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The LTNE Report -- July 2014

Here are the highlights for this month:  

I'm training like crazy right now. I've dropped 20 pounds and 4 inches from my waist as I've decided that I'm going to be more fit than I was as a lieutenant.  Yes, this is nuts, but so far so good.  I pulled a calf muscle (soleus muscle) a couple of weeks ago, so I've had to lay off running, but I've been doubling my time on the bike and in the pool as it heals.  My weekly mileage is hitting new highs and I'm loving my TomTom Multi-Sport GPS watch that I reviewed earlier.  When I get time, I'll do part two of that review, now that I've spent some time with it in the pool.  

I'm on the last chapter of my dissertation.  Once I get feedback from my committee, I'll get the corrections made and prepare for the defense.  Getting this done will be an enormous relief.

Now, on to the financial stuff you're used to seeing!

(Quick note:  make sure you check out last month's report, as it lays out why I've made some of the changes that I have to this monthly report). 

I earned $97.30 in affiliate income this month from the following sources:

Dollar Shave Club


Thanks for hitting our links!

Our P2P investing generated $268.60 in interest income during July, though I am still drawing down our accounts for our transition.

We continue to use rewards credit cards (paid off in full monthly) to generate a small passive income stream.  This month's use generated $90.34 in passive income.  Most of that was on our USAA Cash Rewards American Express, which is our primary card for spending. 

We continue to experience a loss with our rental property, as the rent we collect doesn't cover either or mortgage or our HOA fees.  This is deliberate choice on our part, as our active income can cover the difference and we elected to remortgage the house to a 15-year mortgage, raising our costs, but paying it off much sooner.  Once it is paid off, that will be a nice passive income stream.  

As you can see, the vast majority of our income is still active (87%).  The goal over time is to begin to shift this balance. 

So, despite some nice passive income streams, the loss with the mortgage property still makes us have a net negative passive income.  My goal for this year is to continue to close that gap.

I suspended our mutual fund investments this month to cover some unexpected expenses, but we still managed to continue to get some growth in our net worth.  Our normal Vanguard investments return in force in August!

Traffic to LTNE remains low by our historical standards, but likely reflects the fact of our infrequent posting.  I'll remedy that in the future after we knock down some close targets first!  

The #1 thing that you can do to help out LTNE is to link to it in your own blogs, like us on Facebook, Tweet about us, etc.  Check out what we've written for the last two years and, when you find a useful or interesting post, tell people about it!  In fact, feel free to click one of the social media icons below this post!  Thanks!

I hope that you have a splendid August!

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