Hey fellow geeks, I’m excited to provide a month-end summary of our net worth for April, 2017!
Over the last three months, our net worth has increased by $38,992 (+10.20%), growing from $382,000 to $422,000.
I typically receive a bonus ($7,000-$8,000 after taxes) at the beginning of each year. However, it throws off forecasting so, removing that, I am currently averaging $10,400 of monthly growth.
That’s enough to put us over the half million dollar mark by the end of this year. We’ll see what the stock market has to say about that.
Let’s cover the changes by category.
Change in Assets
Cash – While cash increased over $1,360 (+7.19%), it really didn’t all that much. We’ve got a $1,200 credit card bill that’s waiting to be paid so it’s almost a wash.
Coverdell ESA – We’re putting away the standard ESA max amount of $2,000 spread over 12 months. Naturally, we added our own $166.66 (+2.31%); however we saw market growth of $81.55 (+1.12%)
Brokerage Accounts – We added $3,300 (+5.27%) of our own cash to these accounts last month, but it increased overall by $4,421 (+7.06%). So we saw about $1,121 (+1.79%) of stock market growth.
Retirement Accounts – We added $2,366 (+1.44%) of our own cash (including my employer match) to these accounts, but it increased overall by $5,259 (+3.20%). So, we saw about $2,893 (+1.76%) of stock market growth.
Home – The real estate market in my area isn’t doing a whole lot. Overall, sales prices in my market decreased by 5% last quarter.
Cars – I’ve begun using straight-line depreciation for my cars since I don’t like having to look up my car values each month. I’m using my cost as well as a 15 year usable life for each car. Since I buy my cars between 5 and 10 years of age, this should be more aggressive than actual value depreciation. It amounts to -$118 each month.
Personal Property – I bought some optics for my rifle… *thumbs up* … I do enjoy recreational shooting. I’m not an expert or a fanatic, but it’s a fun way for me to get out of the house and do something that requires focus and discipline.
Change in Liabilities
Credit Cards – I hadn’t paid the credit card as of the time of this post, these expenses amounted to gas, travel, food, car repairs, and a learning materials for real estate investment. All of these expenses have a home in one of my checking accounts.
- We are currently saving about $5,832.66 a month
- We saw stock market growth of $4,095.55 in April
- We live on about $2,820 a month (including healthcare premiums)
- That’s $33,840 annually
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Until next time!