Wednesday, April 7, 2021

Over 700K invested

Today, our investment accounts have now hit the biggest financial milestone to date: surpassing $700,000 in value!  

Our investment accounts include money in our 401Ks, Roth IRAs, taxable accounts, HSA and 529.  Index fund investing allows us to diversify our portfolio and keep our costs very low.  This does not include money in our checking accounts, savings accounts, home equity or rental property equity.

It’s both incredible and slightly scary how well the stock market is doing.  There are great reasons for why the market will continue to soar.  There are equally good reasons for why the market is frothy and will crash soon.  The current market sentiment is that the economy will continue to improve.  Covid deaths are declining, millions are getting their covid vaccines, businesses are re-opening, and consumer confidence is up.  There is pent up demand to travel, visit amusement parks, attend sporting events and spend money.  This is great for the economy and investors believe the economy will continue to boom.  

We are conservatively riding this wild stock market.  At this time, we are more comfortable with less risk of financial loss than missing out on bigger financial gains.  Being too conservative has risks though - I don’t even want to think about how much potential upside we have missed out on!  Our portfolio is currently sitting at about 67% stocks and 33% bonds and slowly moving towards a 70/30 asset allocation.  

The stock market can continue to go up or it can sharply pull back.  No one can really predict the future.  Our asset allocation keeps us invested and helps us sleep well at night.  

Here is a look back at the timeline of our previous investment milestones:

July 2010: I opened up my first Roth IRA investment account.

June 2, 2014: 100K

March 12, 2016: 200K

June 5, 2017: 300K

July 15, 2018: 400K 

April 16, 2019: 450K

November 5, 2019: 500K

January 18, 2020: 550K

November 7, 2020: 600K

January 12, 2021: 650K

April 7, 2021: 700K

We continue to hit new financial milestones, with each milestone coming sooner than the one before it.  The power of compounding is truly incredible.  We are looking forward to reaching financial freedom.  Keep investing my friends.

Thursday, April 1, 2021

Side hustles March 2021

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 April!  Did you have a good March?  With our home remodel project still underway, things have been very hectic around the house.  The crew has been continuing to work 6 days a week, 6 to 8 hours a day.  We have needed to move most of our furniture and household items into the garage, which looks like a hoarder’s living space now.  For a week, our family needed to all sleep in the same bed.  The project is estimated to be complete in about 2 to 3 weeks.

Our kids have been pretty flexible with all the new changes going on at home, especially the need to be away from the home for hours at a time.  We’ve taken plenty of trips to local playgrounds.  We’ve taken plenty of walks around the neighborhood.

The Aquarium of the Pacific in Long Beach has recently reopened the indoor exhibits with safety protocols such as mask mandates and limited capacity.  Visiting the aquarium has become a weekly or bi-weekly activity for our family.

We recently visited Mother’s Beach and found it a great place to take the kids.  The water is shallow here and the waves are very gentle.  The sand is clean.  There is a fun playground here as well as many accessible public bathrooms and beach showers.

Here’s our monthly summary of side income that we have generated in the previous month of March. 

Cash Back 

On 3.1, I received a $62.29 statement credit on my Chase Sapphire Reserve credit card. This was for getting gas, which qualifies as a Chase Travel credit eligible purchase.  This card is essentially providing us with $300 worth of free gas each year. 

On 3.1, my wife received a $30 statement credit on her AMEX Platinum card. This was for $30 off $30 on purchases made with PayPal checkout in February. 

On 3.4, I received $50 in statement credits ($25 x 2) on my AMEX SimplyCash Business card. This was for two separate purchases of greater than $500 for our kids’ school tuition. 

On 3.4, my wife received a $10 statement credit on her AMEX Gold credit card.  This card offers a $10 dining credit every month on select restaurants such as Cheesecake Factory or Shake Shack.

On 3.5, my wife received a $30 statement credit on her AMEX Platinum card. This was for $30 off $30 on purchases made with PayPal checkout.

On 3.7, I received an $18.06 statement credit on my Chase Sapphire Reserve credit card from the Chase Travel Credit benefit.  This was for a purchase made at a gas station. We have already used up the $300 Chase Travel Credit this year. It was nice to have $300 worth of gas covered by Chase. 

On 3.15, my wife received a $10 statement credit on her AMEX Gold credit card.  This was for the AMEX Gold dining credit - $10 off $10 spent at Cheesecake Factory.

On 3.21, I redeemed 4,786 Citibank ThankYou points towards an Amazon purchase of $38.29.  While this wasn’t the best value use of ThankYou points, we still got to save money.  We are currently not collecting ThankYou points so we did not have much use to hold onto these points long term.

On 3.22, I received a $29.11 statement credit on my AMEX SimplyCash Business card as automatic monthly cash back deposit. 


Rental Income

On 3.5, we received a net profit of $740 from our rental property.  

Survey Income

On 3.2, I received a $5 Amazon Gift card from the Vision Council for completing a survey.

On 3.9, I received a $30 Amazon Gift card from M-Panels for completing a survey.

On 3.9, I received a $40 direct deposit from GLG survey for completing a survey

On 3.14, I received a $3 Amazon gift card from MyPoints.

On 3.15, I received a $1 Amazon gift card from MyPoints. 

On 3.15, I received a $30 check from My Impact Network for completing a survey. 

On 3.30, I received a $10 Amazon gift card from Sermo for completing a survey. 

On 3.31, I received a $35 Amazon gift card from Sermo for completing a survey. 

Surveys continue to be a fun and easy way to earn extra income on the side.


Miscellaneous Income

On 3.16, we received a direct deposit of $5,261.20 from the IRS as our third stimulus check.  I list this as a side hustle, just like our last 2 stimulus checks, because our income qualifies only after taking into account the tax deductions on our gross income.  These deductions include two maxed out 401Ks ($19,500 each), a maxed out Dependent Care FSA ($5,000), a maxed out HSA ($7,000) and a partial Medical FSA deduction ($1,000).  We have been rewarded for saving more. 


Additional work income

On 3.31, I received a direct deposit of $144.28 for picking up extra hours with my employer.


Monthly Totals:

We earned $277.75 from cash back income
We earned $740 from rental income

We earned $154 for completing online surveys

We earned $5,261.20 of miscellaneous income

I earned $144.28 of extra income from my work


All of this totals $6,577.23 from our side hustles for the month of March!  We continue to slowly make progress towards our financial freedom every month.  Side hustles help us reach our goals a little bit faster.  Keep hustling my friends.  

Monday, March 1, 2021

Side hustles February 2021

 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 March!  Did you have a good February?  

This has been a big month for us as our home renovation project has officially begun.  We’ve been wanting to do some home remodeling for the last 10 years.  There have always been reasons to delay such as not having enough money saved up and waiting for our kids to get just a little bit older.  For the last 3 weeks, we’ve had remodeling crew in our home (wearing masks) working 6-8 hour days, 6 days a week.  Our 40 year old kitchen has been demolished.  All the carpeting (with multiple stains) has been torn out, soon to be replaced with luxury vinyl flooring that is 100% waterproof, scratch, stain, and dent resistant.  We wanted to upgrade the flooring to make it low maintenance and easy to care for - great for 2 young kids and a dog.  Electricians have installed over 70 LED recessed lights throughout the home.  


During this time, we purchased a Ninja Foodi to help us with cooking food.  This little kitchen appliance does so much, it can: pressure cook, slow cook, steam, make yogurt, sear/sauté, air fry crisp, bake/roast, broil, dehydrate, and keep foods warm inside the pot!  We’ve used our Ninja Foodi to make rice, cook chicken, make French fries and even make fall-off-the-bone ribs.  The Ninja Foodi has been a game changer for us, since we won’t have use of our kitchen for up to 8 weeks.  The Foodi pretty much helps us prepare all of our meals during this renovation.  As an Amazon Associate, I earn from qualifying purchases. 

As coronavirus case numbers continue to decline, and covid vaccinations continue to rise, I am increasingly hopeful that we are getting closer to beating the virus.  Many venues are cautiously re-opening with new safety protocols.  Our kids have enjoyed going back out to fun places such as the zoo, playgrounds and the aquarium.  These places all have outdoor spaces with social distancing and mask requirements. 


We did a new fun activity this month, which was a drive thru dinosaur exhibition called Jurassic Quest.  Our family drove through a huge parking lot to get up close and personal to mechanized robot dinosaurs.  Our drive was synced with an audio tour that had music and facts about all the prehistoric creatures we drove by.  Masks were required to be worn as long as windows were down, which helped keep the adventure safe for all.  

Here’s our monthly summary of side income that we have generated in the previous month of February.

Cash Back 

On 2.1, my wife received a $10 statement credit on her AMEX Gold credit card.  This card offers a $10 dining credit every month on select restaurants such as Cheesecake Factory or Shake Shack.

On 2.4, I received $50 in statement credits ($25 x 2) on my AMEX SimplyCash Business card.  The card currently has a promotion for $25 cash back on purchases over $500, up to 10 times.  These credits were for two separate charges at Wayfair for home supplies. 

On 2.8, I received a $31.58 statement credit on my Chase Sapphire Reserve credit card. This was credit towards a purchase made at a gas station, which qualifies towards the $300 annual Chase travel credit. 

On 2.9, I received a $15 Target gift card as cash back from spending on my Target Red credit card. 

On 2.10, I received a $59.27 statement credit on my Chase Sapphire Reserve credit card for credit towards gas station purchase, from the Chase travel credit program. 

On 2.10, I received a $1.80 statement credit on my Chase Freedom Unlimited credit card from Chase Offers. This was for 10% cash back on purchases made at Starbucks. 

On 2.14, I received $50 in statement credits ($25 x 2) on my AMEX SimplyCash Business card.  The card currently has a promotion for $25 cash back on purchases over $500, up to 10 times.  These credits were for purchases made for our kids’ tuition. 

On 2.24, I received a $25 statement credit on my AMEX SimplyCash Business card.  

On 2.27, I received a $49.39 statement credit on my AMEX SimplyCash Business card. This was for 10% cash back on the purchase of 3 toilets from Lowe’s. 

On 2.27, I received a $40.81 statement credit on my Chase Sapphire Reserve credit card. This was for getting gas, which qualifies as a Chase Travel credit eligible purchase.  This card is essentially providing us with $300 worth of free gas each year. 


Rental Income

On 2.5, we received a net profit of $740 from our rental property.  

Survey Income

On 2.1, I received a $20 check from E-Rewards Medical for completing a survey.

On 2.6, I received a $40 check from M3 Global Research for completing a survey. 

On 2.22, I received a $45 check from M3 Global Research for completing a survey. 

On 2.23, I received a $35 Amazon gift card from M-panels for completing a survey.


Sales Income
On 2.5, I received $45 cash for selling an old Blu-ray player and a set of speakers on Facebook Marketplace.  These have been sitting around unused for at least 8 years.  With streaming services available, there really is no need to watch DVDs.  Also, the speaker set was too loud for our kids.

On 2.7, my wife received $20 cash for selling an old lamp. 

On 2.7, my wife received $45 cash for selling an old children’s playpen. 

On 2.10, my wife received $10 cash for selling an old slow cooker. 

On 2.16, my wife received $100 cash for selling some gently used women’s flats.


Monthly Totals:

We earned $332.85 from cash back income
We earned $740 from rental income

We earned $140 for completing online surveys

We earned $220 from selling used items online 


All of this totals $1,432.85 from our side hustles for the month of February!  Every little bit we earn helps us reach our financial goals (such as our home remodel) and our financial freedom.  Keep hustling for that income.  

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