June was a mostly quiet month at home in Virginia. At the beginning of the month, we celebrated our two year wedding anniversary and twelve years since we started dating (we got married on our 10 year dating anniversary to keep the date the same). It’s hard to believe that much time has passed! We also celebrated my first Father’s Day, plus went to our nearby lake to celebrate my own dad and out to eat to celebrate my step dad.
We went hiking a few times but not as much as we’d like to because it was really hot most of the month. Whitney and I can tolerate hiking in the heat (though it’s not our favorite), but Aria seems to get irritated pretty quickly and even more so when she’s in the chest carrier and I’m sweating on her. We did make it to the pool a couple of times so Aria got to splash around and cool off on the especially hot days.
Aria is doing really well sleeping through the night consistently now. Most nights she’s sleeping at least 10 hours but sometimes up to 12 hours if she’s really tired. That’s meant that Whitney and I are getting much more sleep as well, which has been wonderful. Near the end of the month she started going into quadruped (hands and knees) so it probably won’t be long now until she starts crawling.
We’ve still been loosely house hunting each month. We’re fine staying where we are for as long as we need to, but if the perfect “forever home” pops up, then we have money saved and set aside to jump on it. The housing market in our area is still pretty competitive but has been shifting toward a buyers’ market recently with more houses on the market and sitting longer. While our townhouse has been wonderful for the past five years and allowed us to keep our expenses very low, we’re ready to upgrade to a bigger place with more privacy and in a better school district whenever the opportunity arises. We’ve made one offer so far on a place that was pretty perfect (but at the top end of our price range) and we got out bid. But that’s okay, we’re not worried about it and are comfortable continuing to wait for the right house.
Income
Income from our business (FifthWheelPT and Travel Therapy Mentor) for June was about 40% lower than in May. That was less than expected but not too far out of the norm. Our income can fluctuate quite a bit from month to month depending on a variety of factors. Now that the first half of the year is over, we’re very close to right on track with earnings from 2024, which was our highest earning year of all time. Usually the second half of the year is higher earning than the first half, so it’s possible we break the 2024 high with a little luck.
Expenses
My expenses were very low in June. Outside of the minimal fixed monthly expenses, I didn’t have any big expenditures to speak of. Running our own business and working part time from home means that Whitney and I don’t have any childcare costs to contend with either. That’s a big continual monthly savings.
In total, my savings rate for the month was around 75% when all was said and done.
Investments
The S&P 500 was up by 4.96% in June. That’s a new all time high and now 30% above the tariff fear fueled lows in April. This is another good example of how trying to time the market rarely works out. By the time most people started to panic, the market had already priced in the fear and was bottoming. I’m sure a lot of people panic sold the lows and are now in a very bad position with the market back at the highs just 2.5 months later. Governments around the world continue to run large deficits which devalue the denominator and make it hard for assets to durably decline in price in nominal terms. The markets also continue to anticipate a quick shift in monetary policy to support assets in the event of a real out of control drop. So while equities as a whole are certainly overvalued and in a bubble, the bubble can keep growing for much longer than most people anticipate, just like during the dot com bubble.
Bitcoin was up by about 2.4% in June. While Bitcoin didn’t break the May all time high of $112,000, it did put in a new all time high monthly close which is significant. I remain extremely optimistic about the Bitcoin price action throughout the next 6 months or so. There is a lot of demand continuously coming into the market, and none of the on chain or price indicators are currently anywhere near previous peak levels. Bitcoin hitting $140k-$170k by the end of the year is a very realistic possibility. I’m always watching for opportunities to take profit when things look overheated, but for now, I continue to hold the largest Bitcoin allocation I’ve ever had and am enjoying the ride.
Financial Independence Progress
My net assets increased by 2.9% in June and are at another new all time high! There’s no doubt that I could increase my spending by a lot and still be in great shape. My spending has gradually increased over the years but not nearly to the degree that my net worth has grown. Once we do buy a much more expensive house and upgrade our cars, that will put my spending closer to in line with my income, but even so, I still anticipate my net worth growing quickly. That’s especially true if I’m right about what the next 10 years will look like for Bitcoin.
My assets are now equal to approximately 140.3 times my average annual expenses!
Next Month
In July we’re going to embark on our longest trip yet with Aria. We’re flying to Wisconsin for 10 days to visit friends. I’d really prefer to avoid flying these days (between airline issues and delays, plus everything we have to pack when traveling with a baby now), but an 18 hour drive each way just seemed like a little too much with a baby. Hopefully everything goes smoothly!
How was June for you financially? Let me know in the comments!
Fifth Wheel Physical Therapist 