May Your Assets Be Like Tribbles
I am fully vaccinated and feeling financially frisky!
The blog has been on life support putting out posts mostly about my side interests of Prepping and Heathenism. I felt it was time to put out some FIRE orientated posts.
True be told I recently became unhappy at my job. (Nobody leaves a bad job, they leave a bad boss). It had me crunching my numbers. SO close to FU money, but I need a few more pieces of the puzzle to fall into place.
2 more buildings and I am out!
P.S. Humblebrag – My oldest did so well on his ACT (9th grader) that I may have to rethink how much money we have set aside for his education.
Pre Spring ’21 Net Worth equals total Assets minus total Liabilities.
Total Assets: $2,938,709 + $ 49,446 from last month, which was up + 56,130 from last month, which was up + 23,372 from last month. Which was up + 73,730 from the month before that, coming off of a + 47,228 month. WOW!
Accounts receivable, This is a floundering business deal from 2014
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; $450,747 down – $1,253 from last month. Ah, the long slow boring paying off of debt.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Mortgage on Rental Property; Bought in 2020 Interest at 4.75%
Student Loan Paid off!
HELOC; Current APR 3.49%
Pre Spring ’21 NET WORTH; $2,487,962
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.