Okay… fair enough, this one is wayyyyy late. I also accidentally overwrote my Q3 report since I like to copy the format… oops! I guess we’ll never know what Q3 was all about!… but that’s neither here nor there. We look toward the future when it comes to financials, not the past!
I’ve had other priorities and this fell by the wayside. After plenty of time off, I’ve started working again and contributing back into my portfolio so the Q1 2019 post should be a bit more exciting than this one.
What Happened in Q4 2018?
In all honesty, I don’t remember contributing much to the last quarter last year since I was out of a job. I messed around with stocks a bit and made sure that I just didn’t touch any funds from my invested accounts. Mostly, all of my money was just pulled from the savings account. It’s a strange phenomenon to be able to just take a bunch of time off and have basically no worries.
Anyways, let’s get to the numbers…
Here are my updated numbers for Q4 – 2018:
I’m not going to deep dive too hard on the numbers this quarter, but Stash and Acorns are now becoming players in my portfolio and will continue to do so. I like investing in specific stocks, but I realized I have trouble being disciplined as a long term investor in single stock trading accounts like Robinhood that offer free trades.
Here are the monthly numbers for Q4:
|Name||Quantity||Payout||Frequency||Amount Per Month|
|Capital One 360 Money Market||1||$21.33||4||$7|
Changes from Q3 – 2018 to Q4 – 2018
Q3 was a bit higher at $519 a month. There were a few things that contributed to the decline of the total amounts. One, was I reinvested much of my LendingClub money as well as not adding funds. Although the rate of return has been increasing slightly, I balanced re-investing and pulling funds. Moving forward I will not be re-investing at all.
Overall 2018 Passive Income – I would likely want to highlight this in the future, but for this past year it’ll likely remain a blip here at $5,841 in passive income for the year. Not bad… that’s more than I made my first year of working when I was 16!
Acorns and Stash – I’ve been into Acorns most of the year, but now the balance is getting high enough to begin including the dividends. Before, with the fees, it was not worth counting quite yet. I’ve also started a Stash account. Originally, I thought it was going to be short lived, but I’ve found that it helps me maintain a nice controlled individual stock picking account. It helps me fiddle with stocks less and has allowed me to look at it as a longer term solution for stock picking vs an account like Robinhood. For myself, it makes trading almost too easy.
What Bills Can I Pay For?
- Cell Phone ($26) – $9 Less & More Data – Switched from Boost Mobile to Mint Mobile
- Gas for driving ($80)
- Electric ($50)
- Amazon Prime ($10)
- Internet/Cable ($50)
- Gym ($80)
- Dental Insurance ($28)
- Condo Insurance ($20)
- Car Insurance ($25)
No changes really in the bills besides that I made less money per month leaving me with $65 per month left after the above bills are paid off.
What Bills Are Left?
I still have the same 3 bills left:
- HOA ($311) – Condo Association Dues
- Mortgage ($794)
- Health Insurance ($276)
I still can’t afford to pay for any of these bills and I remained unemployed through the rest of 2018.
What Goals Do I Hope To Accomplish In 2019?
I was aiming to eliminate in 2018:
- HOA ($311)
I didn’t accomplish the HOA knockout I was hoping for and originally was hoping for the Health Insurance bill on top of it. Most of it was really just because I was unemployed although I still think I would have come up short. Here are my 2019 goals now that I am back to employment and revitalized!
- Rent out my condo – The plan this year is going to try out being a landlord. Although I have my reservations, I think it’ll be a good experience. This should bring in some additional passive income each month.
- Eliminate HOA bill – With renting out the condo, this should be fairly easy to accomplish. I’ll re-adjust based on how the year goes.
That’s the quick rundown. Nothing flashy, but still staying on track. I have not lost the FIRE inside of me and will continue to provide updates on my journey!
*Last Note: I do realize that the money would be taxed had I decided to pull the money out. For now, all stock and index dividends are getting reinvested though. I can number crunch later when figuring out taxes, etc. but for the purposes of achieving my shorter term goals, I’m not figuring taxes in. Am I fooling myself? Maybe, but I’m okay with that for now.