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Current Goals:

1) $1,000/mo. to short-term savings and $400/mo to investments.
2) Weigh less than 180 pounds by 12/31/21.
3) Read more books.

Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
August 11, 2020: PAID!


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Thursday, February 4

My Frugal Miser - January 2021 Income

 January was another solid month. 

Amazon was decent, but it seems to be getting harder to get routes.  Too many drivers.

The Airbnb was booked 29 days and rates are solid.  February is almost full and, because the Super Bowl is coming to town, rates are the highest they have ever been.  Converting this property to an Airbnb was the best financial decision I have made in years.

There were a couple of one-off sources of income.  In addition to the stimulus check everyone received, I received a large payment from the ARCP Securities Litigation Settlement.  

I received rent for all rental properties.

January Income: $12,278

($60) Mystery Shopping/ Merchandising spent money, no income
$0 Meeting Jobs
$77 Gig Apps (Rideshare, Food Deliveries, etc.)
$2,611 Amazon Deliveries
$3,050 Rental Income (Rental Expenses:  $1,259)
$2,668 Airbnb Income (Airbnb Expenses:  $830)
$27 Interest Income
$3,905 Other Sources

Investment Accounts Change in Value:  ($34,967)

My investment accounts were all down.  I'm not worried about Vereit, my biggest position, as it fluctuates and I have no plans to sell.  My put options on AMC suffered big losses.  The Reddit forum WallStreetBets has targeted several failing companies, including AMC.  It is market manipulation plain and simple.  Fortunately I have time before the options expire and it is possible their value will return before then.

2 comments:

  1. You had a great income to expense ratio for January.

    When I was reading about the Gamestop mania, I remembered you had bought some AMC puts. Hopefully, AMC's price will reflect its true value before your puts expire.

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    Replies
    1. The stock price of AMC is definitely disconnected from reality, but it has dropped a lot from the recent highs. What's interesting is that the Reddit crowd actually helped AMC avoid bankruptcy since the company was able to sell new shares in the open market at inflated prices. I lost a little on puts that expired in January, have more expiring in March and more in June. Hopefully things work out.

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