We Spent over $15k in November. Happy Inflation Holidays?
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So are we still trying to ignore Inflation? Or did we come to terms with how expensive it’s going to be.
Barbados finally kicked out the British monarchy and the Omicron strain is destroying stock market wins for QTR4.
At this point, what’s next?
Inflation is running circles around us, prompting the commander-in-chief to do a full reversal on his promises.
What would have been unconscionable in early 2020, escalated to a travel ban on over eight African countries over pandemic fears. And it didn’t even originate in Africa.
How about we just stop traveling already!
Full luxury and leisure travel ban for 6 months. All of this while the world struggles with labor and supply chain shortages.
Translation, it’s going to get harder before it gets new normal.
Thanksgiving and Disney In November!
As for the TNFG household, November was a travel and splurge month. We clocked in almost $10,000 in expenses like it was easy.
Nope, the math isn’t wrong. The remaining $5k won’t crush us until the first week of December.
Carte Blanche living at Disney for our anniversary and Thanksgiving in Orlando. Thankfully, my sister-in-law works for the hotel chain so we got a discounted penthouse suit for two-days at half rate.
Total travel costs for November hit $3,161. It’s officially an inflated problem. All prices are up from flights, hotels, restaurants and tips.
On top of all of it, we bought an indoor bike but it’s not a Peloton $PTON. That sucker clocked in at around $1,500. And I got a new iPhone 12 Max.
And I almost forgot the $8k on the new AC unit in the rental.
We were throwing money out the window in November. The only solution at this rate is to shift cash flow quadrants and invest as soon as possible.
Just in case you are new to TNFG?
If you are new, this article is part of the Net Worth series. In this post, I’ll showcase the TNFG monthly Net Worth Breakdown for November 2021.
We are extremely transparent so we share the Highs and the Lows. Additionally, we drop financial gems in hopes that you can model and take action.
Too often on social media, people portray their valuation on being wealthy, I favor you just being happy with your time. You can either invest to save you taxes and increase your wealth or you can drop as little as $100 per week for 40 years in $VTI and retire with as much as $1.8 Million. The choice is yours.
Not doing anything is way more expensive.
Compounding Growth Meets Compounding Inflation in November
Groceries were up and no one blinked, but when Gas went Up? Pandemonium!
TNFG Wealth as of November 30, 2021 UPDATE
*Very odd 401k glitch so it’s harder to see the investment climb and then super fall.
Over $660k of Net Worth Growth since November 2016
Sometimes it’s better to look at this data over the long term during low performing month. It’s an opportunity to reflect on how far we’ve come. When I met my wife, I had less than $150 in my checking account. I know have $185.
Funny but true story.
This why I recommend the Net/Max Financial plan since it incorporates Debt Pay Off + Investing by QTR. Year to date, we paid down over $87,950 in credit card expenses and invested $75,623. It’s the best of both worlds while reducing our tax liability.
Here’s the Quick Summary:
What Happens Next!
We are all hoping for the Santa Claus rally if the Omicron strain doesn’t derail reopening in 2022. Out the gate, investment were reaching record highs and then we took a serious tumble. I guess we can call it a win? +1.63%.
A cash value add of $10,000. I guess I can’t be too made since we are on trend to hit our +$200k net worth increase goal for FY2021.
Although, very rocky in 2021, the net max financial plan is holding firm.
What did Our November Expenses Look like?
Our travel costs lead the way.
Disney is fun albeit expensive, just bring walking tennis shoes and game plan. We waited 2 hours for the Pandora ride, it wasn’t worth it.
Our Food and Dining costs stabilized at around $600. Here’s hoping that’s the new normal or I’m going vegan.
Might need to grow my own avocados on the balcony (during winter).
Rental Nightmares Continue
AC system needed to be replaced for a nice $8,000 tab but here’s hoping it will last another 30 years. We still need to work on the garage to close our rental repairs.
Unfortunately, we need to do at least $10,000 worth of repairs in the primary in 2022.
New Phone Who Dis
At this point, we are just throwing money away. The net/max plan is still holding up and helping us reach our goals. But notice the Fees & Charges, it’s negative that means credit cards are paying us instead.
Our YTD investments for the last 10 months at $80k while our YTD total debt repayments were $100k.
What is the Next Step for Us?
Beyond that here’s our overarching goals for 2021:
- Shifting investments money goals to experience goals in 2022. “Once you put in the work, then it’s time to enjoy some much needed down time“
- Get to $50,000 in M1 Finance focusing on Growth and Dividend Income that generates at least $2,500 in passive income in 2022. Check out the portfolio in real time. If you like the platform and want to start investing, I have the $30 for $30 referral if you need it (Limited Time) – https://m1.finance/SYdqDJ2SyADC.
- Shooting for a sustained investment rate with the push for $1 Million net worth in 2 Years. To help monitor your savings, cash flow, net worth, investments, retirement and more FREE with Personal Capital! Sign up with my link & get $20 Amazon gift card. *Terms apply. https://pcap.rocks/lawrencegonz
- Work on the Financial Griot Podcast content with my co-hosts to enrich the lives of our listeners. The wealth building community is growing.
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