August 2017 Net Worth

July was a full speed ahead month, all numbers moving in the right direction thanks to a record breaking stock exchange.

After a successful vacation and paying all the summer property taxes, it should be fairly smooth sailing until the end of the year.

Total Assets: $2,039,394 up + $ 18,699 from last month.

Accounts receivable, This is a business deal from 2014

Boat & Cars, Depreciating assets, but cars newish in 2015

Real Estate 2nd home/vacation rental

Primary Residence

Retirement accounts; 2 people, 2 jobs each, 5 accounts total

Brokerage accounts; 2 taxable stock accounts

College Funds; Prepaid tuition and 529 accounts or 2 kids

Bonds; ‘I bonds’ bought through Treasury Direct

Cash & Metals; 6 accounts and a security deposit box

Health Savings Acct., Just started in 2015

Total Liabilities; $441,857 down – $1,105 from last month.

Mortgage on House; Bought in 2005 Interest 3.75%

Mortgage 2nd Home; Bought in 2012 Interest 3.5%

Student Loan Starting to realize this is finally over.

HELOC; Current APR 3.49%

TOTAL NET WORTH $1,597,537

Tracking your own net worth is perhaps the second most important thing you can do to improve your financial picture. Budgeting your expenses to see where the money goes is probably still number one.

Budgeting is like paying attention to ball game while tracking net worth is like paying attention to the baseball season.

Months can goes up or down, you need a longer picture to evaluate your progress. You are either bringing in more money than you’re spending or you are losing money each month. Tracking Net Worth is easy, useful, and addictive.

Don’t Forget; “Comparison is the Thief of Joy”

8 thoughts on “August 2017 Net Worth

    • My FI would be about 1.75 in investments, I am a little over halfway there. I am not in a hurry to pay off the house b/c I will sell it in retirement and live at the cottage. Biggest thing holding off everything is having 7 and 11 year old kids still in the house.

  1. Your presentation of your net worth is very attractive. Did you design this or are you using a third party such as Personal Capital?

    • Over 50k of that is in fixed accounts that are at 3.5%. I started them before rates went down and since I can’t get returns like that nowadays(at least in cash) I leave them alone. Also, I have been wanting to buy a rental property for 3 years now, cash is waiting in the wings for a down payment.

  2. Wow $83.6K in cash? 😛 That’s very conservative =) That said, congrats on your net worth! $1.598MM is fantastic!!

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