April 2013 Net Worth Update

by Evan

For the first time in 2013 I finally had a positive net worth growth month over month.  This has been particularly painful for me since I only had one or two months of down months in all of 2011 and 2012.  Hopefully this isn’t the last month of positive growth for 2013!

Calculating my Net Worth

My Assets

  • My Cash Savings Accounts – I only really count my long term savings account/Emergency Fund.  This month I am going to come up with my optimum amount that I want to keep in cash.
  • My 401(k) – Just keep throwing part of my paycheck at my 401(k) even though I sort of hate my 401k.
  • Random Non-Qualified Investment Accounts
  • 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 empirehut.
  • 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 think I am just going to use my purchase price for the year and worry about it next year.
  • My Traditional IRA – Been trading using my covered call strategy and earlier this year I bet against my first stock!

My Liabilities

  • My Mortgage – I can’t believe the amount of principal paid in one month when compared to my last mortgage.
  • Law School debt – While I recently paid off the much smaller of the loans I have a while before this category makes any significant moves.
  • Credit Card debt!

I haven’t had credit card debt in 3 or so years, but with all these new purchases I knew it was coming.  I called up all my dormant credit cards to see what they could do in terms of 0% on purchases.  One of them offered me 0% until June 2014!  The Wife and I have been using that card as our main card since I am thinking about breaking up with American Express.  Last month, I was concerned whether I was just treading water or making progress on the principal.  I am happy to say that even though the card is being used for our day to day expenses I still took an extra 10% off of it.  While I have the liquidity to pay off the debt I prefer not because I respect liquidity way too much and the debt is at 0%.  The debt isn’t as much as when I started this blog (~$18K) but it is a good amount.

My Net Worth Growth

  • From March 2013 to April 2013 my net worth increased 5.07%
  • Year to Date my net worth is still down 10.51%.

I am worried to see what will happen to the net worth if the market has a correction.

How was your month?

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Cassi April 2, 2013 - 12:09 am

Nice job being in the positive! Hopefully your debt will be taken care of soon!

Evan April 4, 2013 - 11:58 am

Slow and steady – its all at 0% so not the biggest of deals.


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