January 2017 Net Worth Update – Finally a half a millionaire!!


This is my official January 2017 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 01/31/2017. Detailed explanations and a quick summary can be found below. If you would like to see my previous months net worth posts, please visit my Net Worth Tracker.  I have been tracking my net worth monthly since May 2015.  If you want to learn how to track your net worth then check out how I am doing it.

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Quick Summary and comments: +$54,674


HOLY COW!  I’m officially a half a millionaire!   I have been working hard to do this and I am very proud of myself and feel accomplished.   How did I do this?  Well long story short, Real Estate and Stocks!     Every January I re-assess my real estate properties to see if and how much appreciation growth they have  had.  I was able to get MLS sold comps for each of my properties and saw a total of a $40k increase in equity.   Which is great!  But also not so great because that appreciation growth only came from two properties.  My house in Austin and my primary house here in Indy.   All others stayed the same.  Which is not really too disappointing because I was expecting that.   After all, I am in it for the cash flow, not for the appreciation.   Any appreciation I do see is just icing on the cake which is fine by me.   🙂

I also saw a nice $8k increase in my stocks for January so that was nice to see.   Now let’s just see how long it will take me to finally reach millionaire status.  My guess, probably another 4 to 5 years.  Ill just keep working hard to invest and maximize my financial growth and hopefully it will come sooner.  A bit of luck will have to come my way though.


Personal Life Update – January was a bit of a slow month for my wife and I.  After being on the road for most of December it was nice to take a break in January.   We did however make some big decisions and moved around some money.   In my last post you may have read that I replaced my Jeep Wrangler with a minivan.   Well we did all this in January.  I bought a minivan for $20k and I sold the Jeep for $19k.   All in all, I was very satisfied with how much I got the minivan for and also very pleased with how much I sold the Jeep for.   We did not take a huge hit in our cash position because of this, it was almost like an even trade.   We also paid off the car loan that we had on the Jeep.   Which is totally awesome by the way!!  As of now, we no longer have a car payment.  Hopefully, I will never have a car payment again as long as I live.


Amazon FBA Update –  Last month I revealed that Amazon screwed me bigtime by removing my listing and blocking me from being able to sell.  It was a huge mess trying to get that resolved but I am happy to say that I did finally get it resolved.  My product was pretty much inactive for about a month.   Now that my product is active again, it has not been selling so great.  I’m back down to like 1 to 2 sales per day max which is not good at all.  I also even lowered my price from originally $37.99 to now $29.99.      I may lower it even more.  What a bummer it has been for my amazon FBA selling project.  I was so happy and excited when I first started and now I just want to sell all my inventory as fast as possible and call it a day.   I need to re-evaluate my ROI on this but I can tell you that now there is no way I will be reaching the returns I originally calculated.   After having to lower my price and having to keep my inventory at the amazon ware houses even longer, that will really cut into the profits.   I’m pretty sure though that I will at least make a little profit.   All hope is not lost yet and it doesn’t appear that I will lose money.   Just need to see how it plays out.  I will keep you updated.

All in all though, I am pretty much considering my amazon business to be a complete failure.  I might be jumping the gun on this assessment but that is how I feel about it right now.   Since my product is barely selling now, I do not know how long it will take to finally get rid of my inventory but I have about 140 more items left to sell out of a thousand.   I guess when I put it that way, it’s not so bad, I mean I have sold over 800 units of this thing which is pretty good I guess.

Okay enough about that, lets jump into my net worth categories.

Assets: Explanations of each of my assets.half a million in net worth

Cash: $1,542

Cash went down this past month for multiple reasons.  Mainly because I paid off my car loan but also because I had to pay my super expensive credit card bill which had all the expenses from our December travels.  It was brutal!!

My cash as noted above in the spreadsheet consists of my wife and I’s checking account.  My REI (Real Estate Investing) checking account as well as my separate Amazon business checking account.   Satisfied!

HSA account: +$138

Slight increase in my HSA account from my paycheck contributions. Nothing crazy.

My HSA deductible is $1300 for the year and I have close over $5k in this account so with that being said, since I am maxed out already with my yearly deductible, I don’t see a need right now for depositing more funds.  I am only taking a very small amount out from my day job paycheck to fund this account. Any money after that deductible will just sit in that account not making me money. I know I can use the money that I don’t put in there to get better returns as long as I invest it in more real estate. This number should increase each month a tiny bit.   Satisfied!

Company Stock Options: +$4,961

Wow I am impressed with these stock options.  They have reached a new high and have surpassed my sell mark again.  I am locked in a freeze right now though so I can’t do anything with these but if the price remains high like this, I need to think real hard about cashing out on these.

These are stock options from my day job. I am fully vested.    Very Satisfied!

Stock Portfolio: +$3,253

The majority of my stock portfolio is built of precious metal mining stocks.   It has been a roller coaster ride with these as expected.  For now they seem to be going up so I’m pleased with that.    I’m not too worried about what these do in the short-term.  Im in it for the long haul on these as I think it’s just a matter of time before the precious metal sector takes off.    Overall I am still profiting from these stocks as I bought them for dirt cheap.

I bought all my shares using tradeKing.         Satisfied!

401K: +$168

I made an executive decision awhile back to take money out of my 401k and no longer contribute any more money to it. Mainly because I do not get matched contributions from the dreadful day job. But also because I KNOW I can make better returns using that money on rental properties.    Any movement you see in this asset is only from market fluctuations.   I am not able to withdraw the remaining amount in here until I quit my job.   I really don’t like the idea of having an account that punishes me to take money out because of age. Satisfied!

Property # 1

After the rehab I put into this house when I first moved to Indy I am happy to report that the appreciation has been nice on this.  With the sold comps I reviewed I priced the house to be worth now $130k.    Could be more actually but I am a bit conservative with this one.    This is my new primary house which is actually one of my older turnkey rental properties that I have purchased.   I moved into this rental because I love the location, the size of the house and because my mortgage on it is less than half of what I was paying when I was living in Austin, TX.    Super Satisfied! Here are more details on when I originally bought this one as a rental property.

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Property # 2

This is my only other house that saw an appreciation gain.  It wasn’t much but it was a nice $5k boost.   I also went a bit conservative on this and thing it actually is worth a bit more.    Other than that, Rent paid on time, no repairs requests.  This is the property I self manage in Austin.   Even now that I live in Indy, I will continue self managing this one.  I think I can do it from afar and if in the future I realize that I can not continue being my own property manager, then I will probably just find a PM to handle it.   So far everything is going great.  I have not heard a peep out of them and they locked in for a 2 year lease so I’m hoping this one is a cash cow for a long time.

This is my first rental property. It used to be my primary residence at one point. I expect gradual appreciation from this property because it is in the suburbs Austin which has been growing tremendously.  Love me some HOT markets!           Satisfied!

Property # 3

Rent paid on time, one repair call came in however I declined it.   The tenant wanted to have the gutters cleaned by me but luckily the lease I have specifically says the tenant is in charge of cleaning the gutters.

This is my first turnkey rental property I purchased out-of-state in Indianapolis. I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only. Satisfied!

Property # 4

Rent paid on time every single month and haven’t had any repairs on this since the last one which all went down when I fired my property manager from.    The tenant is happy, the PM is happy and I am happy.  Hopefully I will continue to not have anymore problems with this one now that we have resolved all the issues we had before with the plumbing and the horrible PM.

This my 2nd turnkey rental property in Indianapolis I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only. Satisfied!

Property # 5

Mortgage paid on time. No issues. This is a note that I own from a house that I sold via owner finance in the Austin area.  If you notice though, the reason why this asset will continue to go down from the spreadsheet above is because it is a note and the principal balance on it goes down each month as the buyer pays me. Remember, I’m the lender on this one. Satisfied!

Property # 6

Rent paid on time and no repairs on this one either.    This is the last turnkey rental property I purchased located in the Kansas City area.  I bought this in late October 2015. I purchased this property also for CASH FLOW purposes only. I am not expecting appreciation gains on this one. Satisfied!

Property # 7

Rent paid on time and no repairs on this one.

I bought this rental property from a wholesaler here in Indy after I moved here.  I paid this one in cash and it came with a properly screened and paying tenant which was great.  The property needs some fixing up however I won’t mess with it until after the tenant moves out or submits repairs.   This is the one I really want to convert to an AirBnB.

Property # 8

This is my newest rental and the tenant moved in late December.  He did submit a few repair calls and it ended up costing me about $1k.   It was pretty much my fault for not checking the items he called about when I rehabbed this home.    So in other words, this just adds to my rehab budget and I feel bad that the tenant had to call it in.

I bought this house from a wholesaler here in Indy for $65k in a very popular Indy neighborhood back in late October.   I finished the rehab on this one in late November/early December and got it rented out for $950 just in time for christmas.   December is not easy to find a qualified tenant.  Not only did my property manager find a qualified tenant but the tenant signed an 18 month lease so that we both don’t have to deal with a vacancy/move in December again.  Talk about a Christmas miracle!!!

Liabilities: These are self-explanatory so I wont dive too deep into these however I would like to include the items below for informational purposes.

Credit Card

I only use one credit card (rewards card) that I use to purchase my everyday expenses. I pay this off in full every month. I am receiving 1.5% cash back on this card and am very pleased with it. Satisfied!

Car Loan

I FINALLY PAID OFF THIS CAR LOAN!!  WoooHooo!  Im excited about this.  I always had the cash to pay this off but never wanted to because my rate was so low.   This loan was for my Jeep Wrangler which I replaced with a minivan.   Since I sold the Jeep, I had to pay off the lien.  Good riddance!!  On the loan that is, not my poor Jeep!!   🙁


Last 30 days net worth graph from Personal Capital

I really do love this chart, it looks great and its nice and big. The big dip you see at the end is from when I bought my new rental property cash, then it goes back up after I added it as a new asset in the account.  Good stuff!


net worth half a million

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  1. Congrats on hitting half a million net worth. You had a nice grow this month and it’s sad for you FBA project.

    I had a similar experience with selling stock on the web … Now I am stuck with an inventory.

    • Thanks so much! Im really happy about the financial growth and although the FBA project is not working as originally planned, its still a good learning experience. I hope you get rid of your inventory. I recently listed my product on ebay also and have zero sales.

  2. This looks awesome; congratulations! After half a million things will really speed up due to compounding. I guess 4-5 years is realistic to reach 7 digits. Well done!

    • Thanks RR! Yeah I think 4 to 5 years is realistic. Could be faster if any of my properties appreciate a lot or I hit a homerun with a future property. Who knows! Just have to keep at it.

  3. Congrats on hitting the 1/2 million mark. Great accomplishment. Glad to hear the Amazon stuff got worked out. I guess this will close the books on this experiment. How’s the minivan? 🙂

    • Hey Brian!! Haha yeah the minivan is doing great! I still cant get over how roomy it is inside. We have the stow away seats and pretty much just keep the seats tucked away at all times since we dont have any kids. LOL

      After I run out of my amazon inventory, yes that will close the books on my amazon experiment. Im still curious to see though what the final numbers are when I sell my last item. Hopefully it will be gone in a few months.

  4. Congrats on the milestone. To bad on your Amazon experiment. I’ve been hearing more and more stories about this happening to sellers. The competition from other sellers is fierce and often times it’s the competition that turns you in on Amazon.

    I’m thinking about investing in Indy. I may reach out to you, if that’s ok.

    • Definitely agree, the amazon competition is crazy. You should definitely consider investing in Indy, its a great city and a lot of good things occurring here. Still has plenty of meat for other investors.

    • Thanks Brian!! Yes once I sell out, ill definitely let everyone know what the product was.

    • Im trying to figure out ways now on how I can accelerate the growth for this 2nd half. I definitely do NOT want to wait 4 to 5 years. hehe.

  5. Hurray for your amazing half-millionaire status! That is such a wonderful accomplishment! I don’t know you in person, but I feel such a swelling of pride for you anyways – thanks for brightening my day with your news!

    As for your Amazon experience – yeah, that sounds about right. Amazon really isn’t incentivized to treat its private labelers well right now. If a product does really well, they want to buy it wholesale and unfortunately, manufacturing companies in China aren’t exactly famous for respecting patents/intellectual property laws. My husband had a similar experience doing retail arbitrage with Amazon. While it was going well, he wrote a book about it (you can find it at his website, which I have commentluv link to since my personal blog isn’t finance related at all), but eventually ended up updating the introduction to the book to communicate that the market/Amazon’s rules had changed.

    The funny thing is, this led him to writing books via Amazon! Amazon is still incentivizing publishing through their platform (presumably because in this case, they get to buy straight from the producer). But ultimately, our goal as entrepreneurs has to be to break our dependence on Amazon. They are so great when they’re working with you but can crush our small businesses in a heartbeat because they have all the control.

    • Wow thanks Ashley!! I really appreciate the kind remarks.

      I wish amazon would change the way they think about private label sellers. Its a shame they pretty much just take over successful listings but I guess its a dog eat dog world. Im glad your husband found ways to still profit from Amazon. Congrats!

  6. Congrats on getting to the 1/2 mill man! It’s been cool to watch your journey along the way and I’d love to give you a virtual high five :)!

    It’s a shame about the Amazon FBA although sure you’ll come up bigger and better from it.. Out of interest what sort of cash flow are you generating from your rentals? Interested to know your plans and goals for 2017 as well if you could pop up a post

    All the best for a fantastic February!

    • Hey Jef! Thanks bud! High five!! I have been meaning to do a cash flow post now that I have added two more rentals. I think im getting over $3k now per month at least in cash flow. Will have to figure it all all out soon. As of now, my goals for 2017 is to buy at least one more rental property, maybe two.

      All the best to you too!

  7. Congrats on your progress. I enjoy your blog because it focuses primarily on rental real estate which is how I became FI. Indianapolis should be a really nice market for you in the years ahead. Regarding your blog income reports section, is the income self reported per blog more or less the honor policy? Not that anyone would misrepresent but I have become more cynical as the years go by. Obviously some people are doing very well and others enjoy it so the money is not always the only objective.

    • Thanks ML!! Youre an inspiration to us all. As for the blog income reports, unfortunately there is no way for me to ever be able to prove what those bloggers are making so in a way, yes it is all the honor system. Its hard to believe how much some of them make for sure. Who knows if its true or not. I know for me, my little blog makes anywhere from $200 to $500 per month still. It has been for about awhile now, doesnt seem to grow but its alright. Im happy with getting any money at all from it to be honest.

    • Thanks Kyle! Ive never been a fan of putting a timeline on stuff but im hoping in about 4 years from now.

  8. Godd! Congrats on hitting half a million net worth. You had a nice grow this month and it’s sad for you FBA project.

    I had a similar experience with selling stock on the web … Now I am stuck with an inventory.

  9. Regarding your blog income reports section, is the income self reported per blog more or less the honor policy? Good.

  10. Amazon really isn’t incentivized to treat its private labelers well right now. If a product does really well, they want to buy it wholesale and unfortunately, manufacturing companies in China aren’t exactly famous for respecting patents/intellectual property laws.

  11. Amazon really isn’t incentivized to treat its private labelers well right now. If a product does really well, they want to buy it wholesale and unfortunately, manufacturing companies in China aren’t exactly famous for respecting patents/intellectual property laws.

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