Category: Dividend Income Updates

Dividend Income Updates

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Credit Card Debt Dividend Income Updates Late Twenties and Broke Net Worth Updates

August 2023 Net Worth Update

late twenties and broke dividends
It's nice to have dividends again

Good Morning Ladies and Gentlemen, this is your host Jonny F, and today is yet another Net Worth Update.

Full disclosure, I have no idea what my net worth is gonna be this time. Let’s do a little flashback of the last update to see where we were at…

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late-twenties-and-broke-net-worth
late-twenties-and-broke-net-worth

Alright, so that’s where I was at last update a few months ago. Let’s see where I’m at now!

PLTR$1,710.00(200 shares). $2,910. This stinker finally swung back some, up $1200 from last update. Holding this stinker 5ever.
KO $1,977.81 (31.31 shares) $1,904.11. (31.55 shares) A little swing down but got 20% of a share for free.
DOW$664.99(11.68 shares).$639.14 (11.84 shares) Same thing, share price went down but got a little DRIP.
VZ $121.78 (3.1 shares). $107.25 (3.21 shares) Drip.
MO$1,269.00 (28.19 shares). $1,282.37 (29.34 shares) One of the only stocks that went up this time. Plus a lil drip.
TM$280.38 (2.04 shares). $340.84 (2.07 shares). Nice little jump to offset the others. And drip of course.
Bitcoin$8,391.6 (0.27 BTC). $7,213.38 (0.274 BTC). A thousand-dollar “loss” and I couldn’t be happier with it.
BNB coin $1,113.03 (3.32 BNB). $733.98 (3.356 BNB). Price dipped about $400, but I got some more from staking, so overall a win.
DOGE$148.07(1601 coins). $102.33(1601 coins) Went down forty bucks. I do not stake this, so no gains there.
Silver Coins&Bars$2,000 (Haven’t purchased any precious metals in Japan)
Employer 401K $22,756.61 $25,456.04 Another 2.5 grand in the bank. Consistency is key.
RRSPs trapped in Canada5,957.87USD 6,673.59 USD. I honestly forgot I had this. It went down a couple updates ago but it’s at its normal price now.
Chequing $1,198.75. $1,082.76
Savings $11,742.00 $10,602.09 $8,428.80 I actually have no idea where this money is going. Note*
Savings Certificate$507.04 $514.31 Another $7 of growth on this rocket.
Total Assets $50,757 $58,699.02 $59,388.90 Not as big of a jump as I was expected, but a lot of my stocks rolled backwards.
Credit Card-7,000.18 -5669.99 $-4,977.16. $4,033.64. I shaved another grand off of this, so that’s good. I fucking hate this balance though and want it gone.
Credit Card #2$0.
Credit Card #3$0.
Total Debt$-4,033.64
August 2023 Total:$45,087 $53,412.39 $55,355.26 A positive change of just under 2 grand in 3 months. That’s a healthy delta in my books.
Solidified my position in the 50K club. I see some challenges in the next 3 months though.

Oh my gosh, took me a a day and a half to finish that math! Hope you read it faster than I wrote it. I did fall asleep for about 8 hours in between.

Last time, my Bitcoin went up and my Palantir went down. This time, my Palantir went up and my Bitcoin went down.

My plan for Bitcoin is to sell it all about a year after the next halving event around April 2024. So I would sell in April 2025.

My plan for Palantir is….I don’t have a good plan. My entry point was just so shitty. My plan was to hold it and just keep selling calls to make my money back, but all the heat left the stock so the “out of the money” calls are usually listed at $0. So I’ve been holding a loser, not getting any growth or dividends, and I haven’t been selling calls. Just 3 grand (what used to be 6 grand) sitting there not doing anything. It’s about 5% of my net worth, which is a good problem to have. I am very thankful that I have a “burden” of 3 grand that isn’t producing.

I just looked at the long term OTM calls for PLTR (I have 200 shares, so I’ve been boomeranging 2 calls about a year apart) and listed one for June 2025 at a $35 strike for $161.

What could I buy with that 161? Felt like looking at Motley Fool for some recommendations.

With that $161 I can buy:
5 shares of Boston Omaha (BOC) @ $16.56
5 shares of Refin (RDFN) @ $8.95
5 shares of Editas Medicine(EDIT) @ $8.77

Usually I just go to the big homie Dividend Pig and buy the same shit he bought earlier in the month. But he hasn’t posted since December 2022? I’m a little concerned. Usually that means a blogger is going through some personal shit. So, good luck and godspeed OG PIG. Hope you come out on the other side alright homie.

I will probably just use that money to increase my position on whatever dividend stock I have that is down the most lolol.

That’s enough about BTC and PLTR. Let’s talk about debt! I paid my credit card down another grand to the -$4,000 mark. Part of that was offsetting all my automatic and reoccurring purchases to other credit cards, and then having them autopay. Things like phone bills, amazon purchases, kindle purchases, etc.

After some digging, I found 2 things that are still being charged to my main credit card. Amazon Japan (purchases & prime) and Spotify.

I just switched my AmazonJP over to my other card. Spotify is a flat $9.99 fee, which is good to show a little activity on the card. I still have my two $500 monthly transfers set up (1st and 15th of the month), so if we just follow basic math…over the next 3 months that credit card balance should be dropping from 4K to 1K. That would be amazing.

Anyways guys, net worth is at an ATH of 55 grand, so I’m on the right track.

Thanks for stopping by,
–Jonny F











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Credit Card Debt Dividend Income Updates Late Twenties and Broke Net Worth Updates

I sold my car and moved to Japan – Net Worth Update April 2022

Well, it’s been a long process preparing for my move to Japan. I put a lot of stuff in storage, shipped some stuff to Japan, and packed and unpacked my bags quite a few times.

(do I really need this tshirt? how much do these bags weigh??)

But I did it. I made it to all the different hotels, and airports, and terminals, and covid tests. And I did all the paperwork. I mean, there’s still more on my desk to do and more when I go to work in a couple days, but I’ve done everything required for right now.

This post won’t be very polished or concise, I just want to dump all my thoughts right now to keep the habit of blogging. This is my third or fourth website venture, and I’d like one that actually sticks around for once.

Luckily I did my taxes as soon as possible this year, so that is done and something I don’t have to worry about for another year. However, 2022’s taxes will be the first time that I (or many Americans) will pay capital gains on selling their personal vehicle! How crazy is that? For a decade I’ve read in books and articles and heard in podcasts, ad nauseum, that the car you drive is a depreciating liability and not an asset. It takes money out of your pockets. Mr.Money Mustache has beat stables of horses to death on that point.

I bought my car for $8,000 USD back in 2017, and at the start of the umbrella corp disease, it was realistically worth $4,000 to $6,000. However, due to the chip shortage and massive money printing and stimulus cheques and inflation, the US car market went insane. Luckily I had the car for about 4 years, so I will be only be paying long term capital gains and only on the profit. But I ended up selling my (realistically $6,000) car to CarMax for the ridiculous price of $12,500. That’s right, by ripping that car all around California and Nevada putting 30,000 miles on it and that West Coast sunshine abusing the paint and clearcoat, somehow, I added value.

I can’t stop using the word ridiculous to describe the situation. Please, do yourself a favour and don’t buy a car in this market. Don’t buy my sun-damaged car from CarMax.

Now that I’ve detailed my surprising cash windfall from CarMax, let’s get into my Net Worth Update for April 2022 from my new HQ in Japan. I’ll lead with my Oct 2021 numbers for reference.


Oct 2021:

PLTR$5,068 (200 shares)
KO$1,668 (30 shares)
DOW$336 (6 shares)
Personal Automobile$8,000
Silver Coins&Bars$1,200
Employer 401K$5,000
RRSPs trapped in Canada$8,450 CAD ($6,837 USD)
Chequing$210
Savings$5,745
Total Assets$34,064
Credit Card-$4,187.45
October 2021 Total:$29,876.55


April 2022:

PLTR$5,068 (200 shares) (share price plummeted again, market value is $2,760 as of today)
KO$1,668 (30 shares) $1,895.55 (Also received 0.22 shares as DRIP.)
DOW$336 (6 shares) $394.47 (also received .14 shares as DRIP)
VZ$52.04 (1 share)
TM$360 (2 shares)
Bitcoin$1792.98
BNB coin$956.67
Personal Automobile$8,000. (I don’t have it anymore!)
Silver Coins&Bars$2,000 (I added $800 to my collection)
Employer 401K$15,000 (I actually checked the balance, I was way off last update!)
RRSPs trapped in Canada$8,450 CAD ($6,837 USD)
Chequing$1,346.61
Savings$16,838.50 (sold my car, parked the cash in savings for now)
Savings Certificate$500.53 (new)
Total Assets$50,734.35 (first time ever over 50K!!!)
Credit Card-$6,374.19 ($2,186.74 worse)
April 2022 Total:$29,876.55 $44,360.16
Net worth: ALMOST $50,000 USD. Almost.

So a lot of changes! My PLTR continued to tank, but I added some more dividend stocks like VZ and TM. I also received some DRIP from my initial purchase of Coke and Dow.

Another thing I added was dividend-like crypto, earning 4.5% on my BTC and 8% on my BNB from various exchanges. The math on that is only about $15 so not really worth noting, but the idea is there.

But obviously the big-big numbers were selling my car, and getting a real update on my 401K. I will realistically buy a car when I return to the USA eventually, so I don’t want to put that lump sum anywhere risky. But at the same time, the ROI in the various savings products my bank offers is a joke (0.5% while inflation in the USA is like 3-10%). So that will be on the backburner while I consider my options. If anyone has any ideas for it, go ahead and send me an email! Or reach out on twitch.

While I’m living in Japan, I won’t be buying any precious metals. So my fun investing will just be dividend stocks and crypto. It also lets me focus on paying down my dang credit card!! How it got back up to $6,000 range is so annoying. I hope as I do these updates it will get knocked down lower and lower until I’m debt free. That 50K mark will be a lot sweeter when I have zero debt.

Keep your stick on the ice,
-Jonny F