One of the main reasons that I started this blog was to hold myself accountable, since I truly believe that Accountability Leads to Success when dealing with personal finance and me.. Oh so you want to question my belief? Check out my FIRST post from August 2008 it is right there in the first sentence of published work on this blog! I did this pretty often when I was working off my credit card debt, but I stopped once that was finished. So if I believe accountability is necessary, why don’t I have my numbers out there for everyone? I have no real excuse so here we go!
Before I get into giving out the numbers, I don’t plan on putting everything out there, and the reason is pretty simple. I am pretty sure that I will slip up and this site will eventually become known to my friends and family, and I am just way too private when it comes to money issues for everything to be out there. So what do I want to share? Those topics which I have covered on my blog already.
My Debt Items
In addition to my house I have a few other debt items. I don’t highlight the house, because it is secondary right now as compared to following debts:
- Currently, I have my Auto Loan that I am in the midst of refinancing. That is at $11,352, currently at 8.9% but this should get lowered within the next week or so.
- One Law School Loan at $57,648.44 at 4.5%
- Another Law School Loan at $7,527.60 at 5%
My Multiple Income Streams and Qualified Investments
My Prosper Account
I have previously provided really detailed information about my Prosper.com Account a few weeks ago. Since is just an update I’ll give the hard facts:
- 28 Active Notes Worth $633.78
- $28.37 in Cash (will be reinvested in the next day or two)
- $70.14 in Gain (at least according to Prosper)
- 3 Charge offs, 1 Late and 8 paid in Full
- Average Yield at acquisition 11.30%
I will continue to reinvest the payments and put $25/month into the account. This leads to about 1.5 loans per month.
My Perpetual Income Machine
I researched dividend paying stocks to create an eventual perpetual income machine. The account is tiny, and will just be a slow growth sort of thing until my cash reserves are where I want them, I am talking about $100 or so a month – so really slow.
- SDY SPDR S&P DIVIDEND ETF $20.31 14.7 %
- LLY LILLY(ELI) & CO $20.30 14.7 %
- CB CHUBB CORP $20.06 14.5 %
- SWK STANLEY WORKS THE $20.01 14.5 %
- CTL CENTURYTEL INC $19.14 13.8 %
The numbers don’t add up to 100 because there is also a cash position receiving weekly contributions to invest next month (I am using Sharebuilder to minimize trading costs). After all my research I really liked those 4 stocks and I figured why not pick up the ETF this way I have some exposure to everything else.
I have talked about re-allocating my 401(k) after analyzing the positions. But, I never provided the actual hard numbers. As of today the account has about $11,500 in it. I will continue to allow that to grow with bi-monthly contributions from myself and generous employer.
My Cash Account
I am not comfortable providing my cash account details, but lets say I am at about 32% of what I’d like in a liquid account. So as I make inroads on this as the months pass by I will use the % of my end number. So Right now I am at
- 32% of my Future Goal of Liquid Dollars
Am I missing anything that you would want to know? Do you care when Bloggers put everything out there?