| Net worth now relects combined net worth of my wife and I.
The Market had a horrible month. Stock accounts and retirement display this despite large contributions across the board
Have over 100k in one stock, a bit of a gamble but an educated gamble with the odds in my favor.
Real estate is single family home, will appreciate at 4% a year average for my area which is 1500 a month. I again only added 750 this month again. Do not want to get ahead of my self. This may also be understated.
Extra 2500 paid towards mortgage. Im going to try to pay this down more each month to get rid of payment sooner. Going to save over 200k in interest doing this. Payment will be upped to over 5000 next month.
Misc Asset is jewlery and is entered at appraised value.
Personal property is furniture, art etc in house. This is carried at nearly 1/3 or 1/4 of price paid.
Now 30, wife 27, net worth goal of $250,000 by 30 reached 9 months early on my own. Every entry before 10/10 reflects this.
We missed net worth goal of 600k by years end by 17k. Our goal now is 1 million net worth by the end of 2012. We are now firmly over 1,000,000 in assets.
A big part of our success has been due to very little debt with a heavy amount of high quality assets. We are very equity heavy, holding NO BONDS. I look for stocks with very little debt, growing EPS, large cash balance if available, and increasing dividend. With the recovery now coming towards its mid cycle I may need to de leverage moving forward.
Carry on..... |