh wrapping up the school year for the kids. Then we relaxed for a few days before packing our bags for our big eight week summer vacation in Southeast Asia.

We spent the second half of June in Vietnam where we visited Ho Chi Minh City (Saigon) and Can Tho, a smaller city in the Mekong Delta region. I’ll have a more in depth update of that part of our trip in a future post, but read on to get a glimpse into the trip so far.

While we were hitting the road and discovering new parts of the world, our finances did a great job of taking care of themselves. June was a huge success financially. Our net worth climbed $92,000 to reach $2,114,000. Our income was strong at $8,412 for the month while our expenses totaled $4,343.

Quit Like a Millionaire

July 9, 2019 JustinRoG Financial Independence, Personal Finance, Travel

Today we have a guest post from Kristy from the blog Millennial Revolution.

“Anyone can become FI with a 6-figure salary!”

“Financially independent?! If you’re not American and privileged, forget it!”

“Try to become FI if you are living on $30K a year while raising a family! HA!”

These are some of the biggest criticisms of the FIRE movement. Apparently, we’re all a bunch of rich assholes and there’s no way you can become financially independent if you weren’t born with privilege.

I get it. Seeing other people succeed is excruciating when you’re struggling. It’s easier to dismiss their accomplishments so you can feel better. I was there. I used to be a hater too.

May 2019 Financial Update – Lazy May Daze Edition

June 10, 2019 JustinRoG Financial Independence, Lifestyle, Personal Finance

May was another successful month of early retirement. We took it easy and enjoyed a relatively slow month of leisure with family and friends. I spent a few days being a “real” blogger and influencer by attending Camp FI in Virginia where I gave a presentation titled “FIRE for Fun!”. That makes me a real blogger, right?

Our finances were a mixed bag in May. Our net worth dropped precipitously by $87,000 to end the month at $2,022,000. Fortunately our cash flow situation was much better. Income remained decent at $3,438 while our expenses dropped significantly to only $752 for the month of May. When income exceeds outflow, you can’t worry about finances too much!

April 2019 Financial Update – Cuba Cruise Edition

May 10, 2019 JustinRoG Financial Independence, Lifestyle, Personal Finance

Time flies when you’re having fun! We’re almost half way through May and I’m just now updating our April financial snapshot. We have been vacationing, volunteering, and enjoying the wonderful springtime weather. What can I say? I’m retired and don’t always have time to focus on this blog!

We had a great financial month during April. Our net worth climbed $47,000 to $2,109,000 thanks to great stock market returns. Our income for the month remained strong at $4,794 while our expenses were rather low at $1,591.

Here is a more detailed look at our April finances along with some pictures to show what the life of an early retiree looks like.

March 2019 Financial Update – Springtime Pollen Edition

April 9, 2019 JustinRoG Financial Independence, Lifestyle, Personal Finance

Spring is definitely here in Raleigh. Warm afternoon temperatures bring us outside while green clouds of pollen filling the air push us back inside. And everything is in bloom!

We had a busy March as you’ll see in this article. April will be no different. We are just a few days away from departing for our one week cruise to Jamaica, Mexico, and Cuba. When we return, the last week of April will be filled with volunteering at our kid’s school all week and a big birthday party to close out the month.

Our March financials look great. Net worth climbed $13,000 to $2,062,000. Our spending remained low at $2,299 while our income continued to be strong at $4,553. We just wrapped up another month where income greatly exceeded spending.

February 2019 Financial Update – Mexico City Edition

March 8, 2019 JustinRoG Financial Independence, Lifestyle, Personal Finance

We’re back for another monthly update on the life and times (and finances) of Root of Good! February was a whirlwind of activity that had us out and about exploring the Raleigh area during periods of unseasonably warm weather. Then we hopped on a jet plane to go south of the border for the last half of the month. We spent a wonderful twelve days in Mexico City celebrating our fifteenth anniversary (and we left the kids at home with grandma!).

One of the magical moments in early retirement is when you head off for a couple weeks of vacation somewhere exciting and your net worth shoots way up. You don’t do a thing and you grow wealthier!

That happened for us in February. Our net worth climbed by $45,000 to $2,049,000 while we were traipsing around the woods in Raleigh and hopping on subways and eating tacos across Mexico City.

Income remained strong for the month of February at $4,430. Expenses dropped to $1,537 for the month which is somewhat surprising given we spent half the month living it up on vacation.

January 2019 Financial Update

February 11, 2019 JustinRoG Financial Independence, Lifestyle, Personal Finance

January was another busy month for us in the Root of Good household. We worked hard planning our summer trip to Southeast Asia. We got outside and played a bit when the weather was nice. And we bundled up against the cold when winter returned with full force.

Financially, last month was quite a blockbuster. Our net worth jumped $133,000 to re-cross the mythical $2,000,000 mark and land at $2,004,000 by month’s end. Income was strong at $3,779 while expenses remained within our budget at $2,937.

Let’s dive into January’s financial update!

December 2018 Financial Update and 2018 Spending Summary

January 7, 2019 JustinRoG Financial Independence, Personal Finance

Out with the old and in with the new! 2018 proved to be another fun-filled and successful year of early retirement for us at Root of Good. I’m looking forward to 2019 being more of the same. Our oldest child will enter high school (!!) in the fall which means college is just around the corner.

We have several trips lined up for 2019 that will bring us to Mexico, Cuba, the Caribbean, and Southeast Asia. We’ll be spending more than two months overseas exploring new places, eating new foods, and wondering how we ever had time for full time jobs.

Looking back on December’s finances, we saw a very significant drop in our net worth. Due to a major stock market correction, our net worth dropped $117,000 during December to end the year at $1,871,000. Compared to 2017, we were $166,000 poorer at the end of 2018, which represents an 8.1% drop in net worth versus 2017’s $2,037,000 year end balance. After a brief bout of volatility in January and February, 2018’s market was mostly uneventful until October when stocks went into decline. Tough times in the stock market, but that is to be expected occasionally.

Spending for the month of December totaled $3,878 with a year end total of $29,058 for all of 2018. Income for the month of December was very high at $21,030 due to year end dividend payments and several double payments from blog advertisers. Income for the year totaled $72,605 and was roughly half blog income, half investment income.