Current Goal: Automate Savings and Mortgage Paydown
1) Extra $1,100/mo. to mortgage
2) $1,000/mo. to short-term savings
3) $400/mo. to investing
Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!
January 1, 2019: $59,592
August 11, 2020: PAID!
Monday, April 5
My Frugal Miser - March Income: $12,627
March was the first month this year for me being unemployed, but it wasn't a bad month at all.
$2,292 Mystery Shopping*
$3,828 Change in Value of Retirement Accounts (Roth IRA and Rollover IRA)
$4,737 Rental Income
$1,770 Other Sources
$12,627 Total Income for March
*note that the mystery shopping income will always vary from the monthly summary amounts I post. Here I report actual payments received (cash basis accounting) whereas my monthly mystery shopping update I report the amount I earned for that month.
I added the category "Other Sources" to list non-recurring (or semi-recurring) income since I always seem to have a little something that doesn't fall into the other buckets. This month that source is quite respectable at $1,770 because of a settlement I received. In 2005 a company in which I had purchased some investment notes filed for bankruptcy, and the first (and likely only) distribution of funds was made last month. Also included in this line is $35 I earned from online surveys and a $65 reimbursement check from my last employer.
My retirement accounts experienced a significant 9.3% increase in March. While the S&P 500 is up a little over 5% YTD, my Rollover IRA is up 18.81% and my Roth IRA is up 6.32%. These gains are purely performance related (I haven't made any contributions yet). I'll save my investment philosophies for a future post.
Currently all 7 of my rental properties are occupied but one of my tenants is getting married and expects to move out by the end of April. Depending on when she moves, there may be a dip in rental income in April and there most certainly will be one in May as I rehab the property and search for new tenants.