2019 Goals, Quarter 1 Review

A couple months ago I wrote an article explaining my 2019 goals. That article by the way can be found HERE. In that article I explain my reasoning and thought process behind it all however I think I can do a little bit better now that the dust has settled, and I’ve had time to collect my thoughts.

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As you can see my first three goals are money related. A $75,000 net worth is one my goals because I believe it is outside of what I can predict to be my net worth. With a few assumptions like anticipating that my net worth will be about $20k when I leave school and calculating my salary, savings, and money earned through investments my anticipated net worth lands somewhere around $40-$50k and obviously I want to challenge myself so bump that number up by 50% and take a crack at it.

My next goal was earning $2,500 in passive income in 2019. This has been a progressively growing goal for me for a couple years now. Some would say you have achieved financial freedom when your passive income exceeds your living costs. Whatever your definition, earning more passive income than active income is one of my goals and while it will take years for that to occur, I can make some progress towards it every day. I made $830 last year in passive income and with new income and coming from a good year as far as investments are concerned, I believe $2500 will be attainable.

A $10,000 emergency fund is my next goal, and it is more like a sacred account than an emergency fund but either way I should be able to smash this and hit about $16,000 based off the 40% rule and my calculations.

The next couple goals revolve around my online life in terms of this blog and my Instagram account. If you haven’t seen my Instagram profile check me out @bsquared.website to see what I’m doing in terms of my investments and what’s going on with me. First up is writing 150 total blog posts, this one has been an emphasis for me because sometimes I just must be in the mood to write and I need the time and energy for it as well. I simply want more content on this blog to improve my SEO and just to have a variety of information available to you all. I am currently at 76 posts with this one going live.  The next goal has to do with traffic and that is driving 1500 unique visitors and 2500 views organically. In the past I have driven some traffic with paid ads and what not but that’s not what I’m trying to do. I don’t have anymore amazon offers or anything like that anymore, I’m not trying to build this out to be a passive income stream just yet. I’m just trying to build an audience and a following by sharing my triumphs and struggles and hoping I can help some people out along the way. In 2018, I had 803 unique visitors and 1300 views, so I essentially doubled my numbers and came up with my goal in that manner. Again, some of that traffic was driven by paid ads so reaching those numbers organically is going to take some serious effort.

My next two goals revolve around Instagram as that is my main social media platform. Instagram is where I get my audience engagement and I can show all things B^2 so naturally I would like to grow my audience and my brand there. I would like to finish out 2019 with 750 posts and 3000 followers.

Related to my net worth and passive income generation I would also like to earn $5k or more from a side hustle of some sort because my income will remain static till early 2020 when I can begin earning commission. I haven’t quite figured out my game plan for this yet and so far its only been making a few dollars here and there from some of the apps I use to save money.

Last two goals are to own income generating real estate and to read 12 books or 1 book a month in 2019. I think the income generating real estate is a little bit ambitious but I will be done with my work training around November and then I can finally settle down in St. Louis and hopefully by then I can save up enough money to buy a duplex and house hack it. As far as the reading good I am always looking to improve myself and to keep learning and I listen to lots of educational podcasts however reading has been one of the harder things I have to do and I really wanted to focus on that and grow that “muscle” if you will during 2019.

Now that we flushed out all the goals with a little more detail lets see how we ended up. Below is a full 2019 goal comparison as well as one that has been scaled down for the quarterly evaluation, I essentially took the total increase needed to hit my goals and divided it by 4 to gauge where I was at and where I need to go.

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As you can see, I’ve been doing atrocious in regard to the progress towards these goals but there are a few reasons and reminders I need to share. As far as reading is concerned, I knew that would be bad however, I should be able to make up ground over the month that I have off between school and work.  Passive income will scale with my earned income so coming in short for this is to be expected, however we should see a dramatic jump in June and on once the earned income starts rolling in. Blog visitors, blog views, blog posts, Instagram posts and followers are all related. A rising tide raises all ships so by picking up the weakest link (probably writing blog posts) we’ll be able to raise all those numbers I expect; I do believe these numbers will be easier to achieve as they work off each other and each other’s momentum. The side hustle bit is totally on me, I have made no real effort towards that and I should since I’m getting crushed on net worth thanks to Uncle Sam and all the fun I had in March.

Expect a new Quarter 2, 2019 goals Instagram pic to come out soon, I believe that is where we will see some progress considering my month off school and work as well as starting to make some money.

If you have any questions or concerns, I’d love to hear them, you can reach out to me on Instagram or here and I’d be happy to talk about anything with you. Also let me know what you want to hear more of!

Thanks, B^2

 

The 40% Rule

As many of you know I am a fan of Grant Cardone with a lot of his stuff and one of the key takeaways I look forward to applying to my life is the 40% rule. The 40% rule was documented in the Great Depression where the wealthy were saving 40% of their income, and its just that simple.  The 40% rule is saving 40% of your income before taxes, so if you make $10,000 a month that would require you to save $4,000 a month. If you start looking at the math you’ll realize after taxes and expenses that it is very difficult to achieve the 40% rule, and it is. Income is a priority for the 40% rule, you can’t save what you don’t make, and you must pay yourself first. I will show you a real example using my actual projected salary for my full-time job starting in June.

For my full-time job I have a $57,600 salary ($4800 monthly), a $5,000 signing bonus paid in first month, and a $500-month stipend for the first 18 months. It is a salary and commission pay plan however I will only account for the salary part since I don’t know how much I will sell yet.

Because I start mid-June, I calculated my gross income as half of my monthly salary ($2,400) + $5,000 bonus + $500 stipend = $7,900

June July August September October November December Total
4800 $7,900 $5,300 $5,300 $5,300 $5,300 $5,300 $5,300 $39,700
save 40% $3,160 $2,120 $2,120 $2,120 $2,120 $2,120 $2,120 $15,880
tax $1,738 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 $8,734
budget $3,002 $2,014 $2,014 $2,014 $2,014 $2,014 $2,014 $15,086

Looking at the table you can see my budget is around $2,000 and it will be less than that when you consider my 401k will also be pulled out of my income. I did assign a tax rate of 22% which is the bracket you would be in for this income however your marginal tax rate is less than that, either way I prefer to be conservative with my estimates. (I calculated my marginal tax rate to be 11.5% which would add $570 to my budget every month or $570 more to invest every month) For reference, I take data on my spending habits every summer when I am on internship or co-op. This summer I had no living stipend and was completely on my own, my monthly spending came out right at $2,000, though that includes some extraneous cost that most likely will not happen in the first 6-months of my full-time job. I also will be living at home or my girlfriend’s house during the first 6 months of my full-time job as I will be traveling 90% of the time during training.

Realistically looking at the first 6-months I will have extremely low expenses and may be able to save even more aggressively than what I have shown. Any extra income I can save will be put into my other investing accounts (Robinhood, Lending Club, and Stash). Ideally, I would like to save around $20,000 from my full-time job in 2019, which will help me achieve my $75,000 net worth goal. I would also like to try and purchase a 4-plex or duplex at the end of 2019 assuming all goes according to plan.

Looking at 2020, the saving and income numbers look the same as the later half of 2018. Commission will be included assuming I make sales and as my commissions come in, I plan to add those additional funds to my investment accounts as stated above. Looking at 2019 and 2020 I plan to save $40,000 with the 40% rule and invest additional income in my investing accounts. I plan to save in my Discover Savings account which earns 2.10% APY, which will add to my saving goals as well.

2020 will be difficult to keep in budget, I will then be paying rent and will be living full time in St. Louis. The $2,000 I lived on during internship was living like a poor college student for the most part, as I enter the real world, I expect my standard of living from the food I eat to the activities I participate in to be more expensive as well. However, I at least have an idea of what I spend monthly in preparation, I suggest to everyone to start documenting your spending to get an idea of your habits. If you need help or would like to look at how I do it, I cover it in THIS article.

As I mentioned earlier in the article, income is critical to achieving this aggressive saving plan, for your convenience I will run an example with a salary of $40,000, and I will use a marginal tax rate to ensure accuracy. I included above my actual budget above when marginal tax rate is considered ($2570/month).

June July August September October November December Total
$40,000 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $23,331
save 40% $1,333 $1,333 $1,333 $1,333 $1,333 $1,333 $1,333 $9,332
tax $283.31 $283.31 $283.31 $283.31 $283.31 $283.31 $283.31 $1,983
budget $1,716 $1,716 $1,716 $1,716 $1,716 $1,716 $1,716 $12,015

As you can see with $850 less a month in your budget that makes things considerably more difficult depending on your life style and where you live.

I hope you learned some valuable information about budgeting and saving money, I’d love to hear about how you save and what your targets are!

Thanks, B^2

How to Invest your first $500

Just a quick heads up, I don’t normally write articles like this, in fact this wasn’t even for my blog. Another Instagram investing page/ blog asked me to write this article and after waiting to hear back from him for 2 weeks and not seeing it posted on his blog either I decided to put this article on my blog since after all it was my hard work and effort to write it.

So, you saved up your first $500 and you want to invest it. First off, I would like to congratulate you on this feat, approximately 78% of Americans (I’m writing this in the United States, sorry to everyone outside the United States that this statistic doesn’t apply to you) live paycheck to paycheck so the fact that you escaped that cycle deserves some kudos. Before you start investing though, we need to get a couple things straight. If you have any high interest debt (i.e. credit card debt) please handle that before you even think about investing. A beginner at investing will have a hard time earning more than the debt is costing not to mention the other ways high interest debt affects your credit score and other financial aspects of your life. So first and foremost, handle high interest debt if you have it before you start investing. Secondly, if you do not have an emergency account or fund, I would highly advise to put your $500 into that before you start investing. Accidents happen, illness happens, the world is an unpredictable place and having extra money in the event of an emergency can be a life saver.

You’ve taken care of step 1 and step 2 and you still have $500 you’re ready to invest with. Congratulations you are about to embark on the path to financial success! Warren Buffett, one of the most successful and renown investors once said, “If you don’t find a way to make money while you sleep, you will work until you die.” That’s what we aim to do! Before we begin everyone should know that all investments carry some sort of risk and have different time horizons to work with. Pending your current financial situation and what you aim to do with that $500 you can take several different routes listed below.

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  1. Invest in yourself

Let me make this clear before you go on a shopping spree, there are ample resources when it comes to free education. YouTube, Podcasts, Free eBooks, Blogs, Written articles, Company financial documents etc. are all at your disposal with an internet connection. Assuming you have exhausted the resources above or are looking for something more detailed I would recommend several investing and financial books and making the commitment to read and follow through on them. To name a few, The Intelligent Investor – Benjamin Graham, Think and Grow Rich – Napoleon Hill, Rich Dad Poor Dad – Robert T. Kiyosaki, The Little Book of Common Sense Investing – John C. Bogle. While not all directly related to stock market investing someone trying to invest their first $500 would benefit from the messages in these books. Note that buying 3-4 books will still leave you with plenty of money from your initial savings, I would suggest reading and using the advice given in the books and in this article to utilize the rest of your capital at your own will. An investment in yourself will yield dividends for the rest of your life to come, it is therefore one of the most essential investments to make early on. If the books above aren’t your forte there are several other books centered around general success that may light a fire in your heart to pursue greatness.

  1. CD/High-Yield Savings Account

Holding your money in a CD or a high yield savings account is a great option if you need your money to remain liquid or you have a short time horizon and low risk tolerance. Besides investing in yourself this option carries the lowest risk but also lower returns than can be seen with the other options. I currently use a savings account with a 2.10% yield. This would generate $10.50 a year in a savings account and while that is not a lot there is extremely little risk in this approach and your money is accessible.

CD’s or Certificate of Deposit have a fixed time period to invest over but have higher returns than a savings account. I quickly searched CD rates for 1, 3- and 5-year terms which produced the following yields respectively 2.8%, 2.85%, and 3.10%. (2/11/2019) These were the best rates I could find while adhering to a $500 minimum deposit and would produce returns of $14, $44, and $82 respectively. Now these returns are low, they slightly outpace inflation, but they are safe and rather liquid. I would recommend this strategy if you are new to investing and are trying to combine strategy 1 (learning about investing) and putting your money in a safe modest return investment until you know what you want to invest in.

  1. ETF’s and Index Funds

An ETF index fund may be the best mix of aggressive and save on this list. Let me pull up some definitions real quick to make sure we are all on the same page.

ETF – “An ETF, or exchange-traded fund, is a marketable security that tracks a stock index, a commodity, bonds, or a basket of assets. Although similar in many ways, ETFs differ from mutual funds because shares trade like common stock on an exchange. The price of an ETF’s shares will change throughout the day as they are bought and sold. The largest ETFs typically have higher average daily volume and lower fees than mutual fund shares which makes them an attractive alternative for individual investors.” – Investopedia

Index Fund – “An index fund is a type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor’s 500 Index (S&P 500).” – Investopedia

A S&P 500 ETF index fund provides good returns on average, low expense ratio, little knowledge or analysis required, and it provides a dividend which all contribute to their success. An app that provides these funds for a low cost would be Stash App, in addition to picking an index fund you can also pick a variety of ETF’s including those that track bonds, precious metals, technology companies, banks, etc. For the S&P 500 the following tickers IVV, VOO, SPY will mimic the index closely and save you money on the expense ratio as well.

In this strategy you are investing in the broad market which has experienced volatility recently. The index and ETF’s will experience ups and downs providing more risk but higher rates of return on average. In the event of a market downturn, the investor will not be able to withdraw the investment without realizing losses. If pursuing this strategy, the investor should understand the risk and possible length of this investment as both are much greater.

  1. Individual Stock of a well-known company

This strategy presents the highest risk/reward of the strategies discussed. Buying shares of an individual stock effectively puts all your eggs in one basket which adds to the risk however an individual stock can move both up or down much quicker than an ETF. Companies such as Apple, Google, Amazon, Facebook, etc. are popular options. Some stocks such as Google and Amazon have share prices of $1,000+. In this event you will need a platform that allows you to buy partial shares to be able to purchase these stocks with limited funds. I would not recommend a small cap company, penny stock, or any speculative play.

Whichever platform you choose it should be noted that a platform that minimizes brokerage and additional fees should be desired. With $500 to invest with it is critical to not waste capital on fees. Apps I am familiar with that are friendly toward beginner investors with limited capital include, Robinhood, Stash App, Acorns, M1, and Webull. Like strategy 3 a longer investment horizon is required for individual stocks.

In conclusion, there are multiple strategies to invest your first $500. Based on what your goals, risk tolerance, and investment horizon are you should be able to come to a solid conclusion on what strategy is best for you. Having a realistic approach to investing is vital, expecting 100% returns in your first year is asking for failure and discouragement. Hopefully you found this information useful and can begin your investments on a good note.

Thanks,

B^2

IG @ Bsquared.website

Blog @ Bsquared.website

Email @ Bsquared.web@gmail.com

 

 

 

 

2019 Goals

Looking into 2019 I have some goals and aspirations and I plan to look at them closer than I did last year. After all, it’s critical to know where you are going and remind yourself what your targets are. I mentioned previously that I graduate in May and begin my full-time job in Mid-June. I’ve calculated potential income with my salary and decided to shoot a little higher than that. I would like to have a net worth of $75,000 up from my current net worth of $26,500. While building up my net worth I plan to put at least $10,000 to my emergency fund in my discover savings account. I make a nice 2.10% APY on that account leading to a $210 yearly passive income generated from that account alone. Overall making money while I sleep is nice and I would like to make $2500 in passive income this year. On average that is $200 a month and from there we’ll keep bumping that number up. With the eventual goal of surpassing my active income. To help get that income up so I can invest more I aim to have a side hustle that will generate $5000 this year. With all of that in mind I plan to buy income generating real estate at the end of 2019 or invest significantly with a syndicator.

Money isn’t everything so on the note of building my personal brand and learning more I have several goals related to this. I would first and foremost like to have 150 blog posts in total by the end of 2019. This comes out to writing about 1.5 posts a week. In addition, I would like to have 1500 visitors and 2500 views on my blog in 2019 organically. My other large platform is Instagram and is probably how you are reading this article. I would like to finish 2019 with 750 Instagram posts and 3000 followers. The blog goals and Instagram goals will go hand in hand as they both stimulate each other. The last of my goals involve learning, I aim to read a book every month of 2019, 12 books in total. I’m aware this isn’t a whole lot however I will be learning and studying for school as well as work for most of the year and you can only cram so much into your brain at once.

I know this is very late to be talking about 2019 goals however it took me awhile to decide what I really wanted to go for this year as well as taking the time to sit down and write this out. Feel free to leave a comment below about your 2019 goals or post your comments on Instagram!

B^2

June through Mid-July Goal Update

Alright folks its been a little bit for this one so let’s get to it. When we last left off I was getting my shit rocked by the amount of work I was doing outside of work in terms of our training program and my other obligations. Since then I have been doing better rearranging my schedule to manage my time (working out at night now) and trying to get everything done. I also went on vacation and started taking days off here and there. Nothing too crazy but I was realizing the 11-day work benders I was doing was affecting my performance.

For June I went back to the full month goal schedule, at that point in time I was still overwhelmed with trying to get everything done. As you can see in the photo below I was very ambitious and thought I was going to absolutely kill it. Increasing my net worth by $6k, 30 sales, banking tons in lending club and my Discover savings account and restructuring my robinhood account to grow dividends.

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As you can see below, we got our shit kind of rocked, I did hit some goals but anything money related was not achieved and then as always, I struggle to post enough on the blog.

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This is a great segway into this current goal update. I went back to biweekly thinking that I push very hard at the end of the goal term (student effect/procrastination) so the more frequently I have deadlines on these goals the more frequently I will push to get them done. Another part of this goal session was the vacation, now its been a very long time since I’ve been on a vacation like the one I went on and I thought I could get a lot done. I was very wrong about that, if I made it a priority to get a lot done I could have but I failed to do so. As a result, this week has been very stressful from the fast paced intense 16-18-hour days I’m putting in with very little down time or breaks, as well as the mounting pressure to finish the summer strong as its rapidly coming to an end and I’m failing to meet my goals.

As you can see below we didn’t quite finish where I wanted to. Close on some, barely advancing from the previous goal session on some. Overall a failure in my mind and a great motivator to achieve more and taking massive action to achieve these goals. I’ll rethink where I want to end up and how I’m going to get there tonight and what steps I need to take to achieve that. We will continue to go with biweekly goals however there will only be 2 left before the end of my summer, its the red-zone, and the clock is ticking. I can post and tweet and write to my hearts content while I am at school, but I can’t sell roofs when I’m at school so that will be my primary focus.

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As always thanks for reading and supporting my efforts on the various social media platforms and all. Let me know what you think!

B^2

 

Premier Roofing Week 2 and 3

Sorry to keep you guys waiting on the update for my internship. I was out of town for the holiday weekend so my week 2 and 3 were discontinuous so I decided to group them together as best as I could. Overall week 2 went alright, I was out on my own going door to door and managed to make 2 sales that week while still putting a lot of time and effort into my training. I was still without WI-FI so that was rough, but my roommate also arrived in town so at least I wasn’t alone anymore. Week 3 is where I hit a stroke of luck. I managed to get 2 more sales and I sold a group of 6 rental properties bring my total up to 8 for that week! I was awarded the “Ace of the Week” for premier roofing and earned my rookie stripes (10 total sales). In addition to 8 sales I also had a PFYNR (prepare for your new roof meeting) where the customer and I discuss the two estimates and pick shingle colors etc. That earned me a little bit more for that pay period! That impressive performance and a little bit of luck that week earned me $1000 and some cool Knick knacks from the company.

As I am coming to the end of this week’s pay period (Thursday at midnight) I am not really looking at a big week like I had before. I have several potential sales in the pipeline and a PFYNR scheduled for Thursday afternoon. As of now it looks like I’ll be under my draw ($500) this week unfortunately. This may work in my best benefit however because this next pay period is looking quite juicy, several PFYNR’s, several sales in the pipeline, a sale already scheduled for Monday etc. I may be trading a poor week for a stellar week. Unfortunately, I still have plenty of ground to make up, as of this paycheck on Friday I will be $1500 short of what I was making last summer, granted that is to be expected in your first couple weeks as you aren’t making nearly the sales or the higher commission portions of the process in your first 2 weeks. I would like to see this next pay periods paycheck north of $2,000 though as I have investments to make, money to save, bills to pay, and necessities to buy. If you’ve been keeping up with my Instagram posts you can see I have some ambitious goals to tackle this June and I am trying to fire at all cylinders always to achieve that. To name a few, $25k net worth, $1000 savings, 30 sales and 200 notes for lending club. We’ll see what I can do to achieve that, I believe that since this is my last week of time consuming training for work that I will be able to better invest my time into passive income efforts, this blog and making wise investment choices.

As always feel free to leave a comment below!

B^2

What I keep track of and Why

So naturally as an engineer I am very numbers and data driven. Fluff is not my game, numbers, charts, graphs, hard tangible data is where I thrive. I started tracking my spending while on co-op and internship, I figured it would be good practice for when I got out in the real world on my own and needed to be financially responsible. So, at that point I created what is now my most useful tool that I use to track my finances and goals, the co-op money breakdown google sheet. Doesn’t sound exciting but contained in these 8 pages excel spreadsheet is a lot of cool stuff. We’ll start with what started it all, the daily tracking of my finances.

color coded

I color coded my categories of expenses, from left to right they are Food, gas, fun money, fitness, Significant other, and other costs. I would track every cost that came in with running totals at the bottom, weekly amount spent on each category as well as the percentage of my costs it represents. This helped figure out where I was over spending and what needed to be adjusted. Next, on the same page of the excel sheet right next to the color-coded spending category is my income category. Here I would track my income (mainly paychecks) as well as how much of that income I saved. I also tracked my 401k contributions on every paycheck and kept a running total of that as well. Yes, I had a 401k through my co-op company at 20 years old, it was pretty frickin cool. Moving on, I would run totals on all of that, run percentages for amount of money I was saving compared to making and how much I was investing compared to how much I made in total etc.

Date: Income: Net profit Savings Invested (401k)
5/24/16 tax return $74.00 $7,629.20 $900.00 $378.00
5/27/2016 paycheck $660.50 $925.00 $345.00
6/10 paycheck $1,192.00 $548.00 $395.80
Baseball tickets $45.00 $507.00 $42.09
6/24 paycheck $1,234.00 $562.00 $384.72
7/8 paycheck $1,097.00 $106.80 $388.87
7/22 paycheck $1,014.00 $600.00 $339.00
Amazon $80.00 $889.00 $375.00
8/5 paycheck $1,124.00 $551.00 $123.30
bonus $106.80 $295.00 $324.00
8/19 paycheck $1,099.00 ** $550.00 $622.12

After that I believe I started tracking my net worth in specific categories. As you can see below I would track it every month and I have a nice little graph and everything, but I would track cash, emergency fund, P2P lending, Robinhood stock account, Stash and acorn, and finally my 401k. Add all that up in a couple different columns and there’s my net worth tracking.

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Another critical tool that I use on this spreadsheet is my Robinhood portfolio spreadsheet. Shown below it contains all the information on my stocks, shares, cost average, value into the position, market value and then the gain/loss with percentages. Also, the conditional formatting is a nice touch to quickly assess the portfolio. I usually update this sheet twice a week or more if I make big moves in the portfolio which I have recently.

Ticker shares cost average value in market value gain/loss gain/loss %
CHK 399 $4.92 $1,963.08 $4.00 -$367.08 -18.70%
ULTA 7 $241.25 $1,688.75 $227.69 -$94.92 -5.62%
O 25 $56.23 $1,405.75 $54.21 -$50.50 -3.59%
F 50 $11.38 $569.00 $11.64 $13.00 2.28%
BPMX 1624 $0.30 $483.46 $0.13 -$272.34 -56.33%
OHI 15 $27.12 $406.80 $27.41 $4.35 1.07%
STAG 15 $26.77 $401.55 $25.69 -$16.20 -4.03%
ATRS 130 $2.42 $314.60 $2.26 -$20.80 -6.61%
ELF 15 $19.87 $298.05 $20.05 $2.70 0.91%
AMBA 10 $52.94 $529.40 $50.25 -$26.90 -5.08%
CEFL 10 $17.72 $177.20 $17.95 $2.30 1.30%
T 5 $33.64 $168.20 $37.82 $20.90 12.43%
IP 1 $57.54 $57.54 $64.75 $7.21 12.53%
TTS 5 $9.48 $47.40 $9.75 $1.35 2.85%
JD 0 $41.82 $0.00 $0.00 $0.00 -100.00%
BAC 0 $23.95 $0.00 $0.00 $0.00 -100.00%
BABA 0 $0.00 $0.00
cash $4.35
updated $8,515.13 profits and dividends -$796.93 Current Value
1/18/18 money in $8,000.00 $515.13 current market ROI
started face value ROI 6.44%
12/2/16 net annual profit $456.37

Following the stock portfolio, I have two tables for dividend tracking however I’m only going to show the monthly counting dividend table. Below is a table showing how much I’ve received in dividends by each month and then sum it all together for the yearly total. As you can see I was relatively close to my goal this past year, a lot of my money was tied up in bad positions that didn’t pay dividends which ultimately hurt my portfolio as well. The other table features all the stocks I own that pay dividends, their payout on a yearly basis, how many shares I own, total yearly dividend income from those stocks, etc. I believe I am right at the $200 a year in dividends mark as we are speaking, that is not including interest payments I receive from Robinhood or the dividends I receive in stash.

Dividend tracking 2017 2018
January $0.00 $12.32
February $0.00 $3.10
March $0.00
April $0.00
May $0.00
June $12.54
July $6.39
August $5.55
September $20.68
October $17.86
November $23.12
December $28.13
$114.27 $15.42
Goal: $125 $500

I also use 2 tables for my Lending Club portfolio, the one below just tracks the interest I receive each month as it says on the account statement I get. Very simple and easy to fill out, nice little tool to figure out how the portfolio is doing overall at a quick glance.

Lending club interest collected
month amount
April 2017 $0.00
May 2017 $11.04
June 2017 $29.03
July 2017 $21.33
August 2017 $37.25
September 2017 $38.81
October 2017 $40.66
November 2017 $41.20
December 2017 $35.15
January 2018
February 2018
March 2018
April 2018
1 year gain $254.47

This next one is a bit more intimidating. This is a detailed depiction of the Lending Club portfolio, I fill this one out biweekly and the immediate return column is the only one that is self-calculated, everything else is straight from the Lending Club dashboard/summary screen. I use the immediate return to gauge my APY % as it comes in rather than the speculative NAR % return.

Lending Club info deposited account value NAR % return date immediate return monthly payments
active notes $1,500.00 16.50% 6/5/17
70 $1,700.00 $1,720.00 16.74% 6/19/17 1.176%
103 $2,500.00 $2,534.00 14.70% 7/7/17 1.360% ?
107 $2,500.00 $2,546.72 17.58% 7/21/17 1.869% $91.48
128 $3,000.00 $3,063.65 15.72% 8/4/17 2.122% $92.13
129 $3,000.00 $3,066.90 13.95% 8/29/17 2.230% $111.66
128 $2,900.00 $2,963.39 11.41% 9/15/17 2.186% $111.74
127 $2,850.00 $2,931.35 10.05% 10/3 2.854% $110.83
127 $2,800.00 $2,905.65 11.78% 10/17/17 3.773% $110.83
125 $2,650.00 $2,765.00 12.28% 11/1/17 4.340% $109.00
123 $2,600.00 $2,729.38 11.79% 11/15/17 4.976% $107.18
121 $2,500.00 $2,628.97 11.32% 12/1/17 5.159% $105.49
121 $2,450.00 $2,615.00 11.84% 12/16/17 6.735% $105.49
120 $2,400.00 $2,558.22 10.76% 1/1/18 6.593% $103.63
122 $2,400.00 $2,591.66 12.54% 1/15/18 7.986% $105.00

Finally, I track my blog statistics and posting schedule on my spreadsheet. As you can see I have tracked my advertising costs as well as the WordPress cost of the blog. I also track my views, visitors each month. Now if you are familiar with blogging or have one already you know that jetpack tracks this all for you currently. I just like the convenience of pulling up this spreadsheet and having all the numbers and data I’d ever care to know about right at the tip of my fingertips and easily analyzed. I think It is worth the extra time to fill out the spreadsheet.

Blog sheet blog was created 11/24/2017 Blog stats 2018
Date expense Month: November December January
11/24 $46.98 wordpress 1 year views 3 81
1/5/18 $3.00 IG promotion visitors 2 7
1/12/18 $20.00 IG promotion Revenue $0.00 $0.00
1/15/18 $3.00 IG promotion expense $46.98 $0.00 $29.00
1/17/18 $3.00 IG pormotion NET -$46.98 $0.00 -$29.00

Like I said, just a schedule of what I’ve posted and when, I also anticipate a posting schedule but that is never correct, I always have too much on my plate or other things that need my attention before this. The yellow highlighted posts are blog posts that have the potential to profit through affiliate sales, referral codes, etc. I have a column next to it with the amount they’ve made so far. Unfortunately that’s a big fat goose egg right now.

Schedule content
11/30/17 future real estate investment
12/3/17 Stretch investing
12/7/17 side money challenge
12/11/17 lending club review
12/12/17 change of plans
12/17/17 stock portfolio
12/20/17 Aspiration|Summit
12/20/17 stash investing
12/21/17 acorn investing
12/27/17 Discover Credit Card
12/27/17 Dividend update 12/27/17
12/28/17 2018 Goals
1/3/18 stock market book FE
1/5/18 review Robinhood
1/5/18 side money update 1
1/16/18 status update
1/22/18 airsoft entrepreneur

As always let me know that you think!Hope you got some useful information from this post, and may apply some of the ideas and concepts to help organize your finances or something else important to you.

Thanks, B^2

2018 Goals

So as December ends and 2018 is fast approaching I’ve been thinking what I want to accomplish this upcoming year. I’m not talking about New Years resolutions or anything, I’m looking at this year as a incredibly critical moment in my life. The actions I take in 2018 could have a significant impact on my life, and could either push me to the next level however you would like to define it, or I could come up short. As I mentioned before in my “Change of Plans” post, I did not get offered the co-op or internship that I thought I had a very good shot at. The co-op would’ve gave me another huge influx of capital and could’ve been a critical asset in my financial life. The missed internship opportunity would have most likely secured a career path once I graduated. So, without either of those I am approaching 2018 in no man’s land. This would be the first time in 2 years that I am going into the new year without a summer job prospect or offer. I did end the Fall 2017 semester very strong, so I have that going for me as well as some good stock positions and prospects going into 2018, but back to the goals. I recently started reading Grant Cardone’s The 10x Rule  which has driven me to set more ambitious goals and to put in more time and effort to achieve those results.

$2500 in my aspiration emergency fund (this would give me the 1.00% APY interest rate)

$20,000 In my Robinhood portfolio (originally shooting for $10,000, hoping some options trading will give me the edge I need to achieve this goal)

$10,000 in stash app (originally $5,000)

$10,000 in Lending club (originally $5,000, would be incredibly useful in the stretch investing method)

Collect over $1,000 in dividends and stock interest (this years projected amount was ~$250, original goal was $500)

Have 5, $1,000+/year income streams by the end of 2018 (Anticipate being Dividends/interest, Lending Club interest, Internship, Drop Shipping, Blog)

150 blog posts by the end of 2018

All these goals are related to the blog and my financial life, I also have goals, relating to my academic life, extracurricular involvement, and fitness. I won’t get into details on these to keep this post short.

So tell me some of your goals and ambitions this year, I look forward to reading your comments.

Aspiration|Summit checking account

I just recently opened another savings/checking account through Aspiration. Aspiration has been in the news lately with its Glassdoor reviews and recent awards. I am using this new savings/checking account as my emergency fund. Aspiration is known for its high interest rates specifically, 0.25% APY for accounts below $2500, and 1.00% APY for accounts above $2500. My short-term goal is to reach the $2500 amount by the end of 2018. In the future I would like to use their IRA, and investment account options. Another perk of Aspiration is that they will allow you to use any ATM and they will pay the transaction fees. This proves extremely useful in the context of an emergency account. That along with the high interest rate gives Aspiration the dynamic duo I was searching for.

I will provide further review as I become more familiar with the platform and explore some of its other features and investment potential.

I encourage you to take a look at this great banking option.

Aspiration Referral Program

Every time a friend or loved one opens an account using your invitation link (linked below), you both will receive $25 Do Good dollars to donate to the charitable cause of your choice. So lets start the new year off right!

https://my.aspiration.com/app/token/referral/42IC50VR6ON2QX0B

About Me

Hi my name is Brandon and this is my financial and investing blog!

A little bit about myself, I am a 22 year old college student, studying in the engineering field. I currently invest in ETF’s, stocks, 401k, and peer-to-peer lending. I am looking into real estate investing, options trading, and drop shipping in the future.