| Net worth now relects combined net worth of my wife and I.
The Market had a better month coming off the summer lows.
Big stock position continues to improve from last month. Still very undervalued.
Real estate is single family home, should appreciate at 4% a year average for my area which is 1500 a month. This may also be understated compared to comparable sales and work done to house.
Paid an ok amount 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 6.75% return in our tax bracket including state tax if we were to invest in the short term. Will hopefully pay off 30 year mortgage in 1-2 years.
Misc Asset is jewelery and is entered at appraised value.
Personal property is furniture, art, tangible stuffs, etc in house. This is carried at nearly 1/3 or 1/4 of price paid.
Now 31, wife 29, 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. We seem to be on track for now. Will depend how the market performs for last quarter of the year.
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.
Carry on..... |