January 2018 Net Worth Update (+$43,834)

Highlights for January

  • January was another incredible month of growth for our net worth growth kicking of 2018 with a nice start.
  • Only a few days into the new year and I had to unexpectedly replace a HVAC system at a rental property for $4,400. That is what our cash/emergency funds are for.
  • For the first time in a long time I got *close* to an overdraft situation in my checking account. My primary mortgage company somehow withdrew my January mortgage payment twice in January and then I had a multitude of Dec bills withdrawing from my account in early December. Its thrown my monthly cash flow cycle of income/payments off for a bit and Im still shuffling money around my cash accounts to re-adjust.
  • Late January we got into vacation planning mode planning a short Spring break trip on the Virginia coast (using hotel points), and a week in the NC Outerbanks during the summer (renting a condo for a week).
  • Our monthly spend still seems high. Its the new normal it seems, and I keep talking about reducing our spending run rate, but no progress. With healthy net worth growth its more palatable for me.

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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