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July 2015 Net Worth Update

//July 2015 Net Worth Update

July 2015 Net Worth Update

Starting in April I decided I was going to proactively do at least one thing to better my personal finance situation at the most basic of levels.  This provides me the opportunity to get back to the roots regarding my personal finance situation.  It is easy to take your eye off the ball after running a PF blog for 8 years! In June The Wife and I did some number crunching and decided that we are not going to renew my dog’s pet insurance.

At the beginning of each month I calculate the increase or decrease in my net worth month over month and year to date.  I am not comfortable putting the actual number out on the internet for all to see, so what I did a few years ago was create my spreadsheet and zeroed out the net worth so that just the gain is being published.

Calculating my Net Worth

My Assets

  • My Cash Savings Accounts – I only really count my emergency savings since everything else is ear marked to be spent elsewhere.  This number was where I wanted it for about 18 months, but in April I had my daughter‘s Christening so I ate into this amount then as I started to build it back I had some house set backs.
  • My 401(k) – Just keep throwing part of my paycheck at my 401(k) even though I sort of hate my 401k.  For the past few months I have been buying and selling within this account…I just posted my actual returns from this pure market timing technique.
  • Random Non-Qualified Investment Accounts – This thing has TUMBLED but I am proud to announce I am DONE with gambling on penny stocks.  My gambling will be kept to casinos (and some of my holdings in my investment club).
  • Wife’s Non-Qualified Account – In this monthly post for the past few years I would lump this in with the random qualified accounts, but this is not how I kept my records.  So I have partitioned it out for future posts, and recaptured some Disney stock which was in a UTMA account for The Wife despite her being 34 years old.  The “recapture” created a noticeable big bump in November of last year.  In addition to her $DIS stock she owns 2 broad based index funds.
  • The Wife’s Roth IRA – This account only holds to 2 funds. An index fund of the market and a dividend paying fund.
  • My Dividend Investment Portfolio – Easily my favorite part of my financial empire hut.
  • Home Value – A lot of bloggers seem to stress over home value.  In my old place I just rounded to a number that I thought I’d sell for (I was off by less than 1%).  I am just going to keep using my purchase price for at least the next year or two.  No real reason to worry about it as I am not going anywhere any time soon.
  • My Traditional IRA – I was actively trading this account also, but I made the financial confession that I was speculating in some really shitty stocks.  Currently, I am buying well known names for this account ($HOG, $MSFT, $DIS). 

My Liabilities

  • My Mortgage – Every so often I think about putting money towards the mortgage but I always back off.
  • Law School debt – A while back I paid off the much smaller of the loans I have a while before this category makes any significant moves.
  • Credit Card debt – All at 0%

My Net Worth Growth

  • From May 2015 my net worth barely moved increased .10%
  • For 2015 my net worth has stayed relatively even at .36%

How was your month?

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By | 2015-08-10T23:13:44+00:00 July 2nd, 2015|Personal Situation|4 Comments

About the Author:

Evan is the owner of My Journey to Millions which was started to track his journey from a broke debt ridden law school graduate to building a positive balance. Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

4 Comments

  1. Money Beagle July 2, 2015 at 1:26 pm - Reply

    I always calculate my net worth on or around the 7th of the month, mostly because I have all my major payments go out around the 1st (mortgage, credit card, etc.) and that seemed to be the time when everything was guaranteed to have finally cleared. So, I haven’t done my calculation for the month, but I’m guessing it’s going to be largely unmoved as not a whole lot changed one way or another.

    • Evan July 5, 2015 at 8:45 pm - Reply

      Very interesting idea! The first just seems the natural date to do these updates, but it does not make the most sense in terms of debits and credits.

  2. Retire29 July 3, 2015 at 3:04 pm - Reply

    Evan,
    Are you concerned your NW is flat on the year? Markets have been stagnant, but I would expect that new capital and reinvested diva would keep the train churning higher–even if just a little bit.

    Just wondering. Thanks for sharing!

    Eric

    • Evan July 5, 2015 at 8:24 pm - Reply

      It is not a concerned thing as much as an anger/annoyance feeling! It is flat despite new capital and set long term debt repayment (school loan and mortgage). Just a ton of unexpected expenses this year thus far. Very annoying! I have to step it up – thank you for the kick in the ass.

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