| Net worth now relects combined net worth of my wife and I.
The Market had a good month until the debt crisis took presidence. Stock accounts and retirement display this despite continued contributions. This also appears to be drag on increase in net worth over last couple months. Nearly half a million in stock and retirement accounts are in equities.
Have over 110k in one stock, a bit of a gamble but an educated gamble with the odds in my favor.
Real estate is single family home, will appreciate at 4% a year average for my area which is 1500 a month. I again only added 750 this month again. Do not want to get ahead of my self. This may also be understated compared to comparable sales.
Paid a great deal extra towards mortgage, shows our earning power. Will continue this for some time. I hate paying interest....
Misc Asset is jewlery and is entered at appraised value.
Personal property is furniture, art etc in house. This is carried at nearly 1/3 or 1/4 of price paid.
Now 30, wife 27, net worth goal of $250,000 by 30 reached 9 months early on my own. Every entry before 10/10 reflects this.
We missed net worth goal of 600k by years end by 17k. Our goal now is 1 million net worth by the end of 2012. We are now firmly over 1,000,000 in assets.
A big part of our success has been due to very little debt with a heavy amount of high quality assets. We are very equity heavy, holding NO BONDS. I look for stocks with very little debt, growing EPS, large cash balance if available in absense of growth, and increasing dividend. With the recovery now coming towards its mid cycle I may need to de leverage moving forward.
Carry on..... |