mtthomso's Net Worth for April 2017


Assets Value Change ($) Change (%)
Cash $326,278 ($84,205) (20.51%)
Stocks $111,089 $4,343 4.07%
Bonds $7,500 - -
Retirement $509,671 $13,394 2.70%
Home $1,450,000 - -
Other Real Estate $592,000 $375,000 172.81%
Cars $21,000 ($1,500) (6.67%)
Personal Property $20,000 - -
Crypto $71,415 $10,151 16.57%
$3,108,953 $317,183 11.36%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $986,287 ($1,671) (0.17%)
Rental Property Mortgages $242,560 $242,560 -
Student Loans $0 - -
Credit Cards $0 - -
Total Debts $1,228,847 $240,889 24.38%
Net Worth $1,880,106 $76,294 4.23%
*All values shown in USD ($)
Notes:
HUGE STEP FORWARD: Bought our first multi family property this month. Big NW jump because we purchased an off market property at 83% of appraised value. So excited we took action! Achieved three of our yearly goals in this month alone.

Also just as an update, my previous dedication to living debt free (the Dave Ramsey way) still applies and I'm so grateful that we worked hard to discipline ourselves early on. However, I have changed my view of using debt to fund income producing real estate purchases. Paying off the investment property mortgage is not a priority for now. As long as property cash flows after paying all expenses and mortgage payment I'm satisfied.

2017 Goals:
1) Achieve a net worth of $2.5MM
2) Retirement savings over $500K ***Goal met April
3) Spend time supporting wife and taking care of kids
4) Combined Real Estate values of $2MM ***Goal met April
5) Purchase a multi-family property ***Goal met April
6) Make at least 1 more Angel Investment (total of 6)
7) Tithe 10% to church
8) Average passive/Investment income of $6,500/mo gross
"Bonds" = Business Account
"Other Assets" = Angel investments/crowdfunding and Alternative investments

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