September 2009 Net Worth Update (+$25,475)

Another suprisingly strong month for us due largely to gains in the stock market.

Assets

Aug-09

Sep-09

Change

%

Cash & Savings

$ 8,117.17

$ 20,328.62

$ 12,211.45

150.44%

Taxable Brokerage Accts

$ 88,230.54

$ 93,930.10

$ 5,699.56

6.46%

Roth IRAs

$ 41,901.97

$ 42,181.54

$ 279.57

0.67%

Pre-tax Retirement Accts

$ 171,718.48

$ 186,764.04

$ 15,045.56

8.76%

Stock Options

$ 19,760.00

$ 22,920.00

$ 3,160.00

15.99%

ESPP

$ 31,874.67

$ 20,651.30

$ (11,223.37)

-35.21%

House #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

0.00%

House #2 - Rental

$ 128,225.00

$ 128,225.00

$ -

0.00%

House #3 - ???

$ 104,710.00

$ 104,110.00

$ (600.00)

-0.57%

House #4 - Primary

$ 300,000.00

$ 300,000.00

$ -

0.00%

Receivable (Payable)

$ -

$ -

$ -

 

Other Assets

$ -

$ -

$ -

 

Total Assets

$ 1,054,537.83

$1,079,110.60

$ 24,572.77

2.33%

Liabilities

 

 

 

 

Credit Card Balances

$ (2,131.49)

$ (3,563.90)

$ (1,432.41)

67.20%

House #1 Mortgages

$ (135,710.60)

$ (135,345.94)

$ 364.66

-0.27%

House #2 Mortgages

$ (37,052.93)

$ (34,244.93)

$ 2,808.00

-7.58%

House #3 Mortgages

$ (87,130.22)

$ (86,875.95)

$ 254.27

-0.29%

House #4 Mortgages

$ (239,189.41)

$ (238,882.55)

$ 306.86

-0.13%

Rental Deposits

$ (4,657.72)

$ (4,657.72)

$ -

0.00%

Additional Tax Liability

$ (7,311.20)

$ (8,709.60)

$ (1,398.40)

19.13%

Other Liabilities

 

 

$ -

 

Total Liabilities

$ (513,183.57)

$ (512,280.59)

$ 902.98

-0.18%

$2million Goal Progress*

$ 480,543.67

$ 505,712.56

$ 25,168.89

5.24%

Net Worth

$ 541,354.26

$ 566,830.01

$ 25,475.75

4.71%

Highlights for September


  • 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). We offically put House #3 on the market this month, but showings have been slow.

  • We feel pretty flush after 6 months of plus $15k growth. However from a cash flow perspective things are tighter than before. Down to a single income with a bigger house and bigger family are making monthly expenses higher and there isn't a pile of cash left over at the end of the month. Im spending a fair amount of time thinking about how we can improve this situation. We have a plan to to payoff the loan balances associated to House #2 that will help significantly, but we have to get through paying them off first. That can't come soon enough for me.
  • We received a check for the proceeds from the escrow account on our House #2 mortgage that we paid off with an IELOC last month. This added nearly $2k in cash on our balance sheet.
  • September was another good month for our stock investments. I'll post our September investment update soon. We sold 100 shares of IBM stock in our ESPP which netted us over $12k in cash for the month. We also purchased additional stock in Markel in our taxable brokerage accounts.

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 (2)


Wow... a $25,000 increase in one month. Congratulations! How do you feel about your mortgage debt? I similarly have quite a bit of mortgage debt on my properties. I was fine with this since they are income-producing, but having recently lost my job, it's a bit scary to know I have to pay these mortgages even if a tenant doesn't pay me.

Nice bump in cash for the month. I like the way you break down all of your assets and liabilities - simple, yet effective!

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,574,185

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