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Net Worth Update #5 – Aug ’17

Where did the summer go? August proved to be another great month. 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. August saw another good increase in our net worth, which was driven by a good month for investments. I will go into the numbers in more detail below.  I am still hoping we can sell our house over the next 4 weeks and be back to 1 mortgage and set of monthly housing bills. Now, let’s get to this month’s numbers.

Net worth progress:

Total – Retirement $421,928 Total – Installment $0
Total – Liquid $23,334 Total – Transacting $4,028
Total – Investments $206,422 Total – Revolving $0
Total – Physical $178,600 Total – Physical $464,075
Total Assets $830,285 Total Debts $468,103
Net Worth Aug ’17 $362,181
Monthly Change $13,474
Change Since Apr $126,423

 

Our monthly change was an increase of $13,474 bringing our net worth up to $362,181. Extremely happy with the jump this month as I didn’t think it would be this much with the 2 houses. I am still tracking to cross over the half way point to our $1,000,000 goal once our house sells. 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.

Assets:

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 month of August saw the majority of the gains come from our retirement accounts and minimal gains coming from increases in our houses and cars from an asset stand point. This also marks the third straight month of $10,000 plus increases in our retirement accounts. If these kind of gains continue we should really be able to maintain our goals, especially since we are down to 1 income.

There is no doubt going down to 1 income and double bills for both houses we are going to start directly impact positive gains in the near future.  Hopefully not too much, but we will see how September ends up.

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

2 Comments

  1. I’m doing alright. I just broke the $100k mark at 25 years old, so I’m pleased with my progress but can always be doing better!

    Thanks for sharing your progress.

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