July 2018 Net Worth Snapshot

Looking at about the halfway point for the year and on pace for another good year. Not as stunning as last year’s $250,000 growth, but that was always probably going to be a financial unicorn.

Extended the credit on my HELOC to $100,000 just in case I see a property I want :). I adjusted the value of my current home up due to a new appraisal. I tend to be very conservative in the valuing of real estate. It is not worth that price until you find someone to buy it at that price.

In 2 days I am going on my big vacation. 2 weeks in a row, up North to the cottage. But it is a working vacation. I have been sniffing around some properties and I need to get serious about an offer while I am up there.

The Accounts Receivable in my asset column has taken a sizable setback. You can read all about my Floundering Business Deal here.

I am to going to FinCon18 this year, tickets are bought. (flight for free!) This will be my first time. I am looking forward to meeting some of you in person.

I will be the handsome, albeit bald, gent wearing a  fashionable T-shirt with this pic;

JULY Net Worth equals total Assets minus total Liabilities.

Don’t forget to check out my Net Worth Year over Year.

Total Assets: $2,149,625 up + $ 16,344 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, 4 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; 5 accounts and a security deposit box

Health Savings Acct., Started in 2015

Total Liabilities; $404,105 down – $ 1,623 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, but still screwed, upset about the PSLF!

HELOC; Current APR 3.49%


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”

5 thoughts on “July 2018 Net Worth Snapshot

  1. enjoy the vacation. i selfishly want to see you as a laundr-o-mat owner just to see what kind of zany fun comes of it. looks like y’all have invested well and it’s smart to have those taxable accounts.

  2. I can’t wait to hear all about FinCon18:) If I am still blogging next year, I will be done with my one year no spend blog challenge and will definitely go.

  3. I noticed you have a TSP and looked at your about page to see if you are military or a federal employee. It’s always great to see there are other feds out there with some financial literacy.

  4. It’s always nice to see the curve rising on the assets and declining on the liabilities. Great job. I am fortunate that I have no liabilities since 2015 which really allows me to funnel into the asset side of things. I have shocked myself when I calculated my savings rate (and actual dollars) that I have been having over the past 3 years. If I can keep up the pace even for a couple more years I think it will be tempting to hang up the stethoscope.

Let's get things nice and sparkling clear