mtthomso's Net Worth for January 2021


Assets Value Change ($) Change (%)
Cash $13,751 ($5,379) (28.12%)
Stocks $20,909 $1,066 5.37%
Retirement $855,170 $16,354 1.95%
Home $1,720,000 $20,000 1.18%
Other Real Estate $1,531,000 $5,000 0.33%
Cars $17,000 ($1,000) (5.56%)
Personal Property $30,000 $2,500 9.09%
Crypto $568,493 $212,491 59.69%
$4,756,323 $251,032 5.57%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $907,635 ($1,942) (0.21%)
Rental Property Mortgages $709,887 ($1,764) (0.25%)
Credit Cards $0 - -
Total Debts $1,617,522 ($3,706) (0.23%)
Net Worth $3,138,801 $254,738 8.83%
*All values shown in USD ($)
Notes:
A great start to 2021. We broke the $3MM mark, woo-hoo!! The last time we broke into a new million bracket was November of 2017. It was about time :)

Our crypto really took off this month so that accounts for most of the gain. I also moved some retirement into crypto a month ago.

Our financial goals for 2021:

*Reach $1MM in retirement savings
*Cash out refi one of the rentals, recouping our initial investment
*Give 10% of income
*Sell some of our stock options, increasing our cash position for new investment opportunities
*Invest in new passive RE deal
*Surpass $4MM in NW.

**We have employee stock options. This is currently valued very high. However I have not accounted for this at all in our NW tracking. Only after sales happen will I recognize the value in our NW. Planning the first sales this year.

Comments

2/9/2021 5:41:42 AM Baller1967
Good looking profile..congrats on the 3m! looks like you are an investment property fan. Its one piece missing from my own portfolio and always interesting to see how it impacts NW of those with.
2/9/2021 12:17:46 PM mtthomso
Thanks Baller. Yes, I was really excited about rental property a few years ago and we bought 14 units. I'm so glad we did as it's been a good return on money with great tax benefits. It can grow the NW nicely when done correctly. I will probably do more passive deals going forward as I'd accept a lower return at this point for being hands off. Looks like you're doing just fine without it though.