Home Personal Situation January 2013 Net Worth Update

January 2013 Net Worth Update

by My Journey to Millions

We are a couple days into the new year and it is about time to calculate how I did in 2012.  I have been tracking and sharing my net worth since the beginning of 2011.  Each month I come on here and provide my change in terms of month over month, year to date and since Jan 2011.

I had set a reach goal of increasing my net worth by 50% in 2013, and I am positive even before tallying up the final numbers that I didn’t hit it.  The main reason I don’t believe I hit the goal has to do with my house sale.  In converting that asset to cash I took a percentage point or two lower than what I had it valued all year, then I had to pay out the non-profit that runs the neighborhood 1%, then I had to pay my attorney, etc.   With all the “hidden” costs it makes me wonder how people flip houses, but I digress.

Calculating my Net Worth

My Assets

  • My Cash Savings Accounts – This account is usually just sitting in ING but I have more money than I have ever had in my joint checking account waiting to sign over the next 10% to our sellers.  In addition I have the remaining amount from operation horde cash still in our ING account.  There has already been tremendous waste on the sale side I can only imagine what kind of waste I am in for on the buy side!
  • 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 empirehut.
  • Home Value – For the first time since I started this blog I don’t own a home.  So I replaced this category with the 10% already in escrow for the new home.  That 10% will meet its cousin the second 10% hopefully by the end of the month.
  • My Traditional IRA – Been trading using my covered call strategy.  I recently made some sales and am waiting for one more to expire at the end of the month to buy one or two more and provide an update.

The liabilities I include are:

While I normally only have 2 main, but significant, liabilities (mortgage and student loans) since selling the house I don’t have a mortgage! Nice feeling but hopefully won’t last lol.  So the only liability I have right now is my law school loans although I recently paid off the much smaller of the loans.  Next month I should have my mortgage back in the mix as well as some new credit card debt (at 0% of course).

My Net Worth Growth

  • From December 2012 to January 2013 my net worth increased Decreased -1.76%
  • My Net worth Increased in 2012 36.74%
  • From January 2011 to January 2013 my net worth has increased 136.25%

I have a lot going on next month in terms of money shifting around so it’ll be interesting to see where all the chips fall:

  • Part of my bonus has moved through to assets that I don’t count (my sole checking account) to assets that I do count (investments, savings, etc), but not all of it yet.
  • The house purchase should be completed
  • I will not be paying utilities for a few weeks as I don’t have a home
  • I should get back some of my escrow from renting my own home from buyers

How did you do this month?

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Joe 01/04/2013 - 12:55 pm

SOrry you didn’t hit your 50% goal, but 37% is still awesome.
I just posted my financial update for 2012 too.
Our net worth increased 25%. That’s a lot more than I expected. For 2013, I have a much more modest goal – 7% increase.

Evan 01/23/2013 - 11:06 pm

A net worth increase while you are spending so much time with your son is AN AMAZING FEAT!

Lance 01/04/2013 - 2:24 pm

37% is nothing to be ashamed of! Congrats on such a large increase!

Evan 01/23/2013 - 11:06 pm

Not ashamed just thought I could do better. I think the number is going to be harder and harder to meet since I will be more and more dependent on the market.

Have you tracked your net worth?

JC 01/04/2013 - 4:53 pm

A 37% increase is still a really good year. Congrats on a great year and best wishes in 2013!

Evan 01/23/2013 - 11:07 pm

Thanks JC!

James 01/05/2013 - 10:51 am

Like the others have said – 37% is awesome. Congratulations.

Evan 01/23/2013 - 11:07 pm

Thanks James. Do you solely focus on passive income when tracking your gains?


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