PoP Balance Sheet – July 2015

Welcome to our July 2015 Balance Sheet!

We use the structure of a monthly income statement and balance sheet in tandem to make sure we are keeping our expenses low and planting our pennies wisely. If you’re not already tracking your finances using these two methods, go to mint.com and get started today! If you have any questions about how we do this just post a comment and we’ll be sure to help!

After June’s net worth drop – the first for us in the history of this blog, but certainly not the last! – Mr Market rallied by the end of July and helped boost our net worth to a new high. Plus it helps that we spent a lot less than we did in June and kept much more of our income in our pockets.  =)

Other than Mr Market’s wild ride, which felt about as exciting as Mr Toad’s Wild Ride did when I went to Disneyland as a teenager, the rest of the balance sheet was pretty boring this month.

For the month of July:

  • Our total assets up by $14.8
  • Our total liabilities went down by $0.8
  • Net worth went up by $15.6K 
  • Total net worth as of the end of July is $925.2K, which represents a 1.71% increase this month.

And for the details…



Stock Accounts

  • 401K accounts: $259.4
  • Roth IRA accounts: $165.5
  • HSA account: $11.6
  • Taxable Brokerage Accounts: $82.9
  • Total Stock Accounts: $519.4 

Real Estate (based on current market comparable sales)

  • Primary Residence $239
  • Investment Duplex: $140 – increased by $10K
  • Investment Residential Land: $80
  • Total Real Estate: $459.0 

Cars (values from Kelly Blue Book)

  • Car 2: $7.6
  • Total Cars: $7.6

Cash Holdings

  • Checking Accounts: $12.7 – need to move $2K over to our taxable account for the month!
  • Savings/Money Market Accounts: $17.0
  • Total Cash Holdings: $29.7

Total Assets: $1,015.7   


Real Estate Loans

  • Primary Mortgage: $88.8
  • HELOC on Investment Duplex: $0.0 (re-advanceable)
  • Personal Loan – Used to Purchase $50K Duplex: $0.0
  • Total Real Estate Related Loans: $88.8

Revolving Credit

  • Credit Card Balance: $1.7
  • Total Revolving Credit: $1.7 

Total Liabilities: $90.5

Net Worth = Assets – Liabilities

Net Worth = $925.2, up 1.71% from June


Tracking Investable Asset Growth

This first graph shows the growth of our investable assets (net of any liabilities against them), and shows the distribution of the various equity classes we hold. Pretty self explanatory.



How Many Years Of Spending Do We Have Saved?

Here I’ve taken the total of our investable assets for each month and divided it by the expenses (excluding our investment property expenses) for that month. The idea being that this shows how many years we could live off of those assets at that rate and gives us a better idea of what lifestyle inflation (or intentional deflation) can do to the relative value of our savings.


It fluctuates in a much bigger range, because in high spending months (like February 2013 when we spent almost $7K paying off our car completely and February 2015 when we spent a bunch installing solar panels), the denominator is so much bigger. Because of that, it’s the overall trend we’re looking for.

Early Retirement Locale Index

Mr PoP wanted one more way to understand more viscerally how much we have in “investable assets”, so we’ve come up with what we’re calling our Early Retirement Locale Index. The basic idea is that we know how many years of savings we have at our disposal if we were to continue living in south Florida. (That’s the chart above.) But using the “magical” 25 years of savings necessary for early retirement, where would we have to move so that our current investable assets would cover 25x our COL adjusted current spending? (Note, this is purely for fun, we’re not intending to move. Don’t worry Mama & Papa PoP!) If you want to follow along, we’re using this Cost of Living Index from Expatistan, and using the average of the two big cities in south Florida on the list (Miami and Tampa) as our current COL index, which gets us 195. Our city isn’t on their full list, hence the average – but maybe yours is. Then we’re solving this equation:

Current Years Saved/ 25 = COL Early Retirement Locale / COL S. FL

10.87/25 = COL Early Retirement Locale / 195

COL Early Retirement Locale = 84.76

… which brings us to Skopje, Macedonia!

Having already passed through Skopje (virtually with the ERLI) back in September of last year, and not being terribly eager to enjoy it as a retirement location (recalling a bit unpleasantly time passing through the country on a train while I was in college), we’re still not sold on Skopje and will just have to look forward to a more promising ERLI city next month!

Here’s our journey through the ERLI so far…

  • January 2014 – Delhi, India
  • February 2014 – Quito, Ecuador
  • March 2014 – Kiev, Ukraine
  • April 2014 – Chiang Mai, Thailand
  • May 2014 – Madras/Chennai, India
  • June 2014 – Colombo, Sri Lanka
  • July 2014 – Bangalore, India
  • August 2014 – Yerevan, Armenia
  • September 2014 – Skopje, Macedonia
  • October 2014 – Brasov, Romania
  • November 2014 – Prague, Czech Republic
  • December 2014 – Mexico City, Mexico
  • January 2015 – Zadar, Croatia
  • February 2015 – Kiev, Ukraine
  • March 2015 – Cairo, Egypt
  • April 2015 – Bangalore, India
  • May 2015 – Niteroi, Brazil
  • June 2015 – Nowhere!
  • July 2015 – Skopje, Macedonia


How was your balance sheet in July? Where would your savings land you today?

31 comments to PoP Balance Sheet – July 2015

  • Back on the map!

    Balance sheet for July was roughhhh with renovations, but it was expected and no debt has been incurred.
    Taylor Lee @ Engineer Cents recently posted..S-T-R-E-S-SMy Profile

  • Wow, 1 million is in sight!
    Nicoleandmaggie recently posted..Leave Cara alone!My Profile

    • ha! It seems our readership is more excited about that than we are. =)

    • We didn’t notice we’d passed 1 million until sometime after it had happened (we don’t have all of our accounts on MINT and don’t often calculate our net worth), but passing that mark did make me feel warm and fuzzy! And a bit more relaxed. :)
      nicoleandmaggie recently posted..Leave Cara alone!My Profile

      • Our HSA is our only account not in mint, but it’s pretty small so we’d probably notice relatively soon. But the mint value doesn’t match up with what I consider more accurate – these numbers/our excel spreadsheet, since we let mint import the zillow value for our house which gets updated often. Currently Zillow thinks our house is worth a good deal more than we do, so the gap to $1mm is much smaller using those numbers.

  • It’s so fun watching your net worth grow since you guys are a few years ahead of me! :) I’m back in Fortaleza, Brazil like I was in May! I actually track these cities month-to-month on my computer locally.
    Leigh recently posted..Budgeting: always stay a month aheadMy Profile

    • What are you doing to track them on your computer?

      • Oh, I use a OneNote notebook for my Finances. It used to just be locally, but now I have it in OneDrive. This notebook has a few sections:
        1) monthly asset/spending updates (since late 2010 – though I’m trying to switch over to quarterly here and then using the blog one for my monthly update)
        2) a journal of random thoughts on my finances. The journal section has a ton of pages:
        a) an IRA journal: a tracking of all contributions/withdrawals to my IRAs over the years, including date, amount, and type like Contribution/Recharacterization/Conversion/Transfer from 401(k)
        b) some net worth projections
        c) the original mortgage amortization schedule and notes on when I achieved each year’s balance
        d) Expatisan Cost of Living: a table of month, last 12 month’s expenses, net worth, N/E, my city’s index, and the ER Locale

        Basically the OneNote notebook covers everything that spreadsheets can’t and often I start things there and then migrate them to a spreadsheet.
        Leigh recently posted..Budgeting: always stay a month aheadMy Profile

  • Michelle

    You are really close to a million. When you hit that mark, do you consider yourselves millionaires? Or are you not considered millionaires until you hit the two million dollar mark since there are two of you?

    • Well, we haven’t really thought about it, but since everything of ours is combined, I’d say probably yes. But then we get to the question of what is a “millionaire” because for us we’re certainly not going to change behavior or attitude because of it. =P

  • You’re within striking distance of the double comma!

    You guys are killing it — well done! We’re a couple years away from getting near that milestone, but it helps to have you guys putting out these updates to give us some inspiration. Thanks!
    Done by Forty recently posted..The Miracle of the CommonsMy Profile

  • I love seeing your net worth graph over time. Look how much it’s grown over 3 years. 3 years seems like a long time but is so short in reality.
    Mrs. Crackin’ the Whip recently posted..Privilege Is Not RequiredMy Profile

    • It’s true… we’ve been married for 6 years now and that feels like forever, but also like we’re just barely getting started. The past 3 years with the blog kindof feels the same way with our finances.

  • Awesome! Almost to the double comma club. Keep it up!
    Fervent Finance recently posted..The First $100k is the Hardest!My Profile

  • I don’t know about Skopje. That’s a weird place. But Ohrid might not be so bad. They’re filming the next season of Game of Thrones there, after all.
    Norm recently posted..Weathering All Kinds of STORMS, Get It??My Profile

  • I am staring at you “Tracking Investable Asset Growth” chart. I love seeing that growth and envisioning how my own chart will look 10-, 20-, and 30- years from now. As a youngin, it’s inspiring, so thanks for sharing it. Congrats on being **so** close to 1MM. It’s so close you can almost touch it!
    Take care,
    Mr. Modern Millennial recently posted..The 20-minute neighborhood: 4 reasons why walkability will be a key focus in our next big moveMy Profile

  • Do you think you’ll be at 1m by the end of the year? That would be an awesome feeling!

    • I think it’s up to Mr Market. We’re unlikely to get there by pure dollars saved from our income alone. If Mr Market jumps 10% in 5 months, then heck yeah! If it’s flat to down like it has been the first seven months of the year, then probably not.

  • Lucas

    Like your city list! That is a unique twist on the FI tracking :-) I track my “years of savings at monthly burn rate” by using a 6 month moving average of expenses. It tends to smooth out some of the month to month variations and give a better picture of where we are actually at. July was a high spend month for us with finishing up our bathroom remodeling. August is also looking to be an expensive month with some major car and medical expenses. looking forward to September already 😉

    • Yeah, we’ve talked about smoothing out the burn rate tracking by using a 12-month average, but for us we need to see the impact of big splurge purchases a little more immediately than that would give us, lest they become too easy to justify. =)

  • Wow, incredible numbers. You are very close to a million! I am not super clear on the list of cities. Are these cities you investigate as potential retirement places?
    Jess @ Best Credit Cards Canada recently posted..How to Use a Credit Card ResponsiblyMy Profile

  • I’m excited about the million mark too. I’m going to make a bold statement and bet that you hit it this year. Yes, you heard it here first! Only 5 months, to go, so start hustling! And China isn’t helping matters at the moment. Anyway, no pressure*.

    *If you don’t make it though, I’ll cry myself to sleep every night for week. That will not be a good way to start 2016.
    Mr. 1500 recently posted..Hermione, Holden and the Best Thing that happened to me LatelyMy Profile

    • ha! bold predictions, indeed! I’d hate to see you and the New Year’s baby crying at the stroke of midnight on New Year’s, but I’m not all that hopeful given the market’s recent track record.