Net Worth Report #3

I update my net worth tracker monthly, and will periodically post it here. My initial goal is to increase our net worth to $1M. This month we had a significant bump of $59,320.19, but the majority of that amount came from a retirement account that belongs to my wife that we had not been tracking. She stopped working back in 2015, which was before we embarked on our financial independence journey, and we “lost track” of those funds. We rolled them over to a professional investment manager and will track their monthly performance moving forward.

Assets:

Home Market Value: I use Redfin to track this, and their estimate of our home’s value is that it is worth $403,321, or +$812 since last month.

Vehicle Market Value: I own a 2015 Sentra, and I expect the valuation of the car to drop off monthly as that is what happens to most vehicles. This month the car lost -$615 of its value, after losing -$500 last month. You have to love depreciating assets?

Savings/Investments (Non-Retirement): Our savings/investments only grew by $294.37, which technically is negative growth since we contribute $600 directly from my paycheck every month.

M Roth and IRA (Retirement): This is my wife’s retirement fund from her prior jobs. We had forgotten about these funds and finally rolled them over to a professional money manager this month. We have added the figure to our overall net worth and will monitor its performance like we do all the other items on this list. Unlike my own retirement account (listed below), my wife’s retirement funds will no longer be actively contributed to since she is a stay at home mom currently.

D Roth 403(b) (Retirement): A 403(b) account is the public employee’s version of a 401(k). I make a nominal contribution of $125 per paycheck towards this account, and it currently has $8,940 and saw an impressive 7.3% jump from last month, after growing over 14% the month prior.

Total Assets Growth: +$58,470.96, or 12.87%

Liabilities:

Home Mortgage: We do not pay extra towards our mortgage (due to a low 4% loan rate), so this liability will see very minimal drops monthly. It lowered by our monthly principal pay-down amount of $546.

D School Debt: We’re currently not paying extra towards my students loans either, so the drop here since last month was only $303.29. I only graduated recently and am paying for my MBA loans. They were consolidated at 5% over 10 years.

M School Debt: This is my wife’s school debt. She only has a few thousand dollars left at 2.25%. 

Net Change: Our net worth grew almost $60K since last month, or 48% due to us initially tracking an asset we had not tracked before.