For the first time in two and a half years I failed to update my net worth (either on my spreadsheet or on this blog). The fantastic summer I have had this year has really derailed me in both in terms of keeping up with my blog and my personal finance goals. Now that it is September first it is time to refocus and regain control.
For the first time in a few years I have enough debt where it is bothering me. While I have the liquidity to pay it off, most of it is at 0% so I am going to slowly pay it off for now. If history is any indication of my behavior I will likely one day wake up and decide to just pay it off, but I will create a debt pay off plan for the time being this week. With outstanding short term debt I don’t think I am going to continue tracking and sharing my short term goals until all credit card debt is gone.
Calculating my Net Worth
- My Cash Savings Accounts – I only really count my emergency savings since everything else is ear marked to be spent elsewhere.
- My 401(k) – Just keep throwing part of my paycheck at my 401(k) even though I sort of hate my 401k. For the past few months I have been buying and selling within this account…I just posted my actual returns from this pure market timing technique.
- Random Non-Qualified Investment Accounts – This thing has TUMBLED but I am proud to announce I am DONE with gambling on penny stocks. My gambling will be kept to casinos (and some of my holdings in my investment club).
- 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
- 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 am just going to keep using my purchase price for at least the next year.
- My Traditional IRA – I started to actively trade this account lol. Not proud. I just made the financial confession that I was speculating in some really shitty stocks. I am done with it – and will roll out when I can.
- My Mortgage – Every so often I think about putting money towards the mortgage but I always back off.
- Law School debt – A while back I paid off the much smaller of the loans I have a while before this category makes any significant moves.
- Credit Card debt – I will providing a detailed report sometime this week, this amount is now sizeable and should be eliminated quickly.
I know I have mentioned it a few times but the credit card debt is pretty annoying. I think this month I will eliminate most of the smaller accounts so I just don’t even have to pay attention to them even though they are at 0%. We’ll see how this month goes in terms of expenses and earnings.
My Net Worth Growth
- From July 2014 to September 1st my net worth decreased 2.6%
- Year to date I am up 5.67%
Weird to think about but the next time I update my net worth I should have a daughter! Wow.