Be Water

I apologize for borrowing the Bruce Lee mantra but one needs to be flexible in this life. Think how water forms to whatever it’s flowing over. I’m about to get a glimpse of how flexible I am with these changing situations. I have quit my job which will cut off a huge income stream, at least for a bit. I will focus the next month on studying for my last actuarial exam and will devote time to podcasting, blogging, and book promotion. We’ll see how fragile/robust/antifragile my current situation is. One thing I know for sure is that my cash supply will be even more important in this time, and I need to monitor it.

The below graph is what I consider my liquid assets. That consists cash, bitcoin, gold, and my brokerage account. This could be contrasted with assets that are either locked up in retirement funds, that would require a penalty to get access to, or equity in property. I do still want to pay off the remaining, roughly $7,400, on the Michigan properties by December. After those are paid off I’ll continue receiving about $2,300 in rents and will just have the operating fees to deduct with no debt service. Additionally my house hack has my expenses fairly low, about $1,500/month.

I’m definitely going to have to work again and will need to find other income streams. I also will be without health coverage in about a month, which does have me a bit antsy. I can’t afford to let my health get away from me now.

Did I say that I’m officially engaged?! Who would have thought…

Now let’s get to the financial picture.

10-day BS Refresh

I may have only gotten about $50 in sales this month on my books, all from 15 Weeks to Pass an Actuarial Exam, but I had about 15 purchasers, including the free e-books. If I can just get 15-20 new purchasers/readers per month that could really start to snowball!

Analysis Intelligence

The Opening NW in the 10/20/2020 column is the closing NW from the 10/10/2020 column. The green numbers represent estimated changes to my net worth in those categories (green numbers in 10/20 column are the changes that I estimated on 10/10). The white “Gain from” rows show how the actual numbers turned out compared to my original estimates, ten days prior.

My Bay City, MI house dropped about 7k on Zillow, partially offset by my NC house appreciating, driving that negative $4743 in the gain from property app/dep row. It’s a tad worrying but may be a sign there are some good deals around the corner. I will reach out to some of my Bay City realtor contacts to see if they’re seeing dips.

Crystal Ball

It’s been awhile since I’ve seen my cash dip but I know what it feels like and I thought for a long time about quitting my job even though I didn’t have another lined up. I will force myself to be ultra focused. Otherwise this decision would not only appear foolish, it actually would be foolish.

Ideas for increasing NW

  • Start analyzing how affiliate programs really work.
  • Didn’t reach out to 20 universities about my book, 15 Weeks to Pass an Actuarial Exam, the past ten days but did spread the word to multiple actuarial groups. I’m also scheduled to give a presentation to the incoming actuarial students at UNC-Charlotte mid-November.
  • Al and I are getting closer at uploading our podcast, The Brothers on Books Podcast:


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