February 2012 Net Worth Update

With another month in the books it is time to do my net worth update.  Considering how well this experiment has gone recently it is hard for me not to get excited about writing this post at the beginning of each month.  Just as a reminder, I started this net worth experiment a little over a year ago – in January of 2011 I took my net worth (Assets minus Liabilities) and zeroed out the result and then have shared my growth.

Some people love to see how I am doing, some people hate that it doesn’t provide prospective as to whether I am increasing my net worth by $100 bucks this month or $10,000 since I am only sharing percentages.  I completely understand their annoyance, but isn’t this sharing better then no sharing at all?

Calculating my Net Worth

The assets I include are:

  • My Cash Savings Accounts
  • My 401(k)
  • Random Non-Qualified Investments Accounts
  • The Wife’s Roth IRA
  • My favorite personal finance item, my small but Awesome Dividend Investment Portfolio
  • Value of my House
  • My Traditional IRA

The liabilities I include are:

What is missing?

  • Car loan  – Paid it off about 9 months ago
  • Credit Card debt – Don’t  have any except a revolving AMEX account so no reason to put it up
  • Checking Accounts – Always changing and moving kept low on purpose so no reason to track it
  • Cars – Wife’s is leased and I don’t consider mine an asset

My Net Worth Growth

  • From January 2, 2012 to February 1, 2012 my net worth has increased 7.64%
  • Year to Date number is obviously same as above.
  • From January 2011 to February 2012 my net worth has increased 85.97%

How did you do so far in 2012? Please share your links below!

22 Responses to February 2012 Net Worth Update

  1. I won’t complain about the percentages, but it is tough to get a sense of scale. Did you go from $1 in Jan ’11 to $1.87 in Feb ’12? I doubt it, but small numbers can juice the returns, haha.

    I think you’ve got to share only what you’re comfortable with, and I think you’re toeing the line correctly.

  2. 2012 is shaping up to be pretty awesome. Got back from being out of the country for a little bit and adopted a puppy. (Costly but totally worth it!)

  3. I never really tracked my net worth. I don’t know if I will truly ever track it. I looks like you are doing well even though its just from percentages stand point. I tend to track cash vs debt only. Great job though hopefully this year sees a lot more increases. Cant wait til i pay off my student loans.

    • I was a debt tracker only until last January – this has really kept me motivated and makes it easier to have a convo with The Wife about where we are financially

    • That’s fantastic work! 9% YTD is unreal.

      A lot of my gain was from the market, but I also saved an amazing amount of pure cash for the future down payment.

  4. Since we retired and the market dropped in 08 we have been lucky to maintain our net worth at a consistent level.

    We track net worth, not only to see what we have, but also so we can understand potential estate tax issues and deal with them.

    Did you know that the IRS will include your life insurance in your net worth if the policy is in your name?

    • “Did you know that the IRS will include your life insurance in your net worth if the policy is in your name?”

      I think you mean your taxable estate and that is under IRC 2042. You can do cross ownership with a spouse or an ILIT to get past that.

  5. Guess. lol.

    Evan, does this blog earn you any money?

    have you considered changing the look of this blog? just a thought.

      • The placement of the ads along with the color scheme is very distracting for me. Sometimes when I come to your page it feels like I’m walking into one of those popup windows. Maybe a darker color and changing the placement of ads. Maybe I’m the only one who feels that way.

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