Hey, everyone! Do you have a good month in June? I’m a little late to update this, but the RB40 family’s life is very busy. We were going to travel to California and there were a lot to deal with. Plus, we’re ready to remodel the kitchen. Man, it’s expensive and stressful.
In terms of personal finance, the situation is very good. Our net worth reached new highs because the stock market is crazy. I’m still preparing for the downturn, but I’ll love it when it’s rich. On the other hand, our cash flow was negative in June. This will be the new normal situation. We are entering a shrinking stage in our lives. I will write an article as soon as possible. I feel it’s OK because our withdrawal rate is very low. It should be solved.
Well, I’ll share my New Year’s goals. I will then browse our net worth and cash flow. let’s go!
2025 Target
This is my 2025 target spreadsheet. it’s great. If you can’t keep up with your New Year’s goals, give it a try. The key is to check the spreadsheet monthly to keep track of your progress. This way, you can see which goals require additional attention and work on them.
It seems that most of my goals are normal.
Financial goals
Rental apartments for sale
This is my main goal for 2025. The former tenant moved out of our rental apartment in January. I fixed it and listed it for sale. Unfortunately, the apartment market is terrible in Portland. We only have 4 months to watch! I think buyers are scared right now. The economy is uncertain and interest rates are high. That’s why I decided to rent an apartment for the time being. We will put it on the market again in a few years.
Anyway, I plan to travel more and don’t want to be a landlord. I would rather invest in real estate crowdfunding. This is much easier.
Duplex for sale
Along the same line, I want to sell our duplex* after the 2029 RB40JR is finished with high school. We want to move to California to get closer to the family. Mrs. RB40’s parents are getting older and they need help.
*We live in one unit and then rent another unit.
This year, I want to repaint the look. However, the plan is to be changed to a kitchen remodel. We are re-laying the cabinets and a new countertop. This will provide our kitchen with much-needed makeover. I also want to keep the new floor in the kitchen. I might make the floor myself. Reshaping is not fun.
The biggest Ross Ella
Roth IRA is the best investment account you can have. When you exit, you do not have to pay taxes on your gains. This is very big. If you start young every year and issue a Roth IRA to the greatest extent possible, it will be a great resource for retirement.
I have made the most of Roth IRA contributions of over 20 years. But this streak may end this year. My income is falling rapidly. After 6 months, I only made $3,594. With this, I was lucky to make $6,000 this year. This is less money than when I was a teenager…
Track net worth and hope +10%
I have been tracking our net worth since 2006. It’s great to see the progress. This year, I hope to get 10%. At this point, it all depends on the stock market and I can’t do anything to affect that goal. I’ll track it and keep my fingers crossed. This is a stretch goal.
Our net worth has increased by 3.8% since the beginning of this year! This is better than I expected.
Health Goals
Exercise more than last year
Last year, I set a goal of exercising 3 times a week. However, I developed elbow pain and had to reduce it a little. Results: I exercised 120 times in 2023. This is not bad, but I want to do more this year.
In June, I left for a month and went to the gym. I went to yoga, cycling and hiking. However, my joints are still painful. It’s time to get a doctor’s sign-in.
Win a claim deny
Last year, RB40JR obtained a cochlear implant to improve his hearing. His left ear has 50%-80% hearing. He tried hearing aids for several years, but that didn’t help much. He could hear some sounds in his left ear, but he couldn’t understand the speech over there.
Recently, the FDA approved cochlear implants in children. At first, I thought we could wait until the RB40JR was adult. Then he can decide for himself. But, our audiologists say the sooner the implant is, the better. If you wait too long, your brain may not be able to adapt.
Anyway, he got the implant last year. However, the insurance rejected the claim. They say cochlear implants are experimental and cannot improve overall health. This is ridiculous. Since the 1980s, the device has been used to improve life. We are fighting this denial. I think health insurance companies are denying as many claims as possible to boost profits. Many people are sick and cannot fight against denial. No wonder everyone hates health insurance companies.
Latest update – Insurance denies appeal. We are filing another appeal. This is ridiculous because the RB40JR hearing has improved a lot since the surgery.
Interesting goals
For sale my ceramic project
I took some ceramic classes at the community center and it exploded. My project is not professional yet, but I will try to sell some items in the art sales in Community Center this year.
I sold about $190 in spring art sales! That was incredible. I didn’t expect it to sell so much. Community centers received a 35% commission. very good. I’m glad to support them.
My latest work – a small jar.
Miss’s date more
This year, I want to go out with Mrs. RB40 often. If you are a parent, you will know how difficult it is. Fortunately, our son is now a teenager. We can go out anytime, anywhere. However, I need to overcome the reluctance to leave the house at night. We stopped on the street and found a place that could be frustrating at night. Ah! I would rather be clumsy at home than go to a restaurant.
I will have a date lunch with Mrs. RB40. It’s easy. Who wants to leave home after dark?
In June, we had 1 lunch date. That’s really sad. A month flew over and we were busy with all the health care. Mrs. RB40 stressed the insurance appeal.
Happiness Level > 8
I’m a natural happy person, so this should be easy. Life has been great for the past few years.
I had a great month. However, Mrs. RB40 was under pressure. This makes life difficult for everyone.
Net worth (+3.8%)
I have been tracking our net worth since 2006. It is very motivated to see our progress. The power of compounding is incredible. Last year, our investment income exceeded our income.
2025 is crazy. The stock market performed much better than I expected, but I was still pessimistic. I think we’ll see a huge recession soon.
*** Important*** My best advice if you are young is to keep the course. Don’t stop investing. Should you continue to invest in the stock market going up or down. You might think the stock is too expensive, but it looks like it will be cheap in 10 years. Keep investing and one day you will achieve financial independence. Don’t try to time the market. If you retire, you need to be more conservative and diverse.
Here is a chart of our net worth from Empower. Sign up for a free account on Empower to help manage your net worth and investment accounts. I often log in to check our net worth and use their free tools. This is a great website for DIY investors.
June 2025 Fire Cash Flow
This fire cash flow chart includes my online income, side shows and taxable passive income.
June 2025 Fire Income: $2,879
My fire income increased in June. However, it seems I’m transitioning to full retirement. This year will be our first year to reduce our retirement savings.
- Real estate crowdfunding: $0. You can read more on Re crowdfunding’s Passive Income page.
- Dividend Income: $1,801. A good month for dividend income.
- Rental income: $759. yeah! Rental apartments are generating revenue.
- Online income: $177. Blog revenues quickly approached zero. Maybe it’s time to move on.
- Odd number work: $142. I send out some catering orders every week. It’s a simple show and it’s a good deal. Last month, I only sent out 4 orders because we had a lot of meetings with the contractors. I might stop being busy within two years.
Expenditure: $4,384
Our spending was good last month.
- housing: $1,302. This includes mortgages, utilities, furniture, repairs and maintenance. Our housing costs are low because we live in duplex. We allocate many fees to our tenants.
- transportation: $1,137. Gasoline, parking and insurance. Repairs are becoming more and more expensive. Hopefully this car is OK for the rest of the year.
- entertainment: $207.
- groceries: $706. I thought Trump would make grocery stores cheaper. I think that’s a lie.
- healthy: $108.
- child: $648. Unfortunately, as the RB40JR ages, the costs associated with children are increasing. We are paying for his orthodontics, international school trips and various activities.
- Personal: $227.
- travel: $0.
Retirement savings: –$1,505
Summary of June 2025
June is a stressful month for us. We are busy dealing with insurance denials and contractors. Mrs. RB40 is calling another appeal and she is under pressure. The kitchen renovation project is also very large. We met with the kitchen contractor and picked out the features. Very good, but the floors are separate. I have to figure out that part myself. Currently, our kitchen floor is covered with these ancient ceramic tiles. I’m going to put the rigid LVP on it and hope to get the best. We’ll see how things are going.
It’s June. Do you have a good month?
Passive income is the key to early retirement. These days, I’m investing in commercial properties crowd. They have many projects throughout the United States. Go and check it out!
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Passive income is the key to early retirement. This year, Joe is investing in commercial real estate with CrowdStreet. They have many projects all over the United States, so check it out!
Joe also strongly recommends providing personal capital to DIY investors. They have many useful tools that can help you achieve financial independence.
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