Home Personal Situation January 2013 Net Worth Update – Thank F’n God its Over!

January 2013 Net Worth Update – Thank F’n God its Over!

by My Journey to Millions

I am very excited to have made it out of January 2013 alive and without a drinking problem as it was filled with some great highs mixed in with some terrible, awful lows.   First, The Wife and I moved out of the home we started our family (and somewhere along the line became adults in) which we sold a month earlier (January 7th, 2013).  This lead to her going with my boy to her parents for 10 days and then coming back to Long Island joining me at my parents for the next 8 days.  During that time we closed on the house (January 18th) ; we didn’t move in right away because we had to wait for the movers to bring back our stuff from storage, painter to paint and carpet people to rip up and install new carpets (Moved in on January 25th).  On the same day we closed, we found out a couple hours later that The Wife’s Grandmother passed away (January 18th).  The following week (2 days after we officially moved into our house) we traveled about 4 hours to the wake and funeral (January 27th and January 28th) .  At the end of the wake The Wife stayed for an extra day while I rented a 12 foot truck to drive some of the furniture we were taking so they can live on in our new home.

I was hoping that this post, published on February 1st, 2013 was going to be when I could tell everyone in the blog world that The Wife was pregnant with our second child as we were supposed to have our 12 week appointment today (On January 31, 2013).  Instead on January 30, 2013 The Wife had some spotting so she made an appointment with the OB-GYN where we found out we had lost our child.  The pain is a bit less than the first time two and a half years ago mainly because it is hard to be sad when I have my boy to remind me not only is the end game possible its amazing when it happens.

Are you Exhausted yet? Because I am fucking drained. 

If all that wasn’t emotionally draining enough – writing this post is going to hurt.  Between attorney fees, title closing, furniture, new TV., etc. (each etc. seems to be 4+ Figures) I am positive that my net worth took a HUGE hit.  Will it rebound? Of course! Just going to take a while.

Calculating my Net Worth

My Assets

  • My Cash Savings Accounts – After 2 months of flux I think this account is back to its normal boring self, except it has been cut in a third! Ouch. Most of it has been turned into the illiquid asset of our home since I put 20% down.
  • My 401(k) – Just keep throwing part of my paycheck at my newly rebalanced and reallocated my 401(k).
  • 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 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 think I am just going to use my purchase price for the year.
  • My Traditional IRA – Been trading using my covered call strategy and I recently just bet against my first stock this month!  Will provide an update next week.

My Liabilities

  • My Mortgage – Last month, I didn’t have a mortgage but it is back with a vengeance!
  • 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! Wow.  So I have been throwing a lot on that card.  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 January 2013 to February 2013 my net worth increased decreased –13.58% (yup just threw up a bit in my mouth)
  • From January 2011 to February 2013 my net worth has increased 104.17% (down from 136.25%)

The shitty ass month that is January 2013 is behind me.  Time to refocus!

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slug 02/01/2013 - 10:46 am

First my condolences on your loss.

Second, congratulations on your investment. I know you’re mired in the details and a one-month hit to net worth that large is always hard to stomach, but your financial acumen gives me confidence in your move. I’m sure you’ll feel much better looking back next January.

Keep striving!

Evan 02/11/2013 - 10:58 am

Thanks, Slug! The house will be a good investment in terms of houses go…although I am not convinced home ownership is the best way to achieve wealth. Rather, there is something in our culture and probably genes that says we should do it lol

retirebyforty 02/01/2013 - 11:21 am

Sorry for the terrible January. I couldn’t even read about the finance update afterward. Hope you guys move in soon and things will get smoother.

Evan 02/11/2013 - 11:02 am

Life is already starting to get back to normal, 10 days later which is nice. Thanks for the well wishes!

Nunzio Bruno 02/01/2013 - 12:36 pm

Wow sounds like it was an intense month! I’m glad it’s over for you but at least from this blog post/update it looks like you have a ton of great stuff going on to off set some of the bumps. I’m excited to see how this month treats you guys 🙂

Evan 02/11/2013 - 11:04 am

Thanks Nunzio. I think/hope February will be better. So far it has been.

JC 02/01/2013 - 3:04 pm

At least it’s over and done with. That was way too many things to have happen, let alone in one month.

Evan 02/11/2013 - 11:06 am

Now add in that I am not a huge fan of change!

Lance 02/01/2013 - 7:34 pm

Sorry you had such a rough month. On the plus side you do have the new house though. Always need to look at the good when the bad keeps hitting you on the head.

Evan 02/11/2013 - 11:08 am

Been in about 10 days now, and the house is really starting to feel like a home. Thanks for stopping by!

Tricia Kolsto 02/02/2013 - 11:04 am

I am so sorry for your losses this past month. I pray that you have a fabulous February.

Evan 02/11/2013 - 11:21 am

Thanks Tricia, I really appreciate it.

Paul N 02/02/2013 - 10:19 pm

Thought I was on the financial uproar website for a second with all the F bombs. Sorry to hear about your bad month. Better times for you will arrive soon.

Evan 02/11/2013 - 11:23 am

HA Nelson has a way with words. I actually have a terrible mouth in real life out of the office (The Wife yells at me often for it), but try to keep it restrained on the site since these posts don’t go anywhere. Notwithstanding, had to just let it out on this one!

Cassi 02/03/2013 - 12:41 pm

I’m so sorry for your losses. I honestly have no idea what to say except that time will heal your pain and at least you have each other to help you get through this, and you will get through this. Stay strong and I pray you have a much better February.

Evan 02/11/2013 - 11:26 am

Thanks Cassi! We are 10 days or so deep and things are getting more normal which is nice.

STEVEN J. FROMM, ATTORNEY, LL.M. (TAXATION) 02/03/2013 - 4:23 pm

Wow. A really bad month. But the stock market has gone up a lot this past couple weeks and it sounds like your investments may have caught some of these gains. Keep making investments in these to the max. That is where your financial ascension juice resides. Keep doing what you are doing even though your have not been given great results to date.
Best wishes to you and your wife during your recovery from such a horrendous personal loss.

Evan 02/11/2013 - 11:27 am

Thanks for stopping by Steven. What kind of Taxation law do you practice? If you search around the archives you’ll see I am primarily involved in estate planning.

Steven J Fromm 02/11/2013 - 11:46 am

I do income taxes, trust returns, estate returns and tax representation. I am also an estate planning attorney. Check out my website for a ton of articles I have drafted in this area. Also my blog speaks regularly on these issues. Best to you, Evan!

CBB 02/03/2013 - 10:38 pm

Bloody Hell mate what a month for the both of you. I am so sorry for your loss and hope that moving forward you both have some positive in your lives and the pain heals.

Evan 02/11/2013 - 11:39 am

Thanks CBB. Out of curiosity are you originally from Canada? Just asking b/c of the bloody hell mate

Integrator 02/05/2013 - 6:27 pm

My sympathies. Really puts the personal finance stuff into perspective.

Evan 02/11/2013 - 11:40 am

100% does put everything into perspective. That world takes a backseat when tragedy hits. As it should. Thank you for the sympathies.


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