Here we go with the second net worth monthly post. I had mention in the post about putting it all together that I had never tracked or officially calculated our net worth. I started back in April 2017 with the first Net Worth Update #1 and will continue to track and post monthly. May was an exciting month for us as we are buying a new house and it is only 1,100 miles away. This is why I haven’t posted in the last few weeks, I have been tied up with this new house thing. I will be posting about this new adventure and be asking a lot of questions along the way. Now, let’s get to this month’s numbers.
|Total – Retirement||$375,960||Total – Installment||$0|
|Total – Liquid||$21,541||Total – Transacting||$3,198|
|Total – Investments||$235,921||Total – Revolving||$0|
|Total – Physical||$92,800||Total – Physical||$224,900|
|Total Assets||$726,222||Total Debts||$228,098|
|Net Worth Apr ’17||$498,124|
|Change Since Apr||$9,519|
Our monthly change was a gain of $9,519.63 bringing our net worth to $498,124. We have moved extremely close to the half way point to our $1,000,000 goal. Taking a quick look at the numbers most of our increase came from investments, which was a result of a good month for our stocks and dividends. A quick break down of what we are looking here. Net worth = Assets – Liabilities. In short, everything you own minus everything you owe.
Retirement – 401K, 401B, and a Roth IRA account
Liquid – Checking/Savings Accounts
Investment – Stocks
Physical – House and car
Transacting: Credit Card (paid in Full Monthly)
Physical: Mortgage and Truck Payment
Note: I am using Zillow for the estimated value of our home as it is the closest/most realistic value I can get on a monthly basis.
Last month established the baseline for our monthly net worth tracking and this month had some major gains thanks to investments. In fact, about 70% came from investments this month. Our physical debt was paid down by $2,000 this month. Having not tracked this before, I think that this is excellent over the course of a month.
The next 2-3 months are going to be very interesting, as I mentioned we bought a house and are planning a move. There will defiantly be a hit to our assets as we put 20% down on the new house and an increase to our liabilities. Both of these will be short term until we sell our old house.
How are you doing tracking you net worth or other financial goals?