February 2010 Net Worth Update (+$14,954)

Assets Jan-10 Feb-10 Change %
Cash & Savings $ 17,204.40 $ 17,284.46 $ 80.06 0.47%
Taxable Brokerage Accts $ 109,096.94 $ 109,288.34 $ 191.39 0.18%
Roth IRAs $ 50,856.92 $ 52,909.40 $ 2,052.48 4.04%
Pre-tax Retirement Accts $ 193,999.98 $ 201,346.72 $ 7,346.74 3.79%
Stock Options $ 23,248.00 $ 26,288.00 $ 3,040.00 13.08%
ESPP $ 20,952.45 $ 20,964.40 $ 11.95 0.06%
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 $ - $ - $ -
House #4 - Primary $ 300,000.00 $ 300,000.00 $ - 0.00%
Receivable (Payable) $ - $ - $ -
Other Assets $ - $ - $ -
Total Assets $ 1,003,583.69 $1,016,306.32 $ 12,722.62 1.27%
Liabilities
Credit Card Balances $ (647.06) $ (1,604.71) $ (957.65) 148.00%
House #1 Mortgages $ (134,483.79) $ (134,383.79) $ 100.00 -0.07%
House #2 Mortgages $ (18,179.17) $ (14,351.32) $ 3,827.85 -21.06%
House #3 Mortgages $ - $ - $ -
House #4 Mortgages $ (237,954.47) $ (237,537.31) $ 417.16 -0.18%
Rental Deposits $ (4,657.72) $ (4,657.72) $ - 0.00%
Additional Tax Liability $ (8,834.24) $ (9,989.44) $ (1,155.20) 13.08%
Other Liabilities $ -
Total Liabilities $ (404,756.45) $ (402,524.29) $ 2,232.16 -0.55%
$2million Goal Progress* $ 536,781.71 $ 551,319.34 $ 14,537.62 2.71%
Net Worth $ 598,827.24 $ 613,782.03 $ 14,954.78 2.50%

Highlights for February


  • 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 2009. 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.

  • We received a $1,950 distribution from the taxes/insurance escrow account on our House#4 mortgage. The payment was a result of a tax prepayment when we bought the house back in 2008, it just took a while to catch up to us. Hence we had an extra bump this month in our cash flow.
  • The stock market was up strongly for the month, although our actively managed holdings performed poorly against our benchmark. The full details of our investments will be posted shortly.
  • Otherwise we continued to focus on paying down our IELOC (House #2 mortgage) which has been an ongoing focus for us. Our goal is to pay off this credit line by the end of this year as one of the steps to reduce our total debt load.
  • For the first time since I graduated college I filed our taxes prior to April. I quickly realized we were going to get a large refund and it motivated me to aggressively pursue our income tax preparation. Our tax returns have been sent and now we are just waiting for our refunds. I have also already changed my withholding rate with my employer so that we should not get such a large refund next year. This year with a new baby, some sizable losses with our rental properties and stock investments meant we owed a lot less than I expected.

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 (3)


Great progress this month. =)

2million,

Sharebuilder ING is offering a $50 promotion. For anyone who opens an account and deposits $50, Sharebuilder will match that $50. Also, if you get a friend to open an account, the friend will get $25 and you will get $20. You could probably contact them and post the advertisement on your webpage. I think it's for a limited time though.

Similar to how you realized you will be receiving a large tax refund, I realized I will probably have to pay this year.. Hence, I still have not done my taxes and am not looking forward to doing them..OH, and nice gains this month ;)!

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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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