PoP Balance Sheet – October 2016

Welcome to our October 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!

Balance sheet was really boring this month.  The stock market went down a little more than 1%, and we put enough into our investment accounts to *not quite* balance that out, ending the month down a little.  Boring, but boring feels pretty good!

Here are the numbers for October:

  • Our total assets down $3.2K
  • Our total liabilities went down by $0.5K 
  • Net worth went down by $2.7K 
  • Total net worth as of the end of September is $1,236.8K, which represents a 0.22% decrease this month.

For the details…



Brokerage Accounts

  • 401K accounts: $317.2
  • Roth IRA accounts: $179.4
  • HSA account: $16.2
  • Taxable Brokerage Accounts: $148.5
  • Total Stock Accounts: $661.3 

Real Estate (based on current market comparable sales)

Cash Holdings

  • Checking Accounts: $17.7 – need to move a bunch to taxable…
  • Savings/Money Market Accounts: $35.0
  • Total Cash Holdings: $52.7

Total Assets: $1,318.0


Real Estate Loans

  • Primary Mortgage: $80.4
  • HELOC on Investment Duplex: $0.0 (re-advanceable)
  • Personal Loan – Used to Purchase $50K Duplex: $0.0
  • Total Real Estate Related Loans: $80.4

Revolving Credit

  • Credit Card Balance: $0.8
  • Total Revolving Credit: $0.8

Total Liabilities: $81.2

Net Worth = Assets – Liabilities

Net Worth = $1,236.8, down 0.22% from September


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 181.5. 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

24.10/25 = COL Early Retirement Locale / 181.5

COL Early Retirement Locale = 174.99

… which gives us the city of Las Vegas, Nevada.

In the US, but not really top of my list of US cities to visit.  

True story, my parents took me to Las Vegas shortly after my 21st birthday.  They gave me $100 and said I had to try gambling (I’d always viewed roulette as one of the truest mechanical games of chance since there’s not skill involved in the same way that there is in poker).  So I bet $10 twice and lost both times.  Then I had to ask if I was allowed to keep the rest of my money or if I had to gamble anymore.  They let me keep it, and I haven’t gone back to Vegas since – a fact I’m more than a little okay with.  

Well, I was okay with it until I heard Bette Midler had a show there, and then I actually kindof wanted to go… but then the show ended, so now I’m back to being okay with not going to Vegas.  =P

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
  • July 2016 – Thessaloniki, Greece
  • August 2016 – Gurgaon, India
  • September 2016 – Grand Cayman, Cayman Islands
  • October 2016 – Las Vegas, Nevada


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

10 comments to PoP Balance Sheet – October 2016

  • Congrats on your first ER location in the US!!! That’s pretty exciting :) And your first month SO close to 25 years of expenses!
    Leigh recently posted..Hindsight on Years of Aggressive Mortgage Pre-paymentMy Profile

  • Jacq

    I was trying to come up with a reason to give Las Vegas another thought and came up with I hear the hiking is nice. But if you want to hike there are probably less expensive places than Vegas.

  • Second! San Antonio vs Louisville…
    Nicoleandmaggie recently posted..Ask the grumpies: Suggestions for American foods to importMy Profile

  • Congrats on reaching the US!

    I actually took what appears to be a big step down this month, as I think you know: moving out of my four-bedroom house into a one-bedroom apartment, where I sleep in the living room. BUT, in my marriage, I never felt like I could get anywhere. Any time we had any money, we moved again or lost it all on an ill-advised house sale or something. It just ran through our fingers.

    Now, sure, I have no money. I am literally so poor that the federal government thinks I might not be able to feed my children (thank you, School Lunch Program–not having to pack is fantastic) and Comcast is concerned I might not be providing for their education (thanks for the $10/month charity internet! It is not as fast or reliable as $80/month internet but is much cheaper!). My college friends asked if I needed money.

    But I believe that’s temporary–my income is going up and I am looking for a full time job and what money I do have, no one else is going to blow on ill-advised life choices or failure to understand delayed gratification. (FWIW I am quite comfortable, and at least one major emergency away from financial disaster.)

    In addition to my move, our divorce was finalized in October. Onward and upward!
    Frugal Paragon recently posted..Budgeting With Little KidsMy Profile

    • Most assuredly upward! I don’t always comment, but I’ve been following uour journal and I am so amazed with your strength and attitude through everything. Long term, this time is just going to be a small bump in the road that youll hopefully look back in fondly someday while the boys remember mommy’s awesome daybed and that time you and LB went shopping when he was out “sick” from school.

  • Viva Las Vegas.

    We’ve been playing around with different locales, seeing if we might hit FI earlier (or live it up a bit more) somewhere outside the US. But there’s certainly an attraction of staying state side in a low COL area.

    Great to see the big RE gains the past couple months! That’s fantastic.
    Done by Forty recently posted..Viceland, Payday, and the HustleMy Profile

  • EL

    Hey you have another US city on the list, I see the net worth growing and the opportunities for living growing as well. Yeah I don’t like gambling either, i guess some PF bloggers understand the value of a dollar.
    EL recently posted..What is the Secret to Becoming Rich?My Profile