April 2014 Net Worth Update (-$5,069)

Highlights for April

  • We 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 round trip transactions via Amazon payments. I redeemed for a $500 Walmart gift card and a $500 Home Depot gift card which both will easily be consumed by our normal run rate expenses.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. We have done this during the the real estate market highs and lows. I believe real estate is too illiquid to list based on recent sale transactions. For those interested, our April Zillow property estimates are: $210,988; $132,782; $300,196; and $228,040 (total: $872,006 vs $751,255 on balance sheet).
  • We bought a new 2014 Toyota Sienna LE in April! It was a major purchase and we definitely opted more for the "nice to have" vehicle to help us w/ our hectic schedules & young children. If we weren't feeling comfortable with our position relative to our financial goals we wouldn't have bought it. We would have preferred to purchase a used minivan w/ low miles, but found we could get better value w/ a new vehicle.
  • I did sell my 1998 Nissan Sentra on Craigslist for $800. I probably could have eaked out up to an additional $200, but I ended selling it within 4 hours of listing to my 1st offer. I was just happy to get it off my to do list.
  • Rental #3 is turning over in May so I expected our higher than average monthly expenses to continue.

Related in Net Worth:

July 2018 Net Worth Update (+$52,101) (Aug 03, 2018) Highlights for JulyI come out of July feeling optimistic all the way around. We had positive developments on numerous fronts including the bottom line.In July we purchased our 5th rental property! The property market is very hot around our...

June 2018 Net Worth Update (+$22,779) (Jul 08, 2018) Highlights for JuneIn June our activity picked up a bit and we closed with another solid month in the books.Our largest individual stock holding (Genworth) had a breakout month as the US govt (CFUIS) approved the deal for it...

May 2018 Net Worth Update ($20,481) (Jul 04, 2018) Highlights for MayIn May we closed on some long term financing (5.375% 30 yr fixed) for our rentals that we used to pay off our equity line and reloaded our cash for the next acquisition. Ive started looking for...

Comments (8)

Did you end up paying all cash or got a part of it financed? The amount of decrease in cash seems to suggest the latter. Congrats on the swagger wagon!

We looked at financing options to see if we could get a 0% loan but lowest offered was 3% so opted to pay all cash for the car.

I'm curious how you've decided to allocate your liquid assets (cash/brokerage) versus retirement assets. Do you have a reason to keep so much in taxable accounts when you could get the same returns but without the annual taxes in a IRA? Do you have a theory about how much cash to hold? I'm trying to figure these questions out personally as our assets grow. thanks

You haven't posted cash flow in a long time, just wondering how much of your monthly net worth increases are coming from income vs investment returns at this point. Do you regularly contribute to your taxable accounts or does it mostly go to 401k?
Am also wondering if your 401k performance is skewed since you may subtract out your contributions but maybe not the gains from your contributions.

Wow, what a net worth! I can only dream of numbers like this - maybe one day!

I am curious why you dont include the new vehicle asset in your assets? It is a large asset, and could be sold for cash quickly...

Just came across your blog through Rockstar Finance...Looks like you've done very well and slowly getting closer to your $2-million goal. I particularly like that you have a nice diversified income stream with rentals and pre & post-tax investments. Well Done! Keep up the great work. Cheers! AFFJ

IJ -- I max out my IRA contributions, whats left in cash/taxable accounts is what I am unable to funnel w/ tax advantages in retirement accounts.

rags2riches - I should do a monthly cash flow report soon, Im curious myself how things have changed. I would say I *believe* its largely investment gains vs additional savings. I find our expenses continue to creep up with a growing family and lifestyle inflation, but my earned income has not.

Dave - agree I could list the new car in the asset list, but given its a depreciative asset I prefer to be conservative and keep it off the balance sheet as its not going to help with any of our financial goals.

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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: $1,938,393


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