|Net worth now relects combined net worth of my wife and I. Market near all time highs.
Big stock position continues to improve from last month. Still undervalued but improving. Bank warrants should pay off nicely and economy and housing market improves. Stock market at all time high at month end. Equity accounts reflect this. Assets should increase significantly now with money no longer being paid towards mortgage.
Owe 10k combined in federal and state tax so that dented cash flow this month. WTF
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.
Mortgage has been refinanced for 120k at 3.5%. Closing costs reflect the increased balance. Happy with the interest we saved on the extra payments for 2 years and now have a mortgage payment less then 1/3 of my original payment. Interest outlay over 30 years comes out to a roughly 2500 a year average. Will be pennies relatively speaking towards the end of the loan. Saved about 175k by paying down mortgage aggressively.
Will now take the 7-12k a month that was going to mortgage and will look at an investment property or will continue to strategically add to stock positions over time. Not adding now at all time highs. Would love for the div payers in my portfolio to pull back some. Made nearly 10k last year in dividends and would like to increase that significantly.
We have striven to have little debt and now have 10x more assets then debt, and debt interest rates are at 1.6% for the student loans and 3.5% for mortgage. Interst expense will be minimal as a result going forward.
Bond asset is 401k money waiting to go in once market goes down.
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.