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Net Worth Update

6/12/2014

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Picture
Assets: $1,152,881
Real Estate - $853,000
Retirement accounts - $204,842
Brokerage - $73,025
Cash equivalence - $8,003
Other - $3,807

Liabilities: $411,254
Real Estate Mortgages - $411,254

Net Worth:  $741,627

The good news is that the massive amount of property taxes that I had to pay didn't hit me as bad as I thought.  I think a big part of this was finally finding a renter for my most expensive property and also the increase in the stock market.  

I've started to change my philosophy as far as investing in the stock market.  I'm going to slowly transition into ETFs as I sell out my individual positions.  I should have taken this advice 10 years ago when ETFs became more popular.  I've made money investing in individual stocks, but I don't think according to my calculations that I've made as much.  On top of this I save a ton of time that I could be using to make money in other ways.  I don't even want to think that I could be retired by now if I had made a change a decade ago, but better to realize it now than 30 years from now.  


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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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