Net Worth Tracker

Note: This page will be updated periodically with our current net worth. In-depth analysis will be posted from time to time. For more details on the assets you can read my Assets Explained page.

Want to see where you stand? Check out the  Net Worth Comparison page.

Update 10/2/2015 – 1 year later

I am slightly behind in updating this for October, which also happens to be the 1 year mark from when I began updating this site.  Keep in mind, I have been tracking this since 2002 using Moneydance, which I’ve expressed my love for in the past.  In any case, here is where we stand as of October 2, 2015.  All I can say is… Ouch!!  This last quarter was really, really tough on the stock market.  Fortunately, I have foresight (as today is 11/1) and I know this will rebound to almost exactly where we left of in July.  Now hopefully we can finish 2015 out strong.

Current Net Worth (10/02/2015): $ 1,138,826.07

Previous Net Worth (07/04/2015): $ 1,187,186.53
Previous Net Worth (04/12/2015): $ 1,155,257.51
Previous Net Worth (01/04/2015): $ 1,108,113.00
First Reported Net Worth (10/02/2014): $ 1,054,970.82

Assets

  • Cash
    • Bank = $ 17,312.42
    • Pension = $ 42,869.90
  • Investments
    • Brokerage Account = $ 26,427.14
    • 401K (Mr. PFL) = $ 438,611.63
    • Roth IRA (Mr. PFL) = $ 73,785.33
    • SEP IRA (Mrs. PFL) = $ 65,801.92
    • 529 Account = $ 2,725.06
    • Roth IRA (Mrs. PFL) = $ 40,716.73
  • Real Estate
    • House – Primary Residence = $ 500,000.00
    • Condo – Rental Unit 1 = $ 350,000.00
    • Black Diamond – Rental Unit 2-7 = $ 126,000.00
    • Other Rental – Rental Unit 8 = $ 29,675.00
  • Precious Metal
    • Gold =  $ 10,899.00

Liabilities

  •  Credit Cards
    • Personal = $ -4,327.78
    • Business = $ -4,129.33
    • HELOC = $ -59,036.74
    • HELOC = $ -30,000.00
  •  Loans
    • Primary Residence Mortgage = $ -315,380.77
    • Condo Mortgage = $ -82,843.43
    • Personal Loan = $ -21,916.99
    • Student Loan = $ -78,800.00

 

Update 7/4/2015 – Second quarter 2015 

Happy 4th of July!! My personal favorite holiday as it celebrates the birth of this great nation we call home.  Since the last update we have revamped some of our HELOC loans.  This was really two part in that it allowed us to increase our credit limits (more flexibility) and lowered our interest rates (side benefit).  As part of that process we also had our condo reassessed and the new appraisal gave us a slight bump on the value.  Other than that the only other real activity is that we did sell off all of my ESPP stock as part of my exit strategy.  Overall, the good news is that the system is working… keep saving, keep building.

Net Worth (07/04/2015): $ 1,187,186.53

Assets

  • Cash
    • Bank = $ 25,416.31
    • Pension = $ 40,754.72
  • Investments
    • Brokerage Account = $ 31,103.61
    • ESPP (Mr. PFL) = SOLD @ $10K
    • 401K (Mr. PFL) = $ 460,853.65
    • Roth IRA (Mr. PFL) = $ 80,353.95
    • SEP IRA (Mrs. PFL) = $ 74,557.48
    • 529 Account = $ 2,730.86
    • Roth IRA (Mrs. PFL) = $ 47,262.83
  • Real Estate
    • House – Primary Residence = $ 500,000.00
    • Condo – Rental Unit 1 = $ 350,000.00
    • Black Diamond – Rental Unit 2-7 = $ 126,000.00
    • Other Rental – Rental Unit 8 = $ 29,675.00
  • Precious Metal
    • Gold =  $ 11,176.00

Liabilities

  •  Credit Cards
    • Personal = $ -4,327.78
    • Business = $ -4,129.33
    • HELOC = $ -59,036.74
    • HELOC = $ -30,000.00
  •  Loans
    • Primary Residence Mortgage = $ -317,452.54
    • Condo Mortgage = $ -85,010.75
    • Personal Loan = $ -22,836.81
    • Student Loan = $ -80,800.00

Update: 4/12/2015

Net Worth (04/12/2015): $ 1,155,257.51

Assets

  • Cash
    • Bank = $ 11,214.61
    • Pension = $ 39,188.98
  • Investments
    • Brokerage Account = $ 30,472.09
    • ESPP (Mr. PFL) = $ 9,711.17
    • 401K (Mr. PFL) = $ 460,853.65
    • Roth IRA (Mr. PFL) = $ 78,489.25
    • SEP IRA (Mrs. PFL) = $ 74,864.79
    • 529 Account = $ 2,730.86
    • Roth IRA (Mrs. PFL) = $ 48,761.68
  • Real Estate
    • House – Primary Residence = $ 500,000.00
    • Condo – Rental Unit 1 = $ 338,000.00
    • Black Diamond – Rental Unit 2-7 = $ 126,000.00
    • Other Rental – Rental Unit 8 = $ 29,675.00
  • Precious Metal
    • Gold =  $ 11,596.60

Liabilities

  •  Credit Cards
    • Personal = $ -3,755.28
    • Business = $ -8,411.65
    • HELOC = $ -60,179.77
    • HELOC = $ -30,000.00
  •  Loans
    • Primary Residence Mortgage = $ -319,325.95
    • Condo Mortgage = $ -87,036.15
    • Personal Loan = $ -23,292.44
    • Student Loan = $ -82,300.00

Update: 1/4/2015

My favorite time of year to do these reports is the end of year.  It really gives you the chance to see where you stand and review your progress.  I did this just today and you can check out my 2014 Year End Review.  Below you will find my latest summary update for our Net Worth Tracker.  I have kept the previous summary and you can find that if you scroll down.

 Net Worth (01/04/2015): $ 1,108,113.00

Assets

  • Cash
    • Bank = $ 18,435.69
    • Pension = $ 37,466.43
  • Investments
    • Brokerage Account = $ 32,928.74
    • ESPP (Mr. PFL) = $ 9,692.91
    • 401K (Mr. PFL) = $ 440,856.19
    • Roth IRA (Mr. PFL) = $ 70,037.96
    • SEP IRA (Mrs. PFL) = $ 70,326.34
    • 529 Account = $ 2,730.86
    • Roth IRA (Mrs. PFL) = $ 39,789.36
  • Real Estate
    • House – Primary Residence = $ 500,000.00
    • Condo – Rental Unit 1 = $ 338,000.00
    • Black Diamond – Rental Unit 2-7 = $ 126,000.00
    • Other Rental – Rental Unit 8 = $ 29,675.00
  • Precious Metal
    • Gold =  $ 11,408.00

Liabilities

  •  Credit Cards
    • Personal = $ -4,942.88
    • Business = $ -11,780.75
    • HELOC = $ -62,486.84
    • HELOC = $ -30,000.00
  •  Loans
    • Primary Residence Mortgage = $ -321,183.64
    • Condo Mortgage = $ -89,039.57
    • Personal Loan = $ -24,195.25
    • Student Loan = $ -83,800.00

As of: 10/2/2014

Net Worth: $ 1,054,970.82

Assets

  • Cash
    • Bank = $ 10,841.76
    • Pension = $ 36,039.26
  • Investments
    • Brokerage Account = $ 33,914.17
    • ESPP (Mr. PFL) = $ 9,126.75
    • 401K (Mr. PFL) = $ 421,916.92
    • Roth IRA (Mr. PFL) = $ 58,042.69
    • SEP IRA (Mrs. PFL) = $ 69,454.18
    • 529 Account = $ 2,725.06
    • Roth IRA (Mrs. PFL) = $ 40,882.92
  • Real Estate
    • House – Primary Residence = $ 500,000.00
    • Condo – Rental Unit 1 = $ 338,000.00
    • Black Diamond – Rental Unit 2-7 = $ 126,000.00
    • Other Rental – Rental Unit 8 = $ 29,675.00
  • Precious Metal
    • Gold =  $ 11,674.00

Liabilities

  •  Credit Cards
    • Personal = $ -6,053.06
    • Business = $ -15,378.05
    • HELOC = $ -65,496.26
    • HELOC = $ -30,000.00
  •  Loans
    • Primary Residence Mortgage = $ -323,208.26
    • Condo Mortgage = $ -91,021.23
    • Personal Loan = $ -24,865.03
    • Student Loan = $ -85,300.00

 

Net Worth Oct 2014

12 Thoughts on “Net Worth Tracker

  1. Elizabeth on October 8, 2014 at 4:00 am said:

    Have you thought about focusing on eliminating your debt before retirement?

    • Hi Elizabeth-
      Thank you for asking. The short answer is yes. The long answer is that it is complicated. Mr. PFL is working on some posts to better describe the breakdown of our assets, debts and cash flow. In the meantime, I think it is important to point out that our credit cards get paid off in full every month (we use them for the rewards). All of the other debt we have, except for my student loans, is tied into, or directly related to, a piece of real estate and/or has been used to purchase or enhance real estate. So, taxes, cash flow, emergency funds, etc., come into play. We do plan to explore this further and I hope we will be able to make good decisions about it.
      Thanks!
      Mrs. PFL

    • I hope to have more details up over the next few weeks and plan to detail how we got to where we are. I definitely have a little bit of Dave Ramsey in me when it comes to debt and that is our primary focus going forward. We just recently (within 12 months) took on some debt (Personal Loan, the 30k HELOC and the business CC) to finance our newest rental property. Now that we are generating income off that we plan to aggressively pay down debt across our loans with that income… and ideally I can hammer down the 91k on the condo with my current salary and the condo rental income. Check back later as I make updates and let me know your thoughts.

  2. Good job on the Net worth a million is a great milestone to cross. Where do you see yourself number wise, officially being financially independent? I know condos are an investment, but in my area with high taxes, mortgage fees and maintenance fees, they are rarely profitable. How do you make it work?

    • Great questions! At this point, it is not so much about a net worth number as a cash flow number. The more debt we continue to pay off, the less cash flow we’ll need, as our monthly expenses will be substantially less than they are now. We also continue to be aware that 59 1/2 is the magic number to tap retirement accounts, and this is where the bulk of our non-real estate assets are located, so we need to be creative with income streams in the meantime. As for the Condo, please see the new post.

  3. Great NW post! Some good growth and nice retirement funds started. Definitely crank on the debt (student loan and mortgage). I don’t see enough of a cash slush fund to handle 3-6 months of emergencies (say a rental doesn’t get rented for 6-9 months). So not a lot of wiggle room there.

    For the risk you all have I would think about 30-40K in liquid cash would be about right to cover any hiccups in the process without going into more debt.

    Since you mentioned Dave Ramsey in an earlier comment then for sure you better knock those debts out on BS2! 😀

    • Thanks for the feedback, much appreciated. Right now our debt is definitely a bit higher than I would like and it is our primary focus. I expect that within the next 12-18 months we can get the 30k HELOC, most of the 70k HELOC and the miscellaneous credit cards paid off. We should also be able to keep working down the condo mortgage as we just renewed a 1 year lease and I make extra payments when I can (no mortgage on the other unit). I don’t worry to much about the student loan as it is super cheap and the term is forever, plus Mrs. PFL knows she has to pay for this with funds she earns:D. That leaves our house mortgage and in 18 months I hope to hit that hard (while finishing off the condo).
      Let’s hope it all works that way. I do also have around 30k sitting in my personal eTrade brokerage account. It’s not liquid but can be in just a few days. This has always been my emergency fund so let’s hope I don’t need it.

  4. Dear PFL,

    Impressive wealth tracking and great results. I just discover your blog and I am looking forward to get some info, tips and advice to even further improve our net worth.

    Well done! Cheers,
    RA50

  5. The way your money is making you money is exactly the mission im out to get. You guys have done great!

  6. Hi,

    After years of hopping around Personal Net Worth blogs, I have finally started one of my own;
    https://othalafehu.wordpress.com

    Please check it out, any help spreading the word would be greatly appreciated.

    Thanks,
    OthalaFehu

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