investorman's Net Worth for December 2019


Assets Value Change ($) Change (%)
Cash $78,000 ($30,000) (27.78%)
Stocks $0 - -
Bonds $0 - -
Annuities $0 - -
Retirement $329,000 $18,399 5.92%
Home $300,000 - -
Other Real Estate $1,486,750 $25,000 1.71%
Cars $63,550 $29,650 87.46%
Personal Property $20,000 - -
Other Assets $0 - -
$2,277,300 $43,049 1.93%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $140,633 ($867) (0.61%)
Other Mortgage(s) $969,464 $12,264 1.28%
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $4,857 ($158) (3.15%)
Other Debts $0 - -
Total Debts $1,114,954 $11,239 1.02%
Net Worth $1,162,346 $31,810 2.81%
*All values shown in USD ($)
Notes:
Finally relented and purchased a new truck this month. Plan is to sell my old one in the next month so should see cash go back up a bit. I was very resistant to make such a large purchase...always thought of vehicles as the absolute worst "asset" ever. But then I reminded myself...they are still an asset. And yes...they may decline every month but they still allow me to make more money and lead a more productive life. And since we purchase only used, Toyota/Lexus vehicles (which hold a very strong resale value) I can pretty much calculate exactly what they will be worth in 3/5/7 years. It's crazy honestly. So they really aren't a one-time expense (like I have been thinking)...rather they are just a productive asset that is being depleted. For some weird reason once I accepted this it was much easier for me to pull the trigger on purchasing myself a new truck...plus my wife wouldn't relent. :)

Because of the lack of solid financial deals in the RE world, considering switching to debt pay down strategy. If I apply all the free cashflow dollars we can start with 1 paid off house in 2020 and then pay down 1 more every year. Rent increases would add to this timeframe. Could be mortgage free for our own home and have 8 mortgage free investment properties at age 48.

Projecting for Dec...debt-to-assets = 48.91%


Goals for 2019: 1 - Acquire 10 new rental units. 2 - $11M total real estate sales. 3 - $1M net worth by my 40th birthday.

Legend:"Cash" = all cash less tax reserves "Bonds" = Personal Emergency Fund"Annuities" = Investment Property Savings (minus security deposits)"Other Assets" = Business IOU"Other Real Estate" = Investment Properties (current market values)"Other Mortgage" = Investment Property Mortgages

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