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Net Worth June ’17

SUMMARY: A bit of a low key month in terms of gains, but you won’t hear me ever complain about being in the black.  This month’s increase of ~$2.5k is primarily driven by the stable cash value growth in my life insurance policies with help from debt reductions on my credit cards and life insurance loan.  Keep on, keepin’ on.

 

LIQUID ASSETS

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

  • -$234.88 decrease due to normal monthly credit card balances and other loan payments

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

  • +$169.63 $150 monthly automated deposit from my checking + interest

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

  • +$2,833.99 monthly premium increase

Stocks

  • +$275.49 flat market movement

Real Estate Earnings – PeerStreet monthly interest earnings

  • -$2.05 cash flow payment timing

NON-LIQUID ASSETS

Retirement  – 401(k), IRAs, Pension

  • -$117.95 flat 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

  • -$1,904.71 Loan receivable payment increased slightly by an increase in Peerstreet basis for new investments

LIABILITIES

Credit Cards – two cards with great rewards

  • -$642.92 pay down of last month’s charges

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

  • -$835.53 loan decrease due to extra pay down and additional premiums paid

8 comments

  1. Do you have an article talking about your insurance policy? I’m a little confused on the loan aspect of it.

    • Erik, it is to be released within the next week or so. Life insurance, in general, is a very sore subject for most and quite complicated. That being said, I hope to shed some light on how I have been benefiting from the loan feature.

  2. Nice update! Keep up the great work! Love seeing these types of posts. They are very inspiring!

  3. I hear you about not complaining about an increase. Still I think we all want to see large numbers on the upside every time we look at our net worth.

    This sideways market the last month didn’t help. I have seen some good growth in my international investments though.

    • It can always be worse. The large jumps don’t come for quite sometime when the portfolios have matured.

      Nice diversification on the international side.

  4. I know what you mean about not being unhappy about being in the black! Even if it’s $200 increase from the previous month I’m pretty happy. Nice update!

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