April 2009 Net Worth Update (+$21,607)

Finally a month to really get excited about. This is our 2nd biggest monthly gain ever (excluding the month we merged our finances). The highest monthly gain was in May 2008, right before the wheels started to come off the world economy. If the investment gains are any indication, things are starting to turn around for the economy.

Assets

Mar-09

Mar-09

Change

%

Cash & Savings

$ 34,036.39

$ 37,542.03

$ 3,505.64

10.30%

Taxable Brokerage Accts

$ 66,991.59

$ 68,260.59

$ 1,269.00

1.89%

Roth IRAs

$ 32,979.09

$ 37,177.15

$ 4,198.06

12.73%

Pre-tax Retirement Accts

$ 129,851.00

$ 136,803.53

$ 6,952.53

5.35%

Stock Options

$ 640.00

$ 6,464.00

$ 5,824.00

 

ESPP

$ 25,705.73

$ 27,989.06

$ 2,283.33

8.88%

House #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

0.00%

House #2 - Rental

$ 128,225.00

$ 128,225.00

$ -

0.00%

House #3 - ???

$ 107,710.00

$ 107,110.00

$ (600.00)

-0.56%

House #4 - Primary

$ 300,000.00

$ 300,000.00

$ -

0.00%

Receivable (Payable)

$ -

$ -

$ -

 

Other Assets

$ -

$ -

$ -

 

Total Assets

$ 986,138.80

$1,009,571.36

$ 23,432.56

2.38%

Liabilities

 

 

 

 

Credit Card Balances

$ (428.63)

$ (2,032.61)

$ (1,603.98)

374.21%

House #1 Mortgages

$ (113,314.10)

$ (114,083.02)

$ (768.92)

0.68%

House #2 Mortgages

$ (99,063.94)

$ (97,266.96)

$ 1,796.98

-1.81%

House #3 Mortgages

$ (88,629.95)

$ (88,383.05)

$ 246.90

-0.28%

House #4 Mortgages

$ (241,004.66)

$ (240,404.48)

$ 600.18

-0.25%

Rental Deposits

$ (4,135.23)

$ (4,135.23)

$ -

0.00%

Additional Tax Liability

$ (230.40)

$ (2,327.04)

$ (2,096.64)

 

Other Liabilities

 

 

$ -

 

Total Liabilities

$ (546,806.91)

$ (548,632.39)

$ (1,825.48)

0.33%

$2million Goal Progress*

$ 380,336.55

$ 401,343.45

$ 21,006.90

5.52%

Net Worth

$ 439,331.89

$ 460,938.97

$ 21,607.08

4.92%


Highlights for April


  • All credit card debt (except current month's purchases) is in the form of 0% APR balance transfers earning interest in my savings accounts. We paid off the last of our 0% balance transfers in January. The well has dried up for now, but we are ready to take advantages if any offers come our way.

  • We track our real estate properties according to our cost basis (with the exception of House #3 which we may be selling soon).

  • We moved another $1,500 from House #1 HELOC (3.25%) to pay down House #2 30yr fixed mortgage (6.5%). We have now pulled $3,000 from the HELOC to accelerate the payoff of the higher interest mortgage.

  • My wife and I have started tracking our big ticket purchase list and tried to throttle our spending to help manage our cash flow.

  • Our monthly return was help by a $2,158 tax return received this month including the recovery rebate credit. I'll post more on our tax returns shortly.
  • Investment gains are looking good for April - I'll update our investment snapshot and post it in a few days for the April breakdown.

You can see my previous monthly net worth updates here.


Related in Net Worth Archive:

May 2012 Net Worth Update (-$28,098) (Jun 10, 2012) Highlights for MayWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. Our properties are listed on our...

April 2012 Net Worth Update (+$2,763) (May 09, 2012) Highlights for AprilWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. We received $1,000+ in rewards cash...

March 2012 Net Worth Update (+$22,032) (Apr 11, 2012) Highlights for MarchWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. We are close to earning ~$1,000...

Comments (6)


Your table say March 09, is that a misprint?

Owning 4 houses means you will be sucking wind for a generation.

Can you explain the line '$2million Goal Progress*'?
I tried to explain it myself but it keeps changing from month to month both upwards as well as downwards. I cannot figure out how to read it.
Is it related to the original planning you made to achieve the $2mln?

Don't you think you'll miss the bear market when it's gone? If you're aiming for $2million, cheap asset prices are better for you than expensive when you're young.

Anyway, good luck with your progress. :)

Martin - It looks like "$2 Million Goal Progress" is just net worth minus the equity in the primary residence.

Thanks Matt, the answer is clear to me.

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About 2millionblog.com

A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,701,144

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