| Net worth now relects combined net worth of my wife and I.
The Market had a horrible month with the last day being the worst. Stock and retirement accounts reflect this again. Nearly half a million were in stock and retirement accounts are in equities. We are buying on the cheap now so no big deal.
Have over 100k in one stock, a bit of a gamble but an educated gamble with the odds in my favor. It has held up well in this mess.
Real estate is single family home, will appreciate at 4% a year average for my area which is 1500 a month. I add zero this month. Do not want to get ahead of my self. This may also be understated compared to comparable sales.
Paid a great deal extra towards mortgage again. This continues to show our earning power. Will continue this for some time. I hate paying interest. Effectively the same as a nearly 6% return in our tax bracket including state tax.
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.
Goal now is 1 million net worth by the end of 2012. This might be a little harder to accomplish with the market the way it is. We will see.
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 in absense of growth, and increasing dividend. With the recovery now coming towards its mid cycle I may need to de leverage moving forward.
Carry on..... |