Net Worth at Imbolc

Wow, another month of $30k + growth!

Imbolc:

also called (Saint) Brigid’s Day, is a Gaelic traditional festival marking the beginning of spring. It is held on 1 February, or about halfway between the winter solstice and the spring equinox.

Still moving forward on my first rental property by March 1st. I am hoarding up cash to instantly pay back the $34,000 I will need at closing.

I will be adding a sizable dollar amount in the old ‘liabilities’ column with a THIRD mortgage. But it should show a net increase in overall wealth due to an immediate equity buildup of almost 1/2 in the overall worth of the building.

Most Current paycheck transparency, HERE.

10 points if you recognize the film.

Net Worth at Imbolc equals total Assets minus total Liabilities.

Total Assets: $2,476,741 + $ 31,594 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

Primary Residence

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; $382,173 down – $ 1,091 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%

NET WORTH at IMBOLC; $2,094,568.00

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”

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