I am on vacation and within the parameters of my 1/2 acre of lakefront cottage, everything is quite fine.
These are some of the things I am not thinking about;
- Impending Doom
- Bat Induced Viral Fuckwattery
Back to Zen and the Art of Mindlessly Floating Down a River.
Vacation Net Worth equals total Assets minus total Liabilities.
Numbers were good again this month (for some reason). We are up + 15,166 which I consider a pretty normal solid month worth of up.
Total Assets: $2,574,861.00
Assets in the markets were only up slightly as I moved everything but my dividend stock portfolio to more conservative pastures a few weeks ago.
Big increase in rental property cash flow as more summer people pay for their weeks up here at the cottage.
Big NEWS with our “Accounts receivable, This is a floundering business deal from 2014″. The owner let me know that she got a government loan for small business and will be paying me off a large chunk of my original balance.
Just in time to renovate the new rental unit after the unexpected loss of a tenant.
For those that have ever read my ill fated boating posts, She’s currently running smooth.
Total Liabilities; $$461,267 down – – 1,223 from last month. Slow and Steady paying down of mortgage notes.
On Vacation NET WORTH; $2,113,594.00
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.