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.

IMG_1364

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.

IMG_2017

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.

networth

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.