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Net Worth Update

2/9/2014

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Picture
Assets: $1,152,954
Real Estate - $853,000
Retirement accounts - $204,920
Brokerage - $70,024
Cash equivalence - $18,595
Other - $6,415

Liabilities: $413,411
Real Estate Mortgages - $413,411

Net Worth:  $739,543

August was a good month for the net worth.  It increased by 1.8% vs a decline of 0.1% the previous month, so it's right on track for where it should be when you average out the two months.  The stock market has performed well over the past month which helps a lot and it's been hitting new highs recently.  Last month was not stellar for savings, but I was able to save half of my take home pay.  

I sold some stock this past month because I think the market is getting high.  While there could be some volatility ahead it won't impact me as much as if I had not sold.  Although if it surges I'll get no benefit from that either.  

Now here's the bad news.  I have an eviction coming up which will reduce my income and thus my net worth going into next month.  I can only pray that it ends quickly and that I can either sell the unit or find another renter ASAP.  

Also, in November the dreaded property tax comes due.  This alone with drain my net worth by an amazing 1.3%!  People seem to love November, but not me! 
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    This website was created due to the atrociously misguided financial advice that I've heard over the decades.  Financial freedom is not intellectually strenuous, but it takes discipline. 

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