LegalTeam's Net Worth for August 2023


Assets Value Change ($) Change (%)
Cash $112,975 ($149,393) (56.94%)
Stocks & Crypto $29,327 ($32,083) (52.24%)
Company Stock & Options $328,578 ($64,780) (16.47%)
Annuities Whole Life $372,583 $2,393 0.65%
Retirement $3,623,643 ($154,707) (4.09%)
529 Accounts $346,125 ($3,017) (0.86%)
Home $2,537,000 - -
Beach House $1,588,360 $1,588,360 -
$8,938,591 $1,186,773 15.31%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $1,696,336 ($4,040) (0.24%)
Beach House Mortgage $1,388,750 $1,388,750 -
Credit Cards $0 - -
Total Debts $3,085,086 $1,384,710 81.44%
Net Worth $5,853,505 ($197,937) (3.27%)
*All values shown in USD ($)
Notes:
Houses updated to include basis, below Zillow value
Cash is net of credit card and personal loan debt. If Credit Card debt is a positive number (and cash = 0), such debt exceeds current cash on hand.

$1M NW at age 40; $2M NW at age 43; $3M NW at age 45; $4M NW at age 46; $5M NW at age 47; $6M NW at age 49

Comments

9/3/2023 5:45:54 PM LegalTeam
Purchased vacation home this month. Cash and other liquid assets used for down payment.
10/10/2023 11:42:44 AM girlnextdoor
How did NW climb so quickly in your 40s?
10/10/2023 11:37:08 PM LegalTeam
Hello - I’d say it’s mostly attributable to consistently high double income, maximizing retirement contributions every year for 20 years, access to additional retirement vehicles like cash balance pension plans, stock market performance, and high real estate values