Net Worth

Here is a snapshot of my current Net Worth. I update it around the 5th of each month. The calculation equals total Assets minus total Liabilities.

Don’t forget to check out my Net Worth Year over Year.

And remember ‘What Gets Measured, Gets Managed

 

 

 

Total Assets: $2,736,031 + $ 47,228 from last month.

Accounts receivable, This is a floundering business deal from 2014

BoatCars, Depreciating assets, but still sell-able.

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 for 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; $455,740 down – $ 1,839 from last month.

Mortgage on House; Bought in 2005 Interest 3.75%

Mortgage 2nd Home; Bought in 2012 Interest 3.5%

Rental Property; Bought in 2020 Interest 4.75%

Student Loan Paid off and GONE forever!

HELOC; Current APR 3.49%

TOTAL CURRENT NET WORTH; $2,280,291

Tracking your own NW 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”

15 thoughts on “Net Worth

  1. Wow, that’s quite an amazing portfolio! Such tremendous progress you’ve made over 10 years. I like your use of over half a million of non-callable debt at low interest rates as leverage to grow your net worth faster. I wonder what is your asset allocation in your retirement accounts?

    • I actually have a good chunk of it in a Target Date retirement fund. In general, I keep my wife’s TSP on the conservative side with over half in bonds/gov. securities. My retirement, the 401k’s, I invest like a person 10 years younger than myself, heavy on stocks.

  2. wow! It’s amazing how you’ve grown your networth over 10 years. I’d have to say, without other investments (real estate and stocks), I wouldn’t have as much as I do today. Also, without leveraging, I probably got stuck with net worth around $500K-700K over the 10 years span.

  3. What are you using to generate these graphs for the donut charts with the breakdown underneath? I love how they look and they don’t look like normal Excel, Personal Capital or Mint graphs that everyone else has.

    Also btw, great job on the YoY growth so far!

    • Good looking charts and graphs. I wish I had some of that Shopify. I have always thought that those Canadian retirement accounts could use a brief explanation for all of us Americans looking at it 🙂

      • Thanks for replying! SHOP is my biggest winner. Bought it back in December 2018 (when there was a slight dip for the markets). The TFSA is similar to the Roth IRA and the RRSP is similar to 401K’s. I’m pretty sure that’s it. You’re making me want to write a new post on those accounts! 🙂 Thanks for checking out my page!

  4. Nice work on the NW! Seems like you’re doing great and good luck on your road to early retirement. I always fight adding my daughters 529 in my NW. I know it could be taken back if she gets a scholarship but funds are kind of earmarked for college…so already spent. Also, seems like you might be able to get a better rate with your primary mortgage? Good Luck!

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