May 2015 Net Worth Update (+15,309)

Highlights for April

  • We have earned approx $3,400 (in gift cards, points, and miles) through credit card signup bonuses in the part year. We are actively working on 2 additional bonuses including the Delta Amex Card for 50,000 Skymiles & Barclay Travel Plus Card for $400 in travel credit.
  • 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.
  • I spent 2 weeks in May on a business trip to China. I enjoying traveling (this trip included my first visit to Chengdu, China); but with a young family back home its difficult to manage. We end up spending more while I travel for work.
  • I'm expecting a small annual performance bonus in June for the first time in a couple years from my new employer. We continue to go through a great deal of transformation and uncertainty as we integrate our organization that was acquired from IBM last year. Change can be hard, but I continue to embrace it and hope it will payoff down the road.
  • In May we hired a painter to help take care of some long standing projects around the house. In the end we spent about $1,400 to update several rooms and some of the exterior of our house. I'm so far behind on home projects that it was a good value to see some progress, but I cringe at the thought of hiring someone to perform a task we can do ourselves. I do see this expense as a good example of the cost of the extra hours I am putting in the office that I could otherwise be putting towards home projects or this blog ;-).
  • Our portfolio performed poorly compared to our benchmark. I continue to think the markets are overvalued and focus our free cash on paying down our property mortgages.
  • In June we have a beach vacation planned for a week after my oldest daughter completes kindergarten. We are looking forward to some down time.

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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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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