July 2014 Net Worth Update (-$12,499)

Highlights for July

  • I just signed up for our 4th and 5th new credit card promotion opportunity this year. Since we have no plans to utilize our credit for other financing anytime soon, we plan to make a little money off our credit scores by taking advantage of these promotional opportunities. We have already earned $1,600 in gift cards from 3 of these opportunities in 2014. We are not spending extra, but focusing our spending on these new cards to earn the bonuses and doing some round trip transactions via Amazon payments.
  • 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 July Zillow property estimates are: $202,649; $148,207; $315,570; and $208,748 (total: $875,174 vs $751,255 on balance sheet).
  • Cash savings finally ticked up this month. After purchasing our minivan in March, we are finally seeing some progress in rebuilding our savings. I'd like to rebuild this to around $100k with $60k for our emergency fund (12 months of living expenses) and $40k for future investment opportunities.
  • Our oldest daughter started Kindergarten this month! Its hard to believe how fast time has flown by these past 5 years since she was born. It reminds me we need to crank up the 529 college savings. We have about $23k in various 529 college savings plans for our 2 children and contribute $220/mo to them.
  • Investments had a sharp downturn in the end July more than offsetting all our savings for the month. I'm pretty comfortable w/ our position as I've highlighted before I feel the market is currently overvalued.

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...

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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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