Times sure flies in good markets! Here is our Yuletide snapshot.
Later this week, I think I am going to make an offer on my first Rental properties, fingers crossed! This has always been a dream of mind and after 7 years of ‘not pulling the trigger’, I feel like I am finally ready.
I will also be in Jamaica for the Holidays, so December might be a light posting month.
Deck The Halls Net Worth Recap equals total Assets minus total Liabilities.
Total Assets: $2,405,501 + $ 9,284 from last month.
Accounts receivable, This is a floundering business deal from 2014
Boat & Cars, Depreciating assets, but sell-able if need be
Real Estate 2nd home/vacation rental
Retirement accounts; 2 people, 4 accounts total
Brokerage account; Dividend Portfolio
College Funds; Prepaid tuition and 529 accounts or 2 kids
Bonds; ‘I bonds’ bought through Treasury Direct
Cash & Metals; 4 accounts and a security deposit box
Health Savings Account, Started in 2015
Total Liabilities; $383,759 down – $ 980 from last month.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Student Loan Paid off!
HELOC; Current APR 3.49%
TOTAL Deck The Halls NET WORTH; $2,021,742.00
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.