June 2013 Net Worth Update (-$7,619)

Highlights for June

  • 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 June Zillow property estimates are: $195,104; $120,053; $285,811 (which recently appraised for $270k); and $236,994.
  • June has been a very hectic month for us as we transitioned our family to China to start a work assignment. Our monthly expenses skyrocketed as we picked up our family and moved ourselves into a 3 bedroom apartment in China. I hope to get reimbursed for the majority of the expenses back from my employer (note receivables, and the liabilities adjustment which was an advance by my employer in net worth table) but we made a passive decision to spend in excess of our expected allowances to ease the transition for the family. I hope to resume some discipline to our budget/cash flow in July.
  • If there are any particular topics you'd like me to post on regarding our assignment/financial impacts please leave me a comment.
  • In June our actively managed portfolio beat our VTI benchmark. I'll post my investing report shortly.

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Comments (3)

Hi 2 million,

Congrats on your assignment. One thing that I am wondering is does experience in these assignments and see other countries culture especially- developing make you happy/appreciate more for US economy/technology strengths and the life comfort here? Would love to hear your experiences on things that can be improved in US too.
While this is not finance, I believe it helps imbibe some financial/personal attitude subconsciously.

Great work saving so much $ It is really not a question of if you will hit your goal, but WHEN.

I spent a couple of years traveling intensely for work. We made a decision to worry less about saving during that time and focused more on experiences. We never regretted that decision.

I hope you and the family have a great time in China!!! (Even if it costs you a couple extra $)

My goal I'd $2M also and reached it recently... Now it is $3... Retirement at 56 in 2.5 years or when I hit 3... If the market gives us 3 years of 20% I can do it๐ŸŽ‰...... Take a look at international living - retiring in s America on a thousand or so a month... With my school taxes going up 20% / year to pay pensions I m losing interest residing in the US...

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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: $1,701,144


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