This month has definitely been a pretty crazy one for me. Early this month I finished my real estate classes (finally.) It was a 6 week program and it was roughly 18 hours per week. While it was interesting and I learned a great deal, on top of my normal 40 hour work week needless to say I’m glad that it’s over. The licensing was expensive so I had much higher than normal expenses this month. Other than that the weather is finally looking up and I had a great Memorial Day weekend. From swimming, to partying, to going out on the lake and finally relaxing it was a much needed extended weekend with the girlfriend. 2016 Goals.
Increase Dividends to $1,200 per year (84% YTD Goal)
In May I received $45.60 from dividends. This brings the total amount of dividends I’ve received in 2016 to $173.13. I invested $1,280 into my dividend portfolio and reinvested the $45.60 I received from dividends. That is going to make me another $50.48 per year bringing the total to $1,010.47. I’ve finally reached the $1,000 per year mark and I’m pretty stoked about that! Here’s my Dividend Portfolio if you’re curious.
Increase Net Worth by 50% (22% Increase YTD Currently)
In May, if my stocks weren’t doing so well my net worth gain would actually be behind what it should be to meet my 50% goal. This is mainly due to getting my real estate license and paying all the fees associated with that. But either way, my net worth has increased 22% so far this year! I should be right on track to reach my goal of a 50% increase for the year. These large gains are mostly due to getting my new job last year and having the ability to save much more money. My net worth is heavily weighted on the stock market so this number is constantly changing from day to day.
Make $10,000 From Real Estate (0%)
As I just got my real estate license this month I decided I would make a goal for myself. Real estate is completely commission based for me and as much as I would love to say I sold a house already that would be a lie. But on the plus side I did show my first house yesterday and I’m having fun with it so far.
Max out Roth IRA for 2016 (100%)
At the end of May, I’m just over a 10% return YTD. I maxed out my Roth IRA early this year when the market was down. I’m really pleased with how well my Roth has done this year.
Save Another $15,000 in My Bank Account (30% YTD Goal)
I’ve saved about $4,500 so far this year. My real estate expenses hit this goal hard this month. I had to take quite a bit of money out of the bank to pay for my license and other dues. I’m definitely pretty far behind on this goal for the year. I’m going to need to make some money from real estate if this goal is going to be achieved.
I get paid bi-weekly from my day-job and it worked out that we got paid three times in May so that was nice. I ended up making $2,832 in May.
I received $45.60 in dividends in May.
This one is a definite work in progress. I made $0.00 from real estate in May.
No side jobs for me this month. I made $0.00 in misc. income in May.
My expenses for May were about $2,000. I will get more detailed into expenses in the months to come.
For May I managed to save $877.60. Not bad considering the real estate expenses.
May turned out to be a pretty good month for me. I’m right on track for all my 2016 goals besides saving an extra $15,000 in my bank account and I still think I may be able to swing that one. With the increase in the stock market this month my net worth managed to increase as well even though I was faced with large expenses this month. I expect bigger things to come in June!