Net Worth has really come ROARING Back since the end of last year.
By the looks of things, we have made up for the dip last year and are back to new heights!
I also started a new repeating segment on this blog. Every month I will recap my dividends gains and market moves. After all, dividend junkies need our fix!
It seems I have subconsciously added a financial goal for this fiscal year. I have been stuffing money into the old dividend portfolio each month. I have kinda focused on that as my new goal, to get that overall balance up over $400k.
Taxes are filed and the outcome is this; yes we got less back (even owed some this year), but that DOES NOT MEAN our taxes went up. We paid less throughout the year, so we remain consistent at about an 11% federal tax rate.
March 2019 Net Worth Recap equals total Assets minus total Liabilities.
Total Assets: $2,227,503 + $ 35,568 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; $394,609 down – $ 1,054.00 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 MARCH 2019 NET WORTH RECAP; $1,831,094
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.