Hey everybody! Oh wow, it’s December already. Did you have got a very good Thanksgiving? We stayed residence and had a low-key vacation. Nevertheless, we spent more money than usual in the course of the Black Friday sale. Somebody has to maintain the financial system going, proper?

Overspending resulted in a damaging money stream in November. Unusually, I’m not wired about it in any respect. We’ve been frugal for a few years. It’s about time to maneuver into the subsequent section of FIRE and benefit from the fruits of our frugality. Actually, I feel we’re having a small midlife disaster.

Our money stream was horrible, however November was the perfect month of 2023 for our web value. The inventory market carried out very properly and our web value hit an all-time excessive. That is another excuse why I’m not nervous about our spending. Our funding good points offset our damaging money stream.

All proper, I’ll share how I’m doing with my New Yr targets. Then, I’ll go over our web value and money stream. Let’s go!

2023 Objectives

Right here is my 2023 aim spreadsheet. It really works properly. Attempt it out in case you can’t sustain together with your New Yr targets. The bottom line is to evaluate the spreadsheet month-to-month to trace your progress. That means, you may see which targets want additional consideration and work on them. Time is working out!

Monetary Objectives

  • Put money into Actual Property Crowdfunding. I plan to put money into at the least one RE crowdfunding undertaking this yr. Earlier this yr, there was a capital name and I despatched in $3,000. My initiatives on CrowdStreet are doing fairly properly so I plan to speculate extra over the subsequent few years. It’s a good way to generate passive earnings. Nevertheless, I’m completed this yr. My dad is planning to construct a seashore home in Thailand. I despatched him $50,000 and the development ought to begin quickly.
  • FI Ratio > 120%. That is my most important aim for 2023. FI ratio is passive earnings divided by expense. This reveals we will preserve our life-style with passive earnings. Sadly, our FI ratio is the bottom I’ve seen in years. We spent an excessive amount of cash this yr. December is normally a very good month, however I don’t assume we will flip it round…
  • Internet value again to all-time excessive. This one is totally depending on our funding. I don’t have a lot management over it, however let’s get again to ATH! We completed this aim in July so I’m calling this a win.

Well being Objectives

  • 7,500 steps per day. This aim is hard to perform. My steps per day dropped like a rock after I got here again from Thailand. My common is 5,464 steps per day and dropping. Happily, my health tracker broke and I can’t monitor this aim anymore. This one is a fail.  
  • Cook dinner 1 vegetarian/fish per week. I need to prepare dinner a more healthy meal at the least as soon as per week. Thus far I’ve cooked 47 wholesome meals. That’s regular progress.

Private Objectives

  • Disneyland, zipline, or scorching air balloon trip. We visited Disneyland in March. It was nice. We loved the journey tremendously. RB40Jr wasn’t impressed with the basic rides, however he liked the newer extra thrilling rides. I’m glad we went. Carried out!
  • Happiness > 8. November was a fairly gradual month. We stayed residence and didn’t do a lot. RB40Jr was principally out of college because of the instructor strike. We spent far more cash than regular. Happiness was briefly excessive – 8.5.
  • Do away with Awebber. WIP. That is one among my largest enterprise bills and it doesn’t appear that helpful. I need transfer to a less expensive various this yr. I attempted to maneuver to a different e mail supplier over Thanksgiving, nevertheless it wasn’t profitable. That one didn’t do what I needed.  

Internet Value (+17.4% YTD)

I’ve been tracking our net worth since 2006. It is vitally motivating to see the progress we’ve made. The ability of compounding is unbelievable. November was a fantastic month within the inventory market. The financial system appears to be coming in for a tender touchdown. The job knowledge and inflation are good. The Fed appears to be pleased to carry for now. Issues are trying good. 2023 is a good yr to be an investor.

The necessary factor is to maintain investing when the market goes up or down.

***Necessary*** My finest recommendation is to remain the course. Don’t cease investing. You must preserve investing when the inventory market is down. Finally, the inventory market will get better and you’ll do very properly so long as you retain investing by way of the downturn.

Here’s a chart of our web value from Empower. (Private Capital is now Empower.) Sign up for a free account at Empower to assist handle your web value and funding accounts. I log in to verify our web value and use their free instruments. It’s a fantastic web site for DIY traders.

November 2023 FIRE Money Stream

This FIRE money stream chart consists of my on-line earnings, aspect gigs, and taxable passive earnings. Mrs. RB40’s earnings isn’t right here as a result of she’ll retire quickly. November was one other spendy month for us. We’ve been lax with our spending these days.  

FIRE Revenue: $4,356

Our FIRE earnings was good in November, however we spent greater than regular. Consequently, our money stream was damaging. It doesn’t look good, however I’m not nervous. Our finance is stable sufficient to soak up a couple of damaging months. We’ll see what the general image on the finish of the yr.

  • Actual property crowdfunding: $260. Our actual property crowdfunding earnings is doing fairly properly. You possibly can learn extra on the RE Crowdfunding Passive Income page.
  • Dividend Revenue: $1,331.    
  • Rental Revenue: $781. We had an uneventful month on the leases.
  • Weblog earnings: $1,093. Weblog earnings is normalizing to this stage.
  • Odd jobs: I made $866 from being a supply driver. The pay appears to be reducing. I heard there are too many drivers now.  
  • Curiosity: $25.

Spending: $8,854

In 2023, I plan to spend about $50,000. That’s the identical funds as final yr. Sadly, we’re means over. Subsequent yr, I in all probability ought to enhance our spending funds to $65,000. That’s an enormous enhance, although.

Listed below are some particulars.  

  • Housing: $1,249. This consists of mortgage, utilities, furnishings, restore, and upkeep. Our housing expense is fairly low as a result of we reside in a duplex. We break up many bills with our tenant.
  • Transportation: $716. I spent greater than regular on our automobile. I hit a curve and blew a tire. Once they modified the tire, they noticed the brake pads have been getting skinny. So I received new entrance brake pads too. Our 2010 Mazda is getting older and possibly will want extra upkeep within the coming years.    
  • Journey: $3,941. We’re going to Tahiti in December. This journey can be a splurge to have a good time my 50th birthday.
  • Leisure: $199. We ate out greater than regular final month. There have been some new eating places we needed to strive.
  • Groceries: $514. My goal for grocery bills is $600 per thirty days.  
  • Well being: $432. I received a health club membership. As we grow old, we have to give attention to well being and wellness. Subsequent yr, I’ll train much more.
  • Misc: $93. USPS and a brand new Blu-ray participant.
  • Clothes: $467. Mrs. RB40 bought some good clothes.   
  • Mother or father: $250. My brothers and I ship $250/month to our mother and father to assist with bills. They reside in Thailand so their price of dwelling is far decrease.

Saving: –$4,498

November 2023 wrap-up

Our November money stream seemed like a FIRE fanatic’s nightmare. Nevertheless, we’re transitioning into the YOLO section of FIRE. We’re getting older and we need to take pleasure in life extra. So long as our web value will increase, I received’t fear about spending. We’ll see what the numbers appear like by the tip of the yr. December is an enormous month for passive earnings so we could be higher off than I anticipate. Anyway, Mrs. RB40 continues to be working so we’re truly doing fairly properly.

That’s it right this moment. Did you have got a very good month? 

 Passive earnings is the important thing to early retirement. Nowadays, I’m investing in business properties with CrowdStreet. They’ve many initiatives throughout america. Go verify them out!

Disclosure: We could obtain a referral charge in case you join a service by way of the hyperlinks on this web page.

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Joe began Retire by 40 in 2010 to determine easy methods to retire early. After 16 years of investing and saving, he achieved monetary independence and retired at 38.

Passive earnings is the important thing to early retirement. This yr, Joe is investing in business actual property with CrowdStreet. They’ve many initiatives throughout the USA so verify them out!

Joe additionally extremely recommends Personal Capital for DIY traders. They’ve many helpful instruments that can aid you attain monetary independence.

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