June 2016 Net Worth update (+7,831)




Highlights for June

  • June has been a busy month for us, a Carpe Diem kind of month to me. Overall spending has been up as we try to make the most of summer.
  • I handed the keys over to a property manager on June 6th for one of our recently vacated rental properties.We will see how long it takes to get up and running. Im hoping in 3-4 weeks it will be rented and income flowing. For now we are going to be taking an upfront income hit in June/July as we transition.
  • Our annual corporate bonuses were paid out in June which helped with some of our cash growth.
  • In the beginning of June I took the family on a weekend road trip to visit my alma mater (VA Tech) using some hotel points. Family had a good time hiking to a local waterfall and enjoying some of the local college dives.
  • I spent the last 2 weeks of June on a business trip in Europe and flew my wife out on airline miles to meet me at the end of the trip to spend 5 days in Vienna, Austria. My in-laws have agreed to watch our kids while we are away which has been an amazing gift for us. I was hoping Brexit might have helped us more, but its still not inexpensive in Vienna. Overall we have had a great trip and would love to go back sometime.


May 2016 Net Worth Update (+$12,330)




Highlights for May

  • One of my rental properties lease is ending and the tenants are vacating in June. I've wrestled with using a property manager in the past, but have a hard time justify it given the cost. We'll this time I am going to bite the bullet. The tenants were hard on the house and it needs some serious work to fix up for a re-rent. I don't have the time to manage flipping this rental and everything else so Im going to try out a property manager to see if I can buy back some of my time. If its a positive experience then I might expand to the other properties.
  • 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 a small corporate award at work this month that helped boost our cash growth.
  • Im planning a 2 week business trip back to Europe in June and we are discussing cashing in some airline miles to fly my wife out there for a few days at the end of my trip.


April 2016 Net Worth (+$19,978)




Highlights for April

  • Things settled down in April - not too much activity in the markets, not too many highlights at home.
  • 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 had a quick business trip to Europe this month for 3 days, but other than that no business travel in April! Things are slowing down for at least a bit at work.
  • My wife and I started exploring the possibility of renting a house in Europe/France for a month for our summer vacation, but couldn't quite get organized enough to finalize plans. We've decided to shelve the idea for now and expect to have a slow summer with maybe a couple small trips nearby.
  • I upped our monthly 529 contributions slightly to now $300/mo which are not reflected on our balance sheet.


March 2016 Net Worth (+$62,928)




Highlights for March

  • March saw nice paper gains as the stock market valuations continued to rise.
  • 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.
  • My family and I spent 10 days in Jamacia on a "points & miles" vacation. We cashed in miles on American Airlines for 4 round trip flights to Montego Bay and enough IHG points for 10 nights at an all inclusive Holiday Inn Resort. It was a great time for our family and looking forward to our next adventure.
  • Since right now we don't have any significant vacations planned for this summer, I paid $450 for a family pool membership nearby. We ended up going to the pool ~25 times last summer so I expect we will be on par with that this year.


February 2016 Net Worth (+$21,570)




Highlights for February

  • Well February was looking very exicting there a couple weeks in, but the stock markets came roaring back too qualiy and my hopes of a significant buying opportunity vanished.
  • 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 another 2 weeks traveling for work in February in Asia Pacific. I've roughly spent 50% of the past 6 months traveling for work and hope this slows later this year, but still have a busy 1H2016.


Last 15 Personal Finance Entries


02/14/2016 | January 2016 Net Worth (-$63,181)
02/14/2016 | December 2015 Net Worth Update (-$15,351)
01/06/2016 | November 2015 Net Worth Update (+$13,459)
12/30/2015 | October 2015 Net Worth Update (+$67,372)
10/18/2015 | Kashi Settlement Up to $27.50 Back
10/15/2015 | September 2015 Net Worth Update (-$23,199)
10/15/2015 | August 2015 Net Worth Update(-$44,297)
08/16/2015 | July 2015 Net Worth Update (-$2,103)
07/18/2015 | June 2015 Net Worth Update (+2,172)
06/14/2015 | May 2015 Net Worth Update (+15,309)
05/03/2015 | April 2015 Net Worth Update (+$16,009)
04/30/2015 | Financial Freedom Plan - 2015 Update
04/13/2015 | March 2015 Net Worth Update (+$5,216)
03/08/2015 | February 2015 Net Worth Update (+$44,489)
03/02/2015 | January 2015 Net Worth Update (-$20,867)

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: $1,465,493

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