July 2017 Net Worth

June was a flat month for our Net Worth, a little up, a little down, very little change.

Sometimes you have to remind yourself that the turtle beat the hare in the end. Stocks took a hit, but I increased my Platinum Hoard (if 5 ounces can be considered a hoard).

Total Assets: $2,020,695 down – $ 1,026 from last month.

Accounts receivable, This is a business deal from 2014

Boat & Cars, Depreciating assets, but cars new 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; $442,962 down – $1,898 from last month. Right direction, just not much movement.

Mortgage on House; Bought in 2005 Interest 3.75%

Mortgage 2nd Home; Bought in 2012 Interest 3.5%

Student Loan Dead, still Dead!

HELOC; Current APR 3.49%

TOTAL NET WORTH $1,577,733

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.

Always true: ‘Comparison is the Thief of Joy’

7 thoughts on “July 2017 Net Worth

  1. Dude you are still killing it! $1.5 Million is no small sum. I have some flat months but as long as I see the liabilities fading then I am happy. My biggest goal is to get that number down to $0. The assets continue to grow too. I suspect my net worth will top $100k this year (a little embarrassing but still progress).

  2. Lol yes its still dead! Dead!

    Tracking net worth is not easy!!! Not if you’re me with my spouse. I was off by 200-400K doing basic math and he can’t communicate! We use and edit the same spreadsheet w/o checking in…so..you’d think one of us could guess that might become a problem.

Let's get things nice and sparkling clear