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Net Worth May ’17

Summary: After decreasing $80k last month, picking up $12k (or 2%) is a dream come true.  As mentioned in the April ’17 update, this was a well calculated move in my portfolio and took me 15 years to get to this point (started at 22 yrs old).  The next 3+ years, we will be grinding out small additions to our Net Worth while my wife attends school for a new career and we continue to live off one income in New York City.  Given the strategy move in April, I would expect Net Worth to be around the $800k marker in the next 3-4 years.

LIQUID ASSETS

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

  • -$898.56 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)

  • +$4,150.00 $4k of tax refund put from school tuition withdrawal + $150 automatic monthly deposit from checking

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

  • +$1,712.66 $1k of loan repayment + monthly premium increase

Stocks

  • +$194.55 flat market movement

Real Estate Earnings – PeerStreet monthly interest earnings

  • +$18.12 new investments made in late April were paid  

NON-LIQUID ASSETS

Retirement  – 401(k), IRAs, Pension

  • +$3,089.30 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

  • -$307.62 Loan receivable payment increased slightly by an increase in Peerstreet basis for new investments

LIABILITIES

Credit Cards – two cards with great rewards

  • -$2,728.98 pay down of last month’s stupidity

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

  • -$1,349.70 loan decrease due to extra pay down and additional premiums paid

2 comments

  1. Mustard Seed Money

    A 2% bump your net worth is a huge cause of celebration. I am trying to increase my net worth by 2% each month. With the hopes that it gets me over 25% increase in net worth for the year 🙂

    • I agree, anything positive, even the smallest of increases is a good thing. As I am constantly reminded, baby steps…patience…

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