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Net Worth Apr ’17

I know what most of you are thinking, how could you lose $80k of net worth in a single month without a significant market crash or correction?  This my all apart of financial strategy for a tax-free retirement.  Stay tuned for the revealing post.

 

LIQUID ASSETS

Checking – cash purposed for managing day-to-day and monthly expenses

  • +$5,993.18 increase is due to month-end timing of salary payment and paying off credit cards

Savings – cash purposed for the next 3-5 years (wife’s tuition, house down payment, emergency etc)

  • -$3,330.23 school tuition payment for wife’s new career and pay off her credit cards

Life Insurance – cash (surrender) value of policies purposed for strategic investment opportunities 

  • -$38,921.54 $40k loan from existing cash value to fund 2 new policies, offset slightly by from monthly premiums, dividend interest and loan repayments (this is part of my tax-free retirement strategy)

Stocks

  • +$7.89 flat market movement

Real Estate Earnings – PeerStreet monthly interest earnings

  • +$0.78 flat with consistent monthly interest earnings 

NON-LIQUID ASSETS

Retirement  – 401(k), IRAs, Pension

  • +$638.79 market movements

Other – represents my cost basis in illiquid investments such as PeerStreet principal investment, Mrs. Church’s wedding rings, apartment security deposit, and an outstanding loan receivable

  • -$499.38 Loan receivable payment

LIABILITIES

Credit Cards – two cards with great rewards

  • +$3,470.75 stupid spending, nothing more to say about that

Other – life insurance policy loans used to fund strategic investment opportunities

  • +$39,940.49 loan increased due to opening of two new policies 

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