Tuesday, November 5, 2019

Over 500K invested

Our investment accounts have hit another financial milestone, surpassing $500,000 in value!  This includes money in our 401Ks, Roth IRAs, taxable accounts, and 529.  This does not include money in our checking accounts, savings accounts, home equity or rental property equity.
Here are some of our previous investment milestones:
June 2, 2014: 100K
March 12, 2016: 200K
June 5, 2017: 300K
July 15, 2018: 400K 
April 16, 2019: 450K
Our investments are simple and our contributions are automatic.  We invest in index funds that track the US stock market (63%), international stock market (27%), and US bond market (10%).  Index fund investing allows us to diversify our portfolio and keep our costs very low.
We’ve had a good run, but we could have a stock market crash any day now.  Stock market volatility is normal.  In the long term, I expect that our balances will continue to hit all time highs.  We will continue to stay the course with our investments on our way towards financial freedom.  I'm looking forward to sharing more of our progress.

Here's a fun read from Stop Ironing Shirts regarding the power of saving $500,000 early on: The First $500,000.  At this point on our investment journey, we can coast our way towards financial freedom.  

Friday, November 1, 2019

Side hustles October 2019

­The great thing about doing side hustles to generate extra income is that you can hustle on your own terms.  The more hard work, time, and creative effort you put in, the more extra money you can make.  You can hustle as little or as much as you want, whenever you want.  It’s your extra money, and you can choose how you want to spend it.  Instead of focusing on what ideas don’t apply to you, try focusing on different side hustle ideas that you can implement to work for your situation.

Once a month (usually on the 1st), I like to post a short summary of our personal and financial situation for the previous month.  While I don’t often post articles, I am committed to documenting all of my side hustle income.  Here I’ll share some of what’s been going on with our lives and our side hustles. 

Welcome to November!  Did you have a good October?  This past month has been one of our busiest months with the family.  We have gone out for some kind of family activity every Saturday and Sunday in October!
The La Habra Children’s Museum has a new dinosaur exhibit that just opened up in October.  The timing couldn’t have been more perfect as our son is currently obsessed with dinosaurs.  He got to dress up like an archeologist and go through a jungle maze filled with different kinds of dinosaurs.  Our kids searched for dinosaur bones in the sand pit.  We visited the children’s museum 3 times in October.  Our kids know their way around the museum pretty well! 
The Aquarium of the Pacific in Long Beach is another favorite destination for our kids to visit.  Sea life is so fascinating and beautiful.  Our kids love exploring the aquarium and seeing all the different sea creatures on display.  Our son got to touch sharks, sea anemones, and even jellyfish!  
The gift shop is my son’s favorite exhibit, as he treats it like a toy store and library.  I’m glad we have season passes here, otherwise, we would feel like we aren’t getting our money’s worth by spending so much time in the gift shop.  We visited the Aquarium of the Pacific 4 times in October.
No October is complete without a trip to a pumpkin patch.  We took the family to Irvine Regional Park, where the kids got to ride a real 1/3 scale train, run through a hay maze, and check out tons of pumpkins.
A new fun kids place we discovered was Wonder of Dinosaurs, located in Redondo Beach inside the South Bay Galleria mall.  This 2 story amusement park is filled with a dinosaur museum, tons of fun bounce houses, motorized dinosaur rides, and even miniature golf.  The kids got a chance to get up close to life-like dinosaurs.  They loved hopping around the difference bounce structures.  There was even a dinosaur maze to run through!
This was the second year of going trick-or-treat in our neighborhood.  Our son was a shark and our daughter was a chicken.  They had a blast visiting all of our neighbors and getting lots of candy.
Here’s our monthly summary of side income that we have generated in the previous month of October.
Cash Back
On 10.22, I received a $4.00 statement credit on my Chase Freedom Unlimited credit card for 5% cash back at Kriser’s pet store.

Rental Income
On 9.5, we received a net profit of $450 from our rental property. 

Side Job Income
On 10.5, I received a direct deposit of $187.50 for teaching at the local university.

Survey Income
On 10.3, I received a $15 PayPal deposit from GLocal Panel for completing a medical survey.
On 10.15, I received a $15 check from E-Rewards Medical for completing a medical survey.
On 10.29, I received a $40 check from My Impact Network

Miscellaneous Income
On 10.22, I received a $1,000 check for consultation work that I do on the side.

Monthly Totals:
We earned $4.00 from cash back
We earned $450 from rental income
I earned $187.50 from teaching at the local university
I earned $70 for completing online surveys
I earned $1000 of miscellaneous income

All of this totals $1,711.50 from our side hustles for the month of October!  This is my favorite time of the year, as we have so much to celebrate and be thankful for.  We are just chugging along - saving and investing.  We are looking forward to the day where income from work will be optional. 
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