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January 27th, 2018 at 08:11 pm

I got clobbered with unusually high expenses in January, which hasn't made for a great start to the New Year:

* $405 for heating oil (unavoidable, of course, but combined with the other expenses shown here, it adds up)
* Out of pocket medical: $745. My new eyeglasses were $400, no bargain there, and the rest was 7 copays and med costs for my scratched cornea. Which by the way is still not better. I may have to go back to the doctor.
* Electrical work was $200, which is not in itself painful, but combined with everything else...
* Umm, groceries were way more than I care to spend in a month: $362. I blame this on 2 BJs trips. After stocking up on cat litter, walnuts and frozen fruit, I will drop membership, which expires in February. I already have about a 6 mth supply of the cat litter, and I'd like to have a full year's supply. Smile It's such a bargain.

So total expenses for the month were $3455; total income was $3200, so I'm in the hole $256 for the 1st month of January. Not exactly confidence-building as I prepare to approach my boss Monday about reducing my work hours.

I also keep thinking of all the home improvements I want to do. Sigh. I'll still be able to do them, but maybe not all at once. I've allowed for $5,000 this year for home improvements.

So this is where the "WOWZA" comes in. I just did my February investment report a few days early and my fairly conservative portfolio mix is up over $26,000 compared to the previous month.

This means, my friends, my net worth excluding the house is $993,984. I am very, very close to being a you-know-what. Barring a correction, I expect that will happen by March 1.

This is something I have literally been saving for, for decades. I am at the doorstep of FI, or financial independence. Which to me means not being tied to a 9 to 5 job.

When I look at my records that show my net worth (sans house) in January, 2009, it was just $315,226. In 9 years, my net worth tripled. It was a combination of making large contributions (made possible since I paid off the mortgage), my mother's inheritance and the bull stock market.

This boggles my mind. Especially considering my current portfolio mix is only 45% stocks, with 45% bonds and 10% cash. I won't go lower than that. And of that 45% stock, only 35% of it is US stock; the other 10% is international stock.

For the 2nd time, I clogged my vacuum cleaner with the very fine diatamaceous earth powder I sprinkled on carpets when Luther had fleas. I shook out all my rugs except one large rug in my bedroom, and the family room wall to wall carpeting. I don't know how I will vacuum these rugs in the future without ruining my vacuum! Would a shop vac do any better?

I dropped off the vacuum at the repair place this morning.

1 Responses to “Wowza”

  1. frugaltexan75 Says:

    That is hard when you see your monthly expenses exceed your income. That's the beauty of sinking funds though (doesn't make it easier to see the money go of course ...)

    Wow! You are so close to the aire club! Smile
    I just updated our networth, and if you include the equity from our house, we are very near $300k. (I'm not sure really if I should include the equity, because if we ever did have to sell, it would take a good bit of money to get it sellable.)

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