Net Worth Update: June of 2016

Summer Fun in  2006

Summer Fun in  2006

I have an important family issue to take care of, so I’m just going to post a net worth update.  I’ll let the numbers do the talking.  The take away is that last month we added $9,450 to our 457 ($6,000) and 403b ($3,450) accounts.  As always, hardcore savings saves the day.  We will have three more months (July, August, and September) of 100% savings.  Here is our net worth as of June of 2016:

Net Worth for June of 2016
Assets$951,488Liabilities$0
Checking$16,000
No Mortgage!
$0
Savings$4,347
No HELOC!
$0
Stocks$141
Credit Cards
$0
Mutual Funds$4,536
72T IRAs$567,024
Traditional IRAs$122,182
Roth IRAs$25,231
457 Accounts$138,916
HSA$32,153
ESA-529-UTMA$40,958NET WORTH$951,488
Useful Resources: Companies and Services that We Actually Use.
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Investing:  The majority (90%+) of our money is invested at Vanguard.   If you know of a better low-cost option, please let me know.  Why Vanguard?
Net Worth Tracking:  We use Personal Capital to track our various accounts.  Personal Capital is an great way to aggregate all of your financial accounts at one easy-to-use website.
Banking:  We have used USAA for our checking and savings accounts since 1997.  We also have checking and savings accounts at two credit unions:   AlliantElements Financial, and Navy Federal.
Health Savings Account:  We use Elements Financial to access commission-free, low-cost Vanguard ETFs at TD Ameritrade.
Phone Options:  My wife loves her $10 a month plan at Republic Wireless.  I had the same plan and liked it too, but unfortunately I broke my phone in Mexico.  I currently use a WiFi-enabled phone at a cost of $0 a month thanks to three Google apps: Voice, Hangouts, and Hangout Dialer.  We also have a Skype subscription with its own number for unlimited U.S. calls ($80 a year).
Travel Hacking:  If you'd like to learn how to get "free" flights and hotel rooms, take the free course at Travel Miles 101.
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6 Comments

  1. Clay Rehmus

    Hi Ed,

    I habitually listen to your interview with the MadFientist. It is super inspiring because I see a lot of parallels in my life. While not a college athlete (or an athlete of any kind), I’m a Spanish teacher pursuing FIdom who started around 27. I just wanted to thank you for being such an inspiration!

    ¡Qué te vaya bien!

    • Clay,
      Thanks for the kind words. It always puts a spring in my step when anyone thinks my zany financial worldview has helped them. I’m about to officially FIRE in about a month, so it will soon be your job to represent Spanish teachers pursuing FIRE. God speed Clay! Thanks again for making my day.
      Hermanos en libertad financiera,
      Eduardo

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