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.
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.
Posted by My Frugal Miser | October 7, 2009 10:00 PM
Nice bump in cash for the month. I like the way you break down all of your assets and liabilities - simple, yet effective!
Posted by GE Miller | October 12, 2009 8:38 PM