Well, They don’t all look like this, but Jumping July Net Worth is up over 59,000!
A combination of ‘up stock markets’ and aggressive saving led us to a real humdinger of a month. This hearty boost has us on track to increase total net worth by over six figures at the end of the fiscal year (Oct).
The family is about to start a two week summer vacation so the post output is on autopilot. I have finally eaten through my stash of piled up posts and now have to think of fresh ones.
In all honesty, I might take this blog down to 2-3 posts per month for awhile. I am just feeling like our niche is over saturated with bland blogs from people who think this is all just a side hustle. I feel like I might wait for the storm to blow over and see who is left when the dust settles. More on that later.
Anyway, MADE A BUNCH OF MONEY!
Wife got a promotion and a pay raise updates HERE.
Operation Stuff Money into the Stock Portfolio suffered its lowest contribution month to date at under $3,000 (not counting reinvested dividends) – Dividend Report, I will pick it back up next month.
Jumping July Net Worth Recap equals total Assets minus total Liabilities.
Total Assets: $2,321,930 + 59,221 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; $389,756 down – $ 1,039.00 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 Jumping July 2019 NET WORTH; $1,932,174
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”
Jumpin’ Jehoshaphat! (and just plain Jehoshaphat!) originated in the United States during the 19th-century craze for “minced oaths,” pseudo-swearwords that replaced profane or blasphemous words with inoffensive ones.