August 2013 Net Worth Update (-$12,557)

Highlights for August

  • 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 August Zillow property estimates are: $197,147; $121,906; $278,372; and $236,537.
  • Our August net worth decline is mostly driven by the slide in the stock market.
  • Our monthly expense profile continues to improve while we are on a work assignment in China. I expect about ~$1-$2k/mo in related family travel expenses as try to maximize our limited time in China through the end of the year. Note this is offset by savings in other areas so expect to be close to a wash on our balance sheet.
  • Reports from back home are that the used car I have driven since college needs some repairs. I won't know the extent of the repair until we get back from our assignment, but this could be the point at which I end up purchasing a replacement car. For now I need to continue to focus on building cash savings as a large cash outflow could be looming.
  • I posted a checkpoint on our financial freedom plan progress. There are some areas I believe we are in good shape(retirement, stock) and others we are not yet in a good position (cash & bonds). As a result I've been thinking about re-prioritizing our cash flow and to stop maximizing our 401k contributions. That is a tough mindset change though for me.

Related in Net Worth:

July 2017 Net Worth Update (+$25,312) (Sep 05, 2017) Highlights for JulyAnother great month in the books for 2017. If this was a typical net worth month for us we'd be financially free in I've ramped up post-tax contributions to my 401k plan. I intend to try out...

June 2017 Net Worth Update (+$26,879) (Jul 21, 2017) Highlights for JuneFinally a net worth jump to get excited about. I've been a little frustrated with Mint lately as some of my account values weren't getting updated. I finally spent some time in June to get those fixed...

May 2017 Net Worth Update(+$12,231) (Jul 21, 2017) Highlights for MayAnother month, more gains in the stock market. It seems to just go up, up, up. That is when I get uncomfortable as a value investor, who knows what will happen.I had another 2 week business trip...

Comments (1)

Never nice to see a monthly drop, but it happens.

I'm interested in your decision not to include property at current value. I personally update mine anytime I have it valued (usually as part of a rental survey). I know a lot of people use average house price changes to track the value, but I think I agree with you regarding lack of liquidity.

Post a comment

(Comment moderation enabled.)


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


New Personal Finance Articles

PF Blogs