When you finally get to the point where you have Big Piles of money working for you, the monthly increases really take on a life of their own. Making Hay in May may sound cheesy, but it sure does feel good.
We are recovered from our Spring expenses (spring break trip) and have 1 month until our Summer expenses kick in (camps galore + part time nanny).
It is these in-between months we have to rely on to cram the coffers!
Operation Stuff Money into the Stock Portfolio is still chugging along nicely, fairly consistent at $3,000+/month – Dividend Report
May 2019 Net Worth Recap equals total Assets minus total Liabilities.
Total Assets: $2,279,040 + $ 13,677 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; $393,069 down – $ 483.00 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 Hay in MAY 2019 NET WORTH RECAP; $1,885,971
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.