Net Worth #7 – Oct ’17

October:

Once again, I am late with this month’s Net Worth Update. It has been another busy month, but a lot of good news came in October. As I mentioned last month we had accepted an offer on the house. I have to say without to much hassle the house has closed and we are back to 1 mortgage. This is reflected in this month’s numbers. I will be writing a post about the entire process, costs, and fees this month.

October was definitely a positive month on all fronts. I had mentioned 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. October provided a huge jump in our net worth, which was driven

September 2017: Net Worth Update #6

Talk about a lag of posts in September, apologizes, but it has been a hectic month. In fact, so hectic that this Net Worth update is over a week late. The biggest news from September is we accepted an offer on our house (yahoo). The sale is planned to complete towards the end of October. What’s that mean and what have I been doing? Glad you asked. The majority of my time has been spent fixing a handful of small issues that came from the inspection. The rest has been scheduling and dealing with other required inspections (fire, termite, etc). Hopefully nothing happens over the next few weeks and we can be back down to one mortgage, Yes (fist pump)!!

September 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.

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 Update #4 – July ’17

Here we are again, another month, another Net worth update. July was a really good month for us. We saw some nice increases pretty much across the board, but did have some additional expense with the new house. Our old house is on the market and hopefully it won’t take long for a buyer.

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. As I mentioned, July saw a good jump net worth based on a strong month with investments, a bonus at work, and selling a couple of big ticket items for the move. I will go into the numbers in more detail below. Now, let’s get to this month’s numbers.

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 Update #2 – May ’17

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.

Net Worth Report #1- Baseline

This is my first 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. Well here it is Net Worth Update #1.

Net worth progress:

Total – Retirement $368,906 Total – Installment $0
Total – Liquid $24,928 Total – Transacting $3,973
Total – Investments $232,957 Total – Revolving $0
Total – Physical $92,002 Total – Physical $226,215
Total Assets $718,793 Total Debts $230,188
Net Worth Apr ’17 $488,604
      Monthly Change Start Date
      Change Since Apr $0

There we have it, a net worth of $488,604, almost half way to our goal of $1,000,000. I am excited to continue

Putting it all together

I have been tracking our monthly bills and expenses since 2008, but it wasn’t until just a few years ago that I really took a hard look at our finances. We had debit like the majority of people do.  There was a mortgage ($1800), car payment ($315), truck payment ($450), undergraduate loan ($220), and a graduate loan ($270). This was over $3,000 a month is debt alone. If you add on top the monthly bills of cable, electric, cell phones, daycare, trash pickup, water, and insurances and so on you get another $1,400-$1,700 a month in bills. We still have to account for food, gas, beer, eating out and misc spending, yet another $1,400 a month. A total of $5,800+ a month!!! Wow! And I thought we were doing well. I was paying the credit cards monthly, was saving (401K), I was living the dream, just like everyone else. I was doing exactly what the world was telling us to do.