May 2018 Net Worth Update ($20,481)

Highlights for May

  • In 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 another rental property, but its a very tough market and none of our bids went very far.
  • Our taxable stock holdings (where most of our active investments are) had some outsized gains.
  • I spent ~$650 in car repairs & registration fees to fix a fuel sensor so my car would pass inspection and I could renew my tags.
    This was our first significant repair for a car we purchased in 2009.
  • Our spending remains elevated and I don't really understand why. We are busy, and I recognize that costs more money. Our kids are also engaging in more extracurricular activities and that adds up....summer camp, swim lessons, club fees, uniforms, sports equipment, gas. At some point I want to focus on reducing expenses but not currently my priority these days as long as we feel like we are making progress on our overall goals.
  • Otherwise a pretty quiet month.

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...

April 2018 Net Worth Update (+$22,946) (May 20, 2018) Highlights for AprilApril was a busy month, with positive momentum as much of the month was focused on some long term financing for our new rental.It took us longer than I expected, but for most of April we worked...

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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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