patatty's Net Worth for August 2021

Assets Value Change ($) Change (%)
Cash $74,408 ($35,562) (32.34%)
Stocks $49,457 $2,329 4.94%
Bonds $0 - -
Annuities $0 - -
Retirement $428,372 $7,250 1.72%
Home $766,500 $10,500 1.39%
Other Real Estate $262,200 $24,730 10.41%
Cars $9,000 - -
Personal Property $0 - -
Other Assets $25,643 $37 0.14%
$1,615,580 $9,284 0.58%
Debts Value Change ($) Change (%)
Home Mortgage(s) $462,940 ($1,016) (0.22%)
Other Mortgage(s) $148,365 ($248) (0.17%)
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $611,305 ($1,264) (0.21%)
Net Worth $1,004,275 $10,548 1.06%
*All values shown in USD ($)
Paid a big tax bill for what was still owed for 2020 taxes (~$30k) this month, and also paid for IVF (~$20k). So a big expense month, which cut into our cash savings significantly. I'm expecting expenses to normalize starting next month, because we have mostly stopped paying for home renovations (except for a few more things) but also wife stopped working, so monthly take home pay will be about $12k less too.


8/13/2021 5:17:32 PM patatty
It feels weird crossing over the $1MM mark this month. We've had a very significant increase in "net worth" this past year due to real estate appreciation. I am valuing our house and our two rental properties based on Zillow, but to be honest I think if we were to list them today, we could probably get an extra $200k out of all of the properties combined, at least. On the other hand, if/when the economic house of cards collapses, these paper gains will go away. So, I'm not really sure how to feel. On the one hand I feel like we made it over the threshold based on a conservative estimate of today's market values, but on the other hand, I feel like it could go away in an instant if the economy takes a turn south.
8/20/2021 11:10:00 AM patatty
In my last comment, I forgot to take into account that we had not yet paid 2020 income taxes. So, I jumped the gun a little bit.