This is my official Net Worth Update for July 2015. Below are my actual numbers for ALL my investments and liabilities as of 7/26/2015. Explanations and quick summary below chart.
NET WORTH: $330,273
Quick Summary: +$11,734
My net worth grew by $11,374. I was actually expecting a smaller increase due to a bunch of unusual costs I had. This month I had to replace a Fence on one rental and an Oven on another rental. Not to mention I took a vacation out of the country. This is very pleasing to me to see it grow but to be honest the only reason why it grew so much was because of my company stock options from my day job. It continues to go up and it is really making an impact on my net worth. I mean don’t get me wrong, I dread working a day job but this is clearly one of the perks of having a day job so I will not take it for granted and enjoy these perks for now.
Assets: Explanations of each of my assets.
This constitutes two different checking accounts. My normal checking account and my REI (Real Estate Investing) checking account. This is literally only the 3rd month I have ever been tracking my net worth and all my financials and I am quite surprised to see my cash go up this much. I’m receiving a good amount of cash flow from the rentals, receiving payment from a personal debt I had loaned out and with my day job income, this is all what is constituting for this increase. Very Satisfied!
HSA account: +$100
My HSA deductible is $1300 for the year so with that being said I am only taking a very small amount out from my dreadful day job paycheck to fund this account. Any money after that deductible will just sit in that account not making me money. I know I can use the money that I don’t put in there to get better returns as long as I invest it in more real estate. This number should increase each month a tiny bit. Satisfied!
Company Stock Options: +6,184
These are stock options from my day job. I am fully vested. This number can go up and down it has pretty much just always kept going up. It went up a significant amount just in this past month and it makes me very happy. I’m anticipating on these stocks to continue to grow based on the fact that is has never decreased. I am not planning on cashing these out unless it’s an emergency situation. Extremely Satisfied!
I made an executive decision awhile back to take money out of my 401k and no longer contribute any more money to it. Mainly because I do not get matched contributions from the dreadful day job. But also because I KNOW I can make better returns using that money on rental properties. I really don’t like the idea of having an account that punishes me to take money out because of age. I am not surprised that this number went down and I honestly have no idea what it will do in the future. I suspect it won’t significantly impact my net worth. Not Satisfied!
Property # 1
This is my primary residence. The market I live in is extremely hot and I expect the appreciation on this house to continue to grow however I will only update the market value once a year, the next time being probably at the end of 2015. I have it listed as a conservative $240k right now based on MLS comparisons in my neighborhood. If I were to sell it I know I could get at least 250k for it but ill stick with 240k for the spreadsheet to be safe. Satisfied! Here are more details on this future investment property.
Property # 2
This is my first rental property. It used to be my primary residence. I expect gradual appreciation from this property as well because it is in the suburbs of this HOT market I live in. Love me some HOT markets! 150K is about what its worth now based on MLS comparisons. I will update the market value of this property in the spring of 2016. Rent paid in full and on time. I replaced the oven on this rental this past month and the tenant is still paying on time and appears to be a happy camper. As am I! Satisfied!
Property # 3
This is my first turnkey rental property I purchased out-of-state. I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only. Rent paid on time. No repair or issues reported this past month. Tenants are happy, my PM is happy and I’m happy. Satisfied!
Property # 4
This my 2nd turnkey rental property. I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only. Rent paid on time. The tenant asked me to put in a new fence for their dog and I did. It didn’t cost a lot of money and I want to keep the tenant happy. Plus I know this fence will come in handy for future tenants. Satisfied!
Property # 5
This is a note that I own from a house that I sold via owner finance. Mortgage paid on time. No issues. If you notice though, the reason why this asset will continue to go down from the spreadsheet above is because it is a note and the principal balance on it goes down each month as the buyer pays me. Remember, I’m the lender on this one. Satisfied!
Property # 6
This is my newest rental, just purchased it in early June and I absolutely love this house. I got paid July’s rent payment on time and I still have not had to pay a mortgage payment on this one because I only closed on it in June. First mortgage payment is in August. So for two months, I get to see extra cash flow on this. Pretty awesome! No repairs or issues for July. Satisfied!
Liabilities: These are self-explanatory so I wont dive too deep into these however I would like to include the items below for informational purposes.
I only use one credit card (rewards card) that I use to purchase my everyday expenses. I pay this off in full every month. I am receiving 1.5% cash back on this card and am very pleased with it. Satisfied!
I purchased this vehicle before I had the proper knowledge on how to be totally awesome with finance and investments so that is the only reason why I have this loan. If I knew then what I knew now, i would have purchased a used vehicle all cash. It is not worth it to me to pay this loan off because the interest rate on this loan is 2% and I would rather use that money to buy more rentals where I will make a much greater return. I will continue to pay it down slowly. Satisfied!
Last 30 days net worth graph from Personal Capital
Consistent growth through out the month with a few dips but overall, it’s heading in the right direction! WhooHooo!
If you want to set up and track your net worth online like I do, create a free account Personal Capital. **Affiliate Link**