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Net Worth Oct ’17

SUMMARY: Market movements drove this month’s NW increase as well as focusing on paying off 50% of my credit card balance.  Otherwise, it was a typical month of consistent savings and debt reduction.

LIQUID ASSETS

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

  • +$240.88 paid off 50% of the credit card balance

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

  • +$3,740.54 $150/month automated savings from checking account + transfer from PeerStreet account

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

  • +$5,358.96 monthly premium + loan repayment + policy growth

Stocks

  • +$958.77 market movement

Real Estate Earnings – PeerStreet monthly interest earnings

  • -$482.38 cash reinvested into a new property investment

NON-LIQUID ASSETS

Retirement  – 401(k), IRAs, Pension

  • +$5,620.53  market movement

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

  • -$2,845.78 Peerstreet principle was paid back + interest and transferred to savings account (see “Savings” above)

LIABILITIES

Credit Cards – two cards (Amex & Visa) with great rewards

  • -$1,609.65 focused on paying down CC balance

Lease Obligations – Apartment lease, storage unit, gym memberships etc

  • -$4,150.00 contractual monthly costs 

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

  • -$235.80 loan decrease due to loan repayment made

2 comments

  1. Can’t have much to complain about with positive movement! Why do you mix in cash flow items (i.e. real estate cash flow and lease obligations)?

    • You’ll never hear me complain about positive movements, not matter how insignificant!

      Great question about the cash flow items. The real estate cash flow line item represents my PeerStreet “cash” account that I can access immediately, hence a liquid asset much like a checking account. The principle amount invested in the PeerStreet properties are in my non-liquid assets since there is no real market to facility a settlement of that holding should I want to exit.

      The lease obligations are items that I am contractually bound to, which I am showing as debt. Sadly, I view my NW as a liquidation of my estate holdings and conservatively show a reduced NW for payments of these debts.

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