January 2013 Net Worth Update (+$43,105)

We crossed a major financial milestone this month!

Highlights for January

  • We like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are currently taking advantage of a promotion for a Capital One Spark Business Credit Card that offered a $500 bonus after spending $4,500 within the 1st 3 months and offers 1.5% cash back off all purchases with no annual fee.
  • We used Amazon payments to boost our spending this month to take advantage of the credit card promotion. As a result we had additional cash (and corresponding credit card liabilities) on our balance sheet this month.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. We did this while the real estate market was riding high and we continue to do it now during the slide. I believe real estate is too illiquid to list based on recent sale transactions. For those interested, our Feb Zillow property estimates are: $190,216; $119,582; $292,580 (which recently appraised for $270k); and $227,587.
  • We crossed that major milestone this month to become millionaires on our balance sheet. Its been a non event for us so far, but it is recognition we are making regular progress towards our financial freedom goal. It has been a 12 year ride for me to reach this point, the majority of it captured in this blog.
  • We had some unanticipated issues with our home's furnace this month and ultimately purchased a new unit for ~$4k. Wasn't a very timely purchase given we allocated the majority of our cash/emergency fund in our no cost refinance in November, but just a small blip in an otherwise very positive month.
  • We paid our annual auto insurance premium of ~$1k this month.
  • In January our investment portfolio rocked! It compared nicely to our benchmark (6.72% vs 5.61%). I'll post our investment report shortly.

Related in Net Worth:

May 2014 Net Worth Update (+$17,335) (Jun 10, 2014) Highlights for MayWe signed my wife up for our 3rd new credit card promotion opportunity this year. We hope to earn $600 in gift cards after spending $5k over the next 3 months. We are not spending extra, but...

April 2014 Net Worth Update (-$5,069) (May 12, 2014) Highlights for AprilWe finished up earning $1,000 in credit card signup bonuses for 2 credit card signups w/ spending requirements. Im not spending extra, but focusing our spending on these new cards to earn the bonuses and doing some...

March 2014 Net Worth Update (+$14,117) (Apr 03, 2014) Highlights for FebruaryWe are close to finishing up earning $1,000 in credit card signup bonuses for 2 credit card signups w/ spending requirements. Im not spending extra, but focusing our spending on these new cards to earn the bonuses...

Comments (7)


Congratulations! Should take less time to $2M.

Congrats on reaching 1 million 2million!! This has been a long time coming. Very happy and proud of you!

Congratulations!!!, it is very cool when you see the seven figures in excel for the first time.

Great accomplishment in only 12 years! It has been fun to watch the progress. Care to make a prediction on how long the next $1 million will take?

Interesting stuff. I was wondering about that Capital One business card bonus for $500. Is it a publicly available offer, and is there an online link to it by chance? Thanks a bunch for publishing your finances like that.

Congratulations 2million! It has been inspiring following your blog for the past few years.

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About 2millionblog.com

A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,278,865


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