| Net worth now relects combined net worth of my wife and I and this is the second month that we have become MILLIONAIRES!!!! Market had a wild December and fiscal cliff was resolved on the last day.
Big stock position continues to improve from last month. Still very undervalued. Large special div being paid finally thus the large jump.
Real estate is single family home, should appreciate at 4% a year average for my area which is 1500 a month. This may also be understated compared to comparable sales and work done to house. Only 750 added this month although home prices nationally are on the rise again.
Paid a very large amount towards mortgage again. This continues to show our earning power. Will continue this and will refinance in March. Will then focus on other investments. Will drop payment to ~500 a month from 1692.
Misc Asset is jewelery and is entered at appraised value.
Personal property is furniture, art, tangible stuffs, etc in house. This is carried at nearly 1/3 or 1/4 of price paid.
Now 32, wife 29, net worth goal of $250,000 by 30 reached 9 months early on my own. Every entry before 10/10 reflects this.
Goal HAS BEEN MET FOR 1 million net worth by the end of 2012 one month early. New goal of 1.25 million by the end of 2013.
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 abscense of growth, and increasing dividend.
Carry on..... |