May 2015 Net Worth Update

//May 2015 Net Worth Update

May 2015 Net Worth Update

Starting in April (so, last month) I decided I was going to proactively do at least one thing to better my personal finance situation at the most basic of levels.  In April, I priced out and switched up my home and auto policies saving $1,000 a year for literally 20 mins worth of work.  That’s a win!  Back to the point at hand though – 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.   In the Greek culture a Christening is a pretty big deal, and to the dismay of The Wife, I had a pretty big party to match.  I have to focus getting it back up as quickly as possible.
  • 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.  I am done with it – and will roll out when I can.

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 April 2015 my net worth decreased 1.46%
  • For 2015 my net worth has stayed relatively even at -.52%
By | 2015-08-13T09:54:57+00:00 May 4th, 2015|Personal Situation|0 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

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