PoP Balance Sheet – June 2016

Welcome to our June 2016 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!

Happy Independence Day!  (If you’re in the US, that is.)


Alternatively, happy Good Riddance Day if you’re in the UK!


While it’s not yet our Financial Independence Day, we are surprisingly closer to that day at the end of this month.  I say surprisingly, because going into the month and awaiting the Brexit vote, I just had a gut feeling that we would get kicked out of the double comma club.  (And we might have been mid-day a couple days after the vote when the market hit its Brexit low, at least so far.)  But by the end of the month, the market recovered, and we had actually even managed to execute our monthly deposits into our taxable account during the Brexit mini-crash.  So we got a nice 3% sale on those compared to the day before.

Here are the numbers for June:

  • Our total assets went up by $11.3K 
  • Our total liabilities went up by $0.5K (just a function of when we pay the cc balance)
  • Net worth went up by $10.8K 
  • Total net worth as of the end of June is $1,037.3K, which represents a 1.04% increase this month.

For the details…



Brokerage Accounts

  • 401K accounts: $301.1
  • Roth IRA accounts: $174.5
  • HSA account: $14.4
  • Taxable Brokerage Accounts: $136.3
  • Total Stock Accounts: $626.4 

Real Estate (based on current market comparable sales)

  • Primary Residence $239
  • Investment Duplex: $140
  • Investment Residential Land: $80 – a pending sale nearby our lot means we may be getting close to updating this value…
  • Total Real Estate: $459.0 

Cash Holdings

  • Checking Accounts: $10.6
  • Savings/Money Market Accounts: $25.0
  • Total Cash Holdings: $35.6

Total Assets: $1,120.9


Real Estate Loans

  • Primary Mortgage: $82.7
  • HELOC on Investment Duplex: $0.0 (re-advanceable)
  • Personal Loan – Used to Purchase $50K Duplex: $0.0
  • Total Real Estate Related Loans: $82.7

Revolving Credit

  • Credit Card Balance: $1.0
  • Total Revolving Credit: $1.0

Total Liabilities: $83.7

Net Worth = Assets – Liabilities

Net Worth = $1,037.3, up 1.04% from May


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 180.0. 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

14.39/25 = COL Early Retirement Locale / 180.0

COL Early Retirement Locale = 103.64

… which gives us the city of Johannesburg, South Africa!

Absolutely perfect timing this month on the ERLI finds us in Johannesburg, South Africa the exact time that a friend of ours is performing in a show in South Africa.  Not in Johannesburg, but the town it’s in isn’t on the Expatistan list, so I’m going to call it roughly equivalent for now.  As such, we’ll just pretend that Mr PoP and I are in South Africa, seated in an auditorium, proudly watching our friend perform.  After the show, I’m sure our friend (who grew up in South Africa) would give us the lay of the land and help us get acclimated to our new home.  =)  

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
  • August 2015 – Recife, Brazil
  • September 2015 – Ankara, Turkey
  • October 2015 – Lisbon, Portugal / Santo Domingo, Dominican Republic
  • November 2015 – Debrecen, Hungary
  • December 2015 – Tbilisi, Georgia
  • January 2016 – San Antonio, Texas or Louisville, KY – readers pick!
  • February 2016 – Lisbon, Portugal
  • March 2016 – Brno, Czech Republic
  • April 2016 – Vitoria, Brazil
  • May 2016 – Santiago, Chile
  • June 2016 – Johannesburg, South Africa


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

6 comments to PoP Balance Sheet – June 2016

  • I calculated my investments were up 0.2% ignoring contributions, so Brexit didn’t affect me much overall, even considering that my stock allocation is 50/50 US/international. And I’m still in Santiago from last month!
    Leigh recently posted..Pre-nups and marriage: the future of shared financesMy Profile

    • Nice! I didn’t look at ours excluding contributions, but I imagine it wasn’t too far off. IIRC, the S&P500 ended the month within ~0.25% of where it started the month, plus we got quarterly dividends from a couple of our various funds deposited in, which are usually good for ~0.4% or more.

  • We visited Joburg last month and had a blast. South Africa is great — could totally see us retiring there someday.

    Well done on staying in the double comma club! We’re a bit behind you guys in the FI Journey, but hope to follow quickly in your footsteps. :)
    Done by Forty recently posted..Mortgages, Student Loans, and Good DebtMy Profile

  • I don’t have enough $$ to notice Brexit!

    And I’m about to have half what I have–as you know, Mr. FP and I are splitting. Well, at least there is SOMETHING to split. About 50K to share, plus the equity from the house. Well, onward and upward!
    Frugal Paragon recently posted..How to Adult: Book RoundupMy Profile

  • Really like the upward tick! I didn’t really do anything for Brexit. I wanted to do something during Brexit such as buying / selling but I got too lazy and couldn’t babysit my portfolio..
    Solve FInance recently posted..This Person Changed the Way I LearnMy Profile

  • My own financial adviser, the CFP in my business group, and the mortgage broker in the same group all concurred, on separate occasions, that Brexit would not be a disaster for the US economy. In fact, a couple of them think it will benefit US investors over the course of 2016.

    And so it seems to be. Whether some sort of slow withering on the vine is coming up remains to be seen…but I’m not very worried right now. I hope…

    :-) Very satisfying graphics!
    Funny about Money recently posted..Pay Off a Mortgage or Invest the Money Instead?My Profile