September 2014 Net Worth Update (-$14,957)




Highlights for September

  • Between my wife and I we have earned approx $3,000 (in gift cards, points, and miles) through 6 credit card signup bonuses this year. Our credit scores are still hovering around 800, but since we have no plans to utilize our credit for other financing anytime soon, we are making a little money off our credit scores by taking advantage of these promotional opportunities.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 September Zillow property estimates are: $201,345; $128,493; $309,710; and $219,993 (total: $859,541 vs $751,255 on balance sheet).
  • Our stock market holdings shed some of the recent paper gains this month dragging our net worth down this month. Oh well.
  • We finally received our 2012 tax refund (approx $1,600) this month and I applied those proceeds to our IELOC balance as we continue to use cash to pay down our variable rate mortgage.
  • We spent a week @ Myrtle Beach in September taking advantage of off season rates for a reasonably priced vacation.
  • At the end of the month, my business unit in IBM was transitioned to Lenovo. My lack of site updates this year is a direct reflection on the magnitude of this effort. It has been a long time in the making and I am excited about the future work opportunities. Im also hoping that our new company benefits will positively impact our progress to our financial goals.

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Comments (4)


I also see the poor performance of the stock market having a big impact to my net worth this past month.

I'm amazed at the number of free points you are receiving from your credit card and reward cards. Do you track all of these points with any website?

Congrats on the net worth, but do you mind me asking what your annual passive income is? You appear to have a lot of dead equity.

I agree with Jeff. Would be great to find out!

Our annual passive income is roughly $20k from the rental properties and $4k from stock dividends.

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,574,185

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