Starting Off The New Year Right!
We went up over $30,000 this month.
Part of that was a continuing great market, but I also decided to pay off a bunch of debt over the last month or two.
You guys with all of your debt hate have rubbed off on me and I decided to stop carrying around debt, even at low rates.
I have killed over $100,000 worth of debt in the last 9 months. By next month, I will be down to Only Mortgage Debt in the ‘Liabilities’ Column.
I am also pleased to have found a new subreddit for dividend investors/bloggers.
Check out my current track record of Net Worth Growth since 2007.
Total Assets: $2,107,801 up + $ 13,444 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
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; $412,335 down – $16,941 from last month.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Student Loan ZERO Balance, in the rear view mirror!
HELOC; Current APR 3.49%
TOTAL NET WORTH $1,695,466
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.