Gilberto de Piento's Journal

Where are you and where are you going?
Farm_or
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Re: Gilberto de Piento's Journal

Postby Farm_or » Fri Jan 06, 2017 8:12 am

Awesome! Especially over these last two months might be the most difficult of the year?

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Gilberto de Piento
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Re: Gilberto de Piento's Journal

Postby Gilberto de Piento » Fri Jan 06, 2017 9:05 pm

Farm_or wrote:Awesome! Especially over these last two months might be the most difficult of the year?


Thanks! It's hard to avoid spending at Christmas. Though my recent success is attributable to the stock market moving up more than anything.

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Re: Gilberto de Piento's Journal

Postby Farm_or » Sat Jan 07, 2017 8:06 am

I can relate to the market earnings. This was a first for me where my equity investments outpaced my ag equity return.

One day, feeling frustrated with farm stuff, I asked myself "why in the hell do I bother?" If i sold out, invested alll the equity, I would have more passive income than active. But then I thought about capital gains and that this run up is more likely going to moderate. And most of all, I would would​miss my surroundings and the purpose it gives me...

mxlr650
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Re: Gilberto de Piento's Journal

Postby mxlr650 » Thu Jan 12, 2017 1:33 am

@GdP I saw consulting income in the previous page, so have you considered getting more consulting gigs which can accelerate wealth accrual?

Good job on your 170k achievement!

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Gilberto de Piento
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Re: Gilberto de Piento's Journal

Postby Gilberto de Piento » Thu Jan 12, 2017 9:05 am

And most of all, I would would​miss my surroundings and the purpose it gives me...


There's more to it than just having money. Purpose is important too.

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Gilberto de Piento
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Re: Gilberto de Piento's Journal

Postby Gilberto de Piento » Thu Jan 12, 2017 9:10 am

@GdP I saw consulting income in the previous page, so have you considered getting more consulting gigs which can accelerate wealth accrual?

Good job on your 170k achievement!


Thanks!

I've actually been thinking about telling them I'm not interested in more work. The money is good ($35 per hour) but they are a pain to work with. The are disorganized, they want me to use old fashioned methods, they second guess everything, I have three bosses that contradict each other, and I find it stressful.

The difficulty is that I don't think it can be replaced. They found me rather than me going looking for work. I've looked for other similar opportunities but I'm in a very narrow niche. Really, if I knew I would do the work, I should get back into internet marketing. Websites I made years ago are still making money. If I had carried on with that work I'm sure I'd be making $1000+ per month by now. And that money is passive once the sites are built, unlike the by the hour consulting work. I'm still thinking about what to do.

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Re: Gilberto de Piento's Journal

Postby Farm_or » Thu Jan 19, 2017 8:35 am

I can relate to the three bosses. My experience was with the tin Man, the Lion and the scarecrow. Uncanny how their actions matched those traits. It almost made me crazy (maybe it did?)

It's not very comforting when you are going through it, but just remember "this too will pass".
And you are progressing rapidly to a goal! That in itself should make you feel a lot better than a lot of the poor hopeless slobs around you?

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Gilberto de Piento
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Re: Gilberto de Piento's Journal

Postby Gilberto de Piento » Thu Feb 02, 2017 9:49 am

January 2017

January was a really good month! I had a record low for spending at $1541.07 resulting in a savings rate of 65%. My net worth is also up about $6000 over last month, mostly due to the market moving up. In my opinion, we're due for a correction but for now it's fun to watch the numbers increase (even though I know it's better for me to have lower stock prices since I am buying not selling them right now).

The low spending and high net worth this month mean some of my metrics have really improved. SWR is at 10.5%, my lowest ever. If the internet marketing income from this month is included SWR is now (barely) in the single digits at 9.9%! Correspondingly, years remaining to FI is in the single digits for the first time at 9.3 years. If interest of 8% is included (hypothetical stock market gains) there are only 6 years remaining.

Over the past few months my savings rate has been up 3-5% due to consulting income. I decided to leave the consulting job. At one point my day job was taking up 60 hours per week and the other organization needed an additional 20 hours on short notice. I had a hard time making it work out. I can't risk my real job for a few hundred dollars a month. I didn't like the work but I'm sorry to see the money go. I'm going to try to replace that income somehow but it won't be through consulting in the same way.

Expenses
Bills & Utilities 5 (Annual checking fee)
Business Services 17.98
Charity 45 (Some annual donations)
Gas & Fuel 49.26
Groceries 267.57 (A little high)
Gym 51.7
Internet 23.29 (Sharing with two others)
Laundry 20
Mobile Phone 12.23
Mortgage & Rent 970
Pharmacy 27.29 (Had a cold, needed some medicine)
Restaurants 47.25 (A little high)
Travel 4.5
Total -FI 1541.07

Income

Paycheck 2454.96
Amazon 99.58
Consulting 420 (actually 320 from consulting, 100 from selling ads on a website)
Checking 19.32
Gift 80 (Some income related to Christmas)
457b 1384.6
Total +FI 4458.46

Savings 2917.39
% Spent 35%
% Saved 65%
SWR 11%
SWR with IM Income 10%
Years Remaining 9.3
Years Remaining with Interest 6


"Luck is where the crossroads of opportunity and preparation meet."
Seneca

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