Our second month of stats, March Net Worth 2017.
Total Assets: $1,966,581 up + $22,966 from last month
Accounts receivable, This is a business deal from 2014
Boat & Cars, Depreciating assets, but cars new in 2015
Real Estate Old House + 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
I found an accounting error in my error in one of my 401ks (it had not been automatically updating) so it jumped over $5k!
Total Liabilities;$533,740 down – $1,486 from last month
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Student Loans; Law school sucks
HELOC; Current APR 3.49%
TOTAL MARCH NET WORTH $1,432,841
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.