kinless' Net Worth for December 2022

Assets	Value	Change ($)	Change (%)
Cash	$104,778	($19,459)	(15.66%)
ULI Total Value	$10,352	$3	0.03%
Retirement	$247,515	($10,530)	(4.08%)
Home	$750,000	$2,000	0.27%
Other Real Estate	$450,000	$4,000	0.90%
Cars	$2,400	-	-
Personal Property	$20,500	$500	2.50%
Other Assets	$0	-	-
Total Assets	$1,585,545	($23,486)	(1.46%)

Debts	Value	Change ($)	Change (%)
Home Mortgage(s)	$221,870	($801)	(0.36%)
Other Mortgage(s)	$248,670	($472)	(0.19%)
Credit Cards	$0	($19,323)	-
Car Loans	$0	-	-
Other Debts	$35,000	-	-
Total Debts	$505,540	($20,596)	(3.91%)
Net Worth	$1,080,005	($2,890)	(0.27%)
^*All values shown in USD ($)

Notes:
And that's a wrap for '22. As foretold, all credit card debt has been wiped away, despite reaching all time highs just a month before, thanks to a kitchen renovation and other home maintenance. Unfortunately this has sapped my primary checking account far below the usual end-of-year threshold, forcing a temporary switch to monthly Roth IRA contributions instead of all up front. That may actually be better right now since markets are still trending downward. My HSA and SEP contributions will be at the normal scheduled withdrawal times. A new tenant resides in my rental, so that portion of income will resume. However I spent quite a bit getting the place in order during the turnover, so it'll take a few more months to catch back up. I'll know more about salary and rate changes in the next month or so. Nothing to report yet. I've already taken a run at my taxes and it looks like I'll be coming out slightly ahead. Overall it looks like a total jump of 9.2% in net worth from this time last year. The stock market surely hasn't done anyone any favors, but all we can do is keep contributing and hope for better gains in the next 12 months. We'll see in '23...

Notes:

And that's a wrap for '22.

As foretold, all credit card debt has been wiped away, despite reaching all time highs just a month before, thanks to a kitchen renovation and other home maintenance.

Unfortunately this has sapped my primary checking account far below the usual end-of-year threshold, forcing a temporary switch to monthly Roth IRA contributions instead of all up front. That may actually be better right now since markets are still trending downward. My HSA and SEP contributions will be at the normal scheduled withdrawal times.

A new tenant resides in my rental, so that portion of income will resume. However I spent quite a bit getting the place in order during the turnover, so it'll take a few more months to catch back up.

I'll know more about salary and rate changes in the next month or so. Nothing to report yet. I've already taken a run at my taxes and it looks like I'll be coming out slightly ahead.

Overall it looks like a total jump of 9.2% in net worth from this time last year. The stock market surely hasn't done anyone any favors, but all we can do is keep contributing and hope for better gains in the next 12 months.

We'll see in '23...

Comments

12/31/2022 2:25:51 AM kinless
Total gain in net worth this year is 9.2%. Retirement accounts didn't do so hot, but real estate and a continued 18% savings rate have helped keep a steady incline.