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:

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...

March 2018 Net Worth Update (+$11,292) (May 20, 2018) Highlights for MarchIt feels a little like I have woken up from a coma and finally taking some action to continue building our net worth! March was an exciting month as I dove back into real estate investing. Its...

February 2018 Net Worth Update (-$47,198) (Apr 07, 2018) Highlights for FebruaryFinally some sanity kicked in and markets were all over the place in February. Who knows where the markets are headed now, but I still think they are richly valued.Ive started working on my taxes and realized...

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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: $1,853,883

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