December Net-Worth Update

CPR dummy

December Net-Worth Update

November started off rough, the market continues to move down with the “correction.”  Even though it made me a bit uncomfortable, we continue to stuff our 401k and Vanguard brokerage account.

Much of my fear was alleviated by the friendly folks on Twitter.  People much smarter and wealthier than I encouraged me to ignore the downturn, and buy more stock at a discounted price!  Take what many see as a negative situation and turn it into an opportunity!!

The month ended strong, and our accounts are making a come back!

How We Track Our Net Worth

I wish I knew about Personal Capital when we first started our debt-free journey back in 2014.  I’d love to see that graph, and it honestly would have helped motivate me a ton back then.  Paying off debt can be a tedious process…

Paying off debt and watching your net-worth is addicting and a hell of a way to stay motivated!

Back then I was tracking our net-worth manually via an excel spreadsheet.  It was nice but, Personal Capital is freaking amazing.

It automatically updates and it’s super easy to navigate.  The icing on the cake is the great visual references pertaining to your finances.

-December-December Net-worth

As of December 1st our net-worth is $204,711.46. +$8,226.33 growth from November 1st.  Much of this growth occurred in the final weeks of November.  The stock market is a real temperamental asshole…

I can’t believe we finally cracked $200,000…  Considering that less than a year ago our net-worth was under $100,000 and we were in the midst of paying off the last of our $109,000 debt.

Breaking $200,000 has been our goal for a while, and we kept getting close and then a downturn would occur and we’d drop back under.

-The Investments Run Down-

  • 401k: $ 97,254.93 +$2,644.93 

 Sooo close to $100,000…  This is split up between the two of us, and we’re damn close to $100,000.  Hopefully we eclipse this in December, but I’m not making it a goal.  The market has been temperamental and I’ll just focus on what I can control, like how much I put in.

Our investments are split between Large, Mid and Small Cap Blend index funds.  Perhaps I should be in bonds, but I just can’t get myself to pull the trigger…

We should both be able to max our 401k out in 2019, which is totally exciting!! 

  • Vanguard:  $20,963.90 +$5,098.90


November was another solid month of post-tax investing.  We were able to save $4,800 and our account grew by $5,098.90.

I’m hoping to get another $4,800 – $5,000 invested in December, but Christmas might bring us in a bit short.

We are invested in VTSAX, and I don’t plan on moving out of that anytime soon!

-Real Estate-

  • Equity:  $60,116.50

Keep your pants on, this isn’t sexy rental property real estate.  It’s just the equity we have in our home.

After paying off our debt, we had planned to try and pay off our mortgage quickly but we have since decided to let the mortgage ride and direct all cash toward investments.

A 4.25% interest rate isn’t very high (especially now) and I’m hopeful that we’ll get more than that out of the market.  If we spend 3-4 years paying off the mortgage, we are only really getting 4.25% on that money.

Click to read exactly why we aren’t paying off the mortgage ASAP

I hope we can do better.

-Liquid Cash-

  • Cash:  $26,376.13

This one fluctuates a bit but, that’s typically the amount of cash we have on hand each month.  Most is just sitting idle in a savings account waiting for a rainy day.

After much deliberation, I’ve decided to keep our 6 month emergency fund in a general savings account.  Thanks to all of the folks on Twitter  (who are smarter than I) for the advice!!

The thought of using credit cards again makes me want to vomit.   So, less nausea and more confidence…seems like the right move.

Finally, I don’t count our two vehicles into our net-worth.  I’m 100% sure I could get at least $15,000 for both of our rides, but they depreciate so fast…

Also, I don’t feel like having to Kelly Blue Book them constantly to add the value up…

20% practical, 80% lazy…  (Shrug)

Grand Total:  $204,711.46

See ya next year (laugh snort snort laugh laugh)!!

  • November 2018 Net-Worth $196,485.13 +$2,949.40
  • October 2018 Net-Worth $193,535.73 +$3,230.43
  • September 2018 Net-Worth: $190,305.30 +$13,421


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