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RSSDecember 2009 Net Worth Update (+$11,073)
We wrapped up the year getting to a psychological milestone - our net worth finally hit $600k this month. Its been about a year and half since we first hit a net worth of $500k.
| Assets | Nov-09 | Dec-09 | Change | % |
| Cash & Savings | $ 15,680.50 | $ 16,327.90 | $ 647.40 | 4.13% |
| Taxable Brokerage Accts | $ 111,950.41 | $ 112,411.10 | $ 460.69 | 0.41% |
| Roth IRAs | $ 48,369.57 | $ 49,835.89 | $ 1,466.32 | 3.03% |
| Pre-tax Retirement Accts | $ 193,704.25 | $ 194,639.68 | $ 935.43 | 0.48% |
| Stock Options | $ 26,400.00 | $ 30,039.99 | $ 3,639.99 | 13.79% |
| ESPP | $ 21,291.82 | $ 21,961.79 | $ 669.97 | 3.15% |
| House #1 - Rental | $ 160,000.00 | $ 160,000.00 | $ - | 0.00% |
| House #2 - Rental | $ 128,225.00 | $ 128,225.00 | $ - | 0.00% |
| House #3 - Sold | $ - | $ - | $ - | 0.00% |
| House #4 - Primary | $ 300,000.00 | $ 300,000.00 | $ - | 0.00% |
| Receivable (Payable) | $ - | $ - | $ - | |
| Other Assets | $ - | $ - | $ - | |
| Total Assets | $ 1,005,621.55 | $1,013,441.35 | $ 7,819.80 | 0.78% |
| Liabilities | | | | |
| Credit Card Balances | $ (2,571.93) | $ (2,218.29) | $ 353.64 | -13.75% |
| House #1 Mortgages | $ (135,132.11) | $ (135,132.11) | $ - | 0.00% |
| House #2 Mortgages | $ (24,318.68) | $ (20,963.35) | $ 3,355.33 | -13.80% |
| House #3 Mortgages | $ - | $ - | $ - | 0.00%! |
| House #4 Mortgages | $ (238,882.55) | $ (237,954.47) | $ 928.08 | -0.39% |
| Rental Deposits | $ (4,657.72) | $ (4,657.72) | $ - | 0.00% |
| Additional Tax Liability | $ (10,032.00) | $ (11,415.20) | $ (1,383.20) | 13.79% |
| Other Liabilities | | | $ - | |
| Total Liabilities | $ (415,594.99) | $ (412,341.14) | $ 3,253.85 | -0.78% |
| $2million Goal Progress* | $ 528,909.11 | $ 539,054.68 | $ 10,145.57 | 1.92% |
| Net Worth | $ 590,026.56 | $ 601,100.21 | $ 11,073.65 | 1.88% |
Highlights for December
- 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.
- From a cash flow perspective things are tight, but improving. 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. However, now that we have sold House #3 (townhouse) we should have more free cash at the end of each month going forward.
- December was a poor month for our stock investments as our benchmark soundly beat our holdings. I'll post our December investment update soon. We sold off a couple of our stock holdings as the year wound down.
- Holiday spending for us increased as we now have a little one to spoil. I think we spent around $600 on gifts this year. We also took a lengthy road trip to visit family during the holidays spending about $250 in gas.
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 (2)
Congratulations on your progress and your nice December numbers. I recently stumbled upon your blog and have been enjoying reading it. I was trying to look for any posts you have done on your Stock Option investments. I am curious what your Option's strategies are.
Posted by Brandon | January 7, 2010 9:59 PM
So a long while back, under one of the posts where you divulged you were getting married, I told you that the idea of you saving so much would go to the wasteside. (dont remember which post but I'm sure it's still there.) It's interesting to see that you are finding out that yeah, not only can you not save as much but YOU personally no longer will have any authority in the amount getting spent. It only get's worse. $600 for xmas is not much believe it or not. For your income, depending on how many kids you have, expect it to be 1k per child. Not as much when they are 1 or 2, but as they get older, a DSI is 200, PS3 400, Wii games $50 each and clothes are expensive if you get what they ask for. Ofcourse, some people are very frugal and don't do this but I've sensed that your wife is not as frugal as you are. Not in the least. Of course, it's only human nature. When one spouse is very successful and has lots of income, what really is the incentive for the other to bring in as much. Generally, the lower of the two will try to find a way not to work- that is my experience.
Posted by Rick | January 10, 2010 10:21 PM