We wrapped up the year getting to a physcological milestone – our net worth finally hit $600k this month. Its been about a year and half since we first hit a net worth of $500k.
|
Assets |
Nov-09 |
Dec-09 |
Change |
% |
|
Cash & Savings |
$ 15,680.50 |
$ 16,327.90 |
$ 647.40 |
4.13% |
|
Taxable Brokerage Accts |
$ 111,950.41 |
$ 112,411.10 |
$ 460.69 |
0.41% |
|
Roth IRAs |
$ 48,369.57 |
$ 49,835.89 |
$ 1,466.32 |
3.03% |
|
Pre-tax Retirement Accts |
$ 193,704.25 |
$ 194,639.68 |
$ 935.43 |
0.48% |
|
Stock Options |
$ 26,400.00 |
$ 30,039.99 |
$ 3,639.99 |
13.79% |
|
ESPP |
$ 21,291.82 |
$ 21,961.79 |
$ 669.97 |
3.15% |
|
House #1 – Rental |
$ 160,000.00 |
$ 160,000.00 |
$ - |
0.00% |
|
House #2 – Rental |
$ 128,225.00 |
$ 128,225.00 |
$ - |
0.00% |
|
House #3 – Sold |
$ - |
$ - |
$ - |
0.00% |
|
House #4 – Primary |
$ 300,000.00 |
$ 300,000.00 |
$ - |
0.00% |
|
Receivable (Payable) |
$ - |
$ - |
$ - |
|
|
Other Assets |
$ - |
$ - |
$ - |
|
|
Total Assets |
$ 1,005,621.55 |
$1,013,441.35 |
$ 7,819.80 |
0.78% |
|
Liabilities |
|
|
|
|
|
Credit Card Balances |
$ (2,571.93) |
$ (2,218.29) |
$ 353.64 |
-13.75% |
|
House #1 Mortgages |
$ (135,132.11) |
$ (135,132.11) |
$ - |
0.00% |
|
House #2 Mortgages |
$ (24,318.68) |
$ (20,963.35) |
$ 3,355.33 |
-13.80% |
|
House #3 Mortgages |
$ - |
$ - |
$ - |
0.00%! |
|
House #4 Mortgages |
$ (238,882.55) |
$ (237,954.47) |
$ 928.08 |
-0.39% |
|
Rental Deposits |
$ (4,657.72) |
$ (4,657.72) |
$ - |
0.00% |
|
Additional Tax Liability |
$ (10,032.00) |
$ (11,415.20) |
$ (1,383.20) |
13.79% |
|
Other Liabilities |
|
|
$ - |
|
|
Total Liabilities |
$ (415,594.99) |
$ (412,341.14) |
$ 3,253.85 |
-0.78% |
|
$2million Goal Progress* |
$ 528,909.11 |
$ 539,054.68 |
$ 10,145.57 |
1.92% |
|
Net Worth |
$ 590,026.56 |
$ 601,100.21 |
$ 11,073.65 |
1.88% |
Highlights for December
- All credit card debt (except current month’s purchases) is in the form of 0% APR balance transfers earning interest in my savings accounts. We paid off the last of our 0% balance transfers in January. The well has dried up for now, but we are ready to take advantages if any offers come our way.
- We track our real estate properties according to our cost basis.
- From a cash flow perspective things are tight, but improving. Down to a single income with a bigger house and bigger family are making monthly expenses higher and there isn’t a pile of cash left over at the end of the month. However, now that we have sold House #3 (townhouse) we should have more free cash at the end of each month going forward.
- December was a poor month for our stock investments as our benchmark soundly beat our holdings. I’ll post our December investment update soon. We sold off a couple of our stock holdings as the year wound down.
- Holiday spending for us increased as we now have a little one to spoil. I think we spent around $600 on gifts this year. We also took a lengthy road trip to visit family during the holidays spending about $250 in gas.
