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RSSApril 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:
2011 Net Worth Review (Jan 05, 2012) Its been a awhile since I posted an updated chart of our net worth growth. Here a net worth growth update including all of 2011: Progress continues to be made, but the better part of 2011 appears to be a...
December 2011 Net Worth Update (+$18,477) (Jan 04, 2012) Assets Nov-11 Dec-11 Change % Cash & Savings $ 22,960.53 $ 27,882.26 $ 4,921.73 21.44% Taxable Brokerage Accts $ 152,906.99 $ 158,906.63 $ 5,999.64 3.92% Roth IRAs $ 77,482.86 $ 82,652.93 $ 5,170.07 6.67% Pre-tax Retirement Accts $ 270,954.68...
November 2011 Net Worth Update (-$12,639) (Dec 12, 2011) It was no surprise that there was some pullback in our net worth value after a record setting gain in our October net worth. Assets Oct-11 Nov-11 Change % Cash & Savings $ 22,483.16 $ 22,960.53 $ 477.37 2.12% Taxable...
Comments (6)
Your table say March 09, is that a misprint?
Posted by Moneymonk | May 5, 2009 12:48 PM
Owning 4 houses means you will be sucking wind for a generation.
Posted by roberto | May 6, 2009 9:18 AM
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?
Posted by Martin | May 7, 2009 6:33 AM
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. :)
Posted by Monevator | May 9, 2009 6:07 AM
Martin - It looks like "$2 Million Goal Progress" is just net worth minus the equity in the primary residence.
Posted by Matt | May 17, 2009 7:43 PM
Thanks Matt, the answer is clear to me.
Posted by Martin | May 19, 2009 5:33 AM