Net Worth Update #3 – June ’17


Wow, time is flying. Sorry for the late net worth monthly post. We have been so focused on moving and getting the new house up and going I have had no time to post. The next week will be hectic, but hopefully after that things will be back to normal and I can get back to a regular posting schedule.

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. June saw a major drop in net worth due to purchasing the new house, but not nearly as much as I thought. I will go into the numbers in more detail below.  The drop isn’t a concern as it will jump back up as soon as our old house sells. Now, let’s get to this month’s numbers.

Net worth progress:

Total – Retirement $387,602 Total – Installment $0
Total – Liquid $12,865 Total – Transacting $2,172
Total – Investments $199,908 Total – Revolving $0
Total – Physical $175,600 Total – Physical $467,166
Total Assets $775,976 Total Debts $469,338
Net Worth Apr ’17 $306,638
Monthly Change $191,485
Change Since Apr $181,966

Our monthly change was a drop of $191,485 bringing our net worth down to $306,638. This is a short term drop and should be gained back within 2 months when we sell the old house. At that point, we should cross over the half way point to our $1,000,000 goal. I will go into more details about this month’s number below, but first a quick break down of what we are looking here. Net worth = AssetsLiabilities. 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

Liabilities (Debt):

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.

The new house is obviously a major hit to the net worth, but we had a couple of positives this month as well. The first is our retirement account grew by $11,642 in the month of June, this follows a ~$10,000 gain the previous month. Based on these 2 months, I am hoping this will continue in the future and the retirement account will really start to speed up and grow quickly.

The other positive is that we put $60,000 down on the new house, which came from both investments and liquid assets. How is this positive you ask, well when you take a look at this month’s investments and liquids assets totals, they are only off from last month’s amount by about $45,000. This means we managed to replace $15,000 of the money used as a down payment in the same month we used it. Part of this was our normal savings, part was dividend payments, part was investment gains, and about $6,000 was from restricted stock that invested in the month of June. Awesome month!

July looks to be a great month, hopefully we see similar gains to those in June. We may even have an offer on the old house to report on.

How are you doing tracking you net worth or other financial goals?

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