I have almost rebounded to where I was before Corona.
Same story as last month pretty much. I have made a few market moves, but mostly I am hunkered down and stacking chips. Just glad me and the missus still have our government jobs. If there is a smart play to make, I am not sure what it is.
The legalization of recreational pot in my state has done much to counteract my stress about the state of the world.
I keep checking on another rental unit purchase, but they are getting snatched up faster than I can schedule a walk through. Fate will Decide.
For now, I have decided to divert some money to renovating the lower unit of my rental property.
Dog Days of Summer Net Worth equals total Assets minus total Liabilities.
LOOK AT THAT ‘V‘!!!
Total Assets: $2,626,329 + $ 51,468 from last month.
Accounts receivable, This is a floundering business deal from 2014
Boat & Cars, Depreciating assets, but sell-able if need be
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; $460,042 down – $1,225 from March.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Mortgage on Rental Property; Bought in 2020 Interest at 4.75% (This is the cause of the bump UP in Debt)
Student Loan Paid off!
HELOC; Current APR 3.49%
Dog Days of Summer NET WORTH; $2,166,287
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.