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Hi! I'm Mike and this is my wife, Jen!  Since we began this site, we've learned to live more frugally, completely eliminate our debts, create new income, radically increase our net worth, and live altogether better lives!  Sign up below for instant access to our members-only toolbox, including our exclusive guide:  15 Steps to Fix Your Broken Finances and Live a Better Life!

Sunday
Oct052014

The LTNE Report -- September 2014

Here are the highlights from this month:

Our net worth continues to grow, though those following the markets know that this month has been tough.

After much soul-searching, Jen has decided to undergo a job change-- this will either result in her returning to working at home (and saying goodbye to that secondary income!) or she will move to a new position.  We should know soon, but we're prepared for either and both are deliberate and intentional courses of action.  As such, I'll be temporarily adjusting our monthly investments from $5,000 each month to $2,500, until this is resolved!

Our net passive income continues to be negative due to the difference between our rent earned on our rental home and its mortgage.  We are 16 months away from our break-even point on that rental home mortgage (all things staying the same, the value of the house will then equal our principal-- the decline in the housing market has killed us with this!).  

Sources of passive income this month included:

Amazon affiliate income from your Amazon purchases through our site!  Thanks!

USAA credit card leads (Our USAA AMEX card is our primary cash rewards credit card).

Our cash rewards cards generated a total of $201.96 in passive income this month!

We generated a total of $194.57 in interest income from our Prosper and Lending Club P2P lending accounts.

The real value of this month was that much of our future has been clarified-- I now know that certain opportunities that I thought might exist for us won't actually materialize.  Though this seems to be a bad thing, it really isn't, as it provides clarity and will allow us to begin to craft next chapters with more fidelity.  (One thing that I have learned, though, is that unexpected things happen; the key is to bend probability curves your way and see what happens!).

Enjoy your October, friends!  I appreciate your stopping by!

Monday
Sep012014

The LTNE Report -- August 2014

This month's highlights:

I'm waiting dissertation feedback from my committee and I've returned to work full-time.  I'm hoping to get whatever corrections done that come my way, get this thing defended, and be done with the PhD ASAP!

Our net worth is back on the increase, after I took an investment pause last month to give us some breathing room after some higher than normal expenses.  We've beat our goal for 2014 already, but we'll continue to push as much money as we can into our Vanguard funds.  (Note in the chart where we were when we began LTNE!).

We continue to draw down our P2P lending, but Prosper is simply clobbering Lending Club at this point.  I'm still happy with both as investment tools, though!

Once we are transitioned into our post-military career / lifestyle, we will likely make P2P lending a major income stream, as it continues to earn excellent passive income with even our lessening investments there.

We've earned very little income from LTNE and our niche site this month, as you would expect, given the dearth of our posting and our focus on investing and maximizing our active incomes (me through finishing my PhD and working my tail off in general; Jen has been working longer hours in her salaried job, as her staff has dwindled.  She has a pay raise in mind, as well as potentially working toward further increases in responsibility!).  

Our focus for September:

- Work on finishing the PhD

- Figure out Jen's way ahead at her current job

- Manage the kids' return to school and evening sports and activities

- Keep spending low, while investing $5,000 monthly in Vanguard funds

- I'm continuing my fitness efforts after losing 20 pounds (though my triathlon didn't happen due to a nagging injury that I'm trying to get healed!)

- Spend quality time with friends and family

Nobody wants to hear excuses about my not posting, so I won't bother.  I'll return to posting more regularly when I'm ready.  At some point, we'll announce future efforts here at LTNE or with other projects!  I'm still absolutely committed to building things (and potentially income!) online, but I want to do it on my terms and to my standards.  I'm done with silly Google games, I'm not going to hire article writers, I don't intend to be a lesser version of other blogs, etc.  

As always, thanks for stopping by!