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Post by minnesotapaintlady on Oct 1, 2021 7:20:20 GMT -5
First "ouch" month in a while... Mortgage - $81,105 CC debt - $0 Total Debt $81,105Cash and Savings - $54,640 529s - $67,980 Retirement - $753,782 House - $300,000 Total Assets $1,176,579Net Worth $1,095,474 (decrease of $27,949 since 9/1/21) |
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,958
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Post by tcu2003 on Oct 1, 2021 8:20:51 GMT -5
Here's my September 2021 update:
ASSETS:
Checking/Savings: $155,458
House: $512.7k
Retirement: $1.857M
Brokerage: $5.5k
529s: $69.6k
Company Stock: $214.5k
DEBTS:
Company Stock Loan (to shareholder I'm buying stock from, at 0.52% for 7 years): $175k
Total NW: $2,640,514
As usual, the list above excludes our cars, which are worth around $30k combined, but I leave them out because we're unlikely to sell, and need them to get to/from work, kids schools, etc. in the land of suburbia.
And I'm with MPL this month - it's an "ouch" month with a down stock market over the end of August. We're down about $68k, or a little under 3% of our total NW since August.
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Annie7
Junior Member
Joined: Dec 22, 2010 8:42:14 GMT -5
Posts: 249 
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Post by Annie7 on Oct 1, 2021 10:38:48 GMT -5
Sept 30th Update: Assets: | Cash | 8,814 | | Retirements | 830,429 | | HSA | 49,762 | | Pension Lumpsum | 160,098 | | Home | 764,500 | | Total Assets | 1,813,603 |
Liabilities: | Mortgage | 290,376 | | Car | 0 | | DS2 Tuition | 16,000 | | DS1 Parent Loan | 26,070 | | Total Liabilities | 332,446 |
I would like to participate too. Got divorced in Nov and we kept each of our retirements. I got the marital house he got the two investment properties. I took over DS1's parent plus loan and DS2 is still in college and we are sharing the cost. Age - almost 50 Income - $154K Assets: 3/31/2021Cash $61,200 Retirements $785,811 HSA $42,864 Pension $156,547 Home $712,410 Total Assets $1,758,832
Liabilities:Mortgage $298,942 Car $4,880 DS2 Tuition $32,000 DS1 Parent Loan $28,872 Total Liabilities $364,694
Net Worth $1,394,138
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plugginaway22
Well-Known Member
Joined: Jan 2, 2011 10:18:42 GMT -5
Posts: 1,661
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Post by plugginaway22 on Oct 2, 2021 7:23:58 GMT -5
Mid April 2021 7/1/2021 10/1/2021
Retirement 882k 917k 933k
HSA 26k 28k 30k
Cash 88k 95k 129k
Stocks 8k 8k 7k
House 280k 280k 280k
RE inv 10k 10k 10k
3 cars 40k 40k 40k
Total Assets 1,334,000 1,378,000 1,429,000
Total Liability - 11,000 (3% car) -7,500 -3,300
Networth 1,323,000 1,370,500 1,425,700
Was higher on 9/1, bit of a bummer with market drop but no complaints considering past couple of years returns.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Oct 2, 2021 12:02:09 GMT -5
balances are down.... I'm not checking  |
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ners
Junior Associate
Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,658
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Post by ners on Oct 2, 2021 17:16:35 GMT -5
September 30 update
Assets
Cash 19,854.36
Retirement 184,083.60
House 80,000.00
Car 3,300.00
Stock 6,996.65
HSA 5,639.26
Total Assets 299,873.87
Liabilities
Mortgage 53,709.57
Helco 11,047.42
Car 5,152.28
Total Liabilities 69,909.27
Net Worth 229,964.60
Down this month by almost 6000.00. However still up by 23000 for the year.
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shanendoah
Senior Associate
Joined: Dec 18, 2010 19:44:48 GMT -5
Posts: 10,096
Mini-Profile Name Color: 0c3563
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Post by shanendoah on Oct 5, 2021 16:33:47 GMT -5
I forgot to post in July, so the "previous" is from April 1, which is why the change is so big. It also means that I am only seeing growth on the numbers here, even though I know it's down from what it was at the start of September.
Age: Shanendoah- 45; C-47
Income: ~$126k/yr
Mortgage: $508,797
Car Note: $30,875
Furnace: $2,215
HELOC: $10,298
Debts Total: $552,185
Savings: $18,344
S Retirement Accounts: $292,029
C Retirement Accounts: $45,875
House: $894,000
Timeshare: $1,500
Car: $30,000
Assets Total: $1,281,749
Net Worth: $729,564
Previous : $587,816
Change: $141,748
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Oct 12, 2021 13:40:43 GMT -5
UPdate!
| April 2 2021 | June 2 2021 | July 3, 2021 | September 1, 2021 | October 12, 2021 | | 401k and rollovers | $1,304,844.84
| $1,282,158.98
| 1,379,620.42
| $1,485,897.26
| $1,542,764.63
| | Roth | $197,893.19
| 187,127.73
| 188,100.19
| $192,394.09
| $195,860.62
| | I-bonds |
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| $6,105.56 | | Other: EF, ESOP, HSA | $49,159.49
| 49,362.64
| 50,381.5
| $39,887.91
| $39,423.40
| | Total |
$1,551,897.52
| $1,518,649.35
| 1,618,102.11
| $1,718,179.26
| $1,784,154.21
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Glad I waited for a more favorable day for my October report  . I haven't been including my ibond balance so stuck it in so I could get over the next 10k mark. Maybe lump it in with the Other category? |
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movinonup
Established Member
Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318 
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Post by movinonup on Oct 12, 2021 22:13:22 GMT -5
Hello everyone. My net worth is down mostly due to the stock market, and Zillow decided that my house is worth less than last month. Also, two big outstanding checks got deposited, so my cash and other debts balances both dropped. -movinonup | Assets | 9/5/2021 | 10/12/2021 | | Cash | $341,563.81 | $256,073.75 | | Car | $10,000.00 | $10,000.00 | | House | $475,100.00
| $470,000.00 | | Retirement Accounts | $949,369.94 | $917,514.42 | | Non-Retirement Accounts | $109,569.98 | $114,180.20 | | Total Assets | $1,885,603.73 | $1,767,768.38 | | Liabilities |
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| | Revolving Credit | $44,770.92 | $39,413.51 | | Mortgage | $538,183.68 | $537,271.97 | | Student Loans | $5,487.66 | $5,316.92 | | Other Debts | $424,078.64 | $354,293.60 | | Total Liabilities | $1,012,520.90 | $936,286.00 | | Net Worth | $873,082.83 | $831,472.38 |
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azucena
Junior Associate
Joined: Jan 17, 2011 13:23:14 GMT -5
Posts: 5,942
Member is Online
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Post by azucena on Oct 13, 2021 12:01:53 GMT -5
Hello everyone. My net worth is down mostly due to the stock market, and Zillow decided that my house is worth less than last month. Also, two big outstanding checks got deposited, so my cash and other debts balances both dropped. -movinonup | Assets | 9/5/2021 | 10/12/2021 | | Cash | $341,563.81 | $256,073.75 | | Car | $10,000.00 | $10,000.00 | | House | $475,100.00
| $470,000.00 | | Retirement Accounts | $949,369.94 | $917,514.42 | | Non-Retirement Accounts | $109,569.98 | $114,180.20 | | Total Assets | $1,885,603.73 | $1,767,768.38 | | Liabilities |
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| | Revolving Credit | $44,770.92 | $39,413.51 | | Mortgage | $538,183.68 | $537,271.97 | | Student Loans | $5,487.66 | $5,316.92 | | Other Debts | $424,078.64 | $354,293.60 | | Total Liabilities | $1,012,520.90 | $936,286.00 | | Net Worth | $873,082.83 | $831,472.38 |
May I ask why you have a high credit card balance with so much cash on hand? |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Oct 15, 2021 8:59:58 GMT -5
I should have waited till the 15th . . Hope all our networthers are liking their numbers this fine AM! |
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,958
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Post by tcu2003 on Oct 20, 2021 23:09:29 GMT -5
Congrats, jenpen!!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Oct 20, 2021 23:39:45 GMT -5
Update: I pulled my numbers on Sept 30th, but they were too depressing to post! Now that I've bounced back by 20k, I'm posting and including the current quarter-to-date to make myself feel better
| 12/31/2020
| 03/31/2021
| 6/30/2021
| 9/30/2021
| Q4 thru
10/20/2021
| | Cash | 34,103
| 32,695
| 36,564
| 44,036
| 43,536
| | Investments | 43,853 | 45,497
| 50,000
| 51,422
| 52,731
| | Retirement | 498,305 | 518,936
| 557,072
| 569,581
| 588,766
| Pension
| 675,000
| 675,000 | 675,000
| 675,000
| 675,000
| | Home/car | 143,000 | 160,000
| 160,000
| 160,000
| 180,000
| Assets
| 1,394,261 | 1,432,128
| 1,478,635
| 1,520,039
| 1,538,971
| Liabilities (mortgage)
| (70,653) | (70,169)
| (69,682)
| (69,192)
| (69,028)
| Net Worth
| 1,323,607 | 1,361,959
| 1,408,953
| 1,430,847
| 1,471,005
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Increase of ~110k for the year, not counting the hypothetical 37k increase in home value (the unit 5 doors down from mine just sold for 204k, so I upped my own estimate to 165k).  I submitted my official resignation two days ago, and will be "retired" as of Nov 1st!  I discussed all this with my supervisor last month, and transitioned all of my work to other people before starting a 5-week vacation the last week of Sept. I have 7 more days vacation, then just have to go in on 11/1 to turn in my equipment and go through exit paperwork. Such a relief!!!!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Oct 25, 2021 12:55:38 GMT -5
Holy moly!! Major, impromptu UPDATE!
| April 2 2021 | June 2 2021 | July 3, 2021 | September 1, 2021 | October 12, 2021 | October 25, 2021
| | 401k and rollovers | $1,304,844.84
| $1,282,158.98
| 1,379,620.42
| $1,485,897.26
| $1,542,764.63
| 1,737,764.77
| | Roth | $197,893.19
| 187,127.73
| 188,100.19
| $192,394.09
| $195,860.62
| 219,552.02
| | I-bonds |
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| $6,105.56 | 6,205.56
| | Other: EF, ESOP, HSA | $49,159.49
| 49,362.64
| 50,381.5
| $39,887.91
| $39,423.40
| 40,537.85
| | Total |
$1,551,897.52
| $1,518,649.35
| 1,618,102.11
| $1,718,179.26
| $1,784,154.21
| $2,004,060.20
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I just can't believe this has happened!! Thank you Telsa! Thank you Stock Market! Thank you Elon Musk!!! Thank you! Thank you! Thank you, Universe! |
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Post by minnesotapaintlady on Oct 25, 2021 13:20:10 GMT -5
Woohoo! I'd be totally out the door if that was me.  (of course, I'd cash in most of the Tesla first). |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Oct 25, 2021 14:12:14 GMT -5
Woohoo! I'd be totally out the door if that was me. (of course, I'd cash in most of the Tesla first). I am totally reeling! This could be a quit your day job kind of thing. I need to process this over some time, see if this number sticks and what I'm thinking about in terms of quitting. Wish I'd made my initial purchase in my roth instead of the 401k rolloever, but I'll take the win either way. Or course - my expenses are much higher than yours! and I've got 6 figures in student loans, mortgage more than 350k, etc. Really concerned about upcoming inflationary pressures, etc. Still, I need to process this a little. it will surly drop a bit tomorrow. and I am ok with that!! Was hard to stay focused on my conference call. Did it drop? Did I lose my (.....wait....I'm going to say it!!....) multimillionaire status? But no, it was up even more! breaking through 1k/share....I'm practically hyperventilating. This is way too exciting! |
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plugginaway22
Well-Known Member
Joined: Jan 2, 2011 10:18:42 GMT -5
Posts: 1,661
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Post by plugginaway22 on Oct 25, 2021 16:37:47 GMT -5
What a wonderful milestone! Congratulations!
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movinonup
Established Member
Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318
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Post by movinonup on Oct 25, 2021 17:22:41 GMT -5
May I ask why you have a high credit card balance with so much cash on hand? I owe money to my contractor. I need to keep my cash for now so I can pay him when he finishes my punch list. -movinonup |
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,958
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Post by tcu2003 on Oct 25, 2021 20:40:29 GMT -5
Congrats, rukh!
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TheOtherMe
Distinguished Associate
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Posts: 28,378
Mini-Profile Name Color: e619e6
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Post by TheOtherMe on Oct 25, 2021 21:39:12 GMT -5
I have always thought net worth is assets minus liabilities, so unless everything in your life is totally paid for, assets alone does not equal net worth.
Have I misunderstood since accounting 101?
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,958
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Post by tcu2003 on Oct 26, 2021 21:01:14 GMT -5
I have always thought net worth is assets minus liabilities, so unless everything in your life is totally paid for, assets alone does not equal net worth. Have I misunderstood since accounting 101? I think that’s what most of us are doing to calculate our NW. |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Oct 26, 2021 21:23:32 GMT -5
I have always thought net worth is assets minus liabilities, so unless everything in your life is totally paid for, assets alone does not equal net worth. Have I misunderstood since accounting 101? I think that’s what most of us are doing to calculate our NW. Was this line of inquiry directed at me, TheOtherMe? I've been considering the mortgage and student loans basically as a wash with home equity, so I just stopped keeping track of that. Redfin puts my house at 562 right now - that is higher than it's been - mortgage of 350/360 or so and 102k in student loans. so I'd be up another 100k if I counted that, then I have another 100k that is still set aside for home improvements that I cash out refied this year but plan to spend so don't include in here either. I prefer to only consider liquid assets, but not money I plan on spending soon. I guess I'm doing it wrong, but computationally, it was a lot of work to look up and add up/subtract stuff I wasn't interested in tracking. I suppose I could start a separate liquid asset thread? seems redundant. |
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ners
Junior Associate
Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,658
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Post by ners on Oct 30, 2021 9:02:12 GMT -5
October 30 update
Assets
Cash 19,908.10
Retirement 190,569.65
House 80,000.00
Car 3,200.00
Stock 7,305.86
HSA 5,939.26
Total Assets 306,922.87
Liabilities
Mortgage 53556.99
Helco 10,837.28
Car 4957.30
Total Liabilities 69,357.51
Net Worth $237,57130
Recouped last months loss and increased 1600.
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Post by minnesotapaintlady on Oct 31, 2021 23:57:18 GMT -5
Well, I've had this mostly done since Friday stock close, but have been hemming and hawing for the past two days about what I was going to do about my mortgage. So now at 11:30pm the night before the autodraft comes out I pulled the trigger and changed it from the $1300 it's been at for years to $500. To be honest, I'm feeling pretty sick about that decision...mathematically wise or not. I'm still prepaying a tiny bit. Regular payment is $383. Other than that, it's looking pretty good for the month. I'm really surprised my cash and savings held as well as it did because I paid over 5K in medical bills in October, which basically wiped out my cash HSA.
Mortgage - $80,790
CC debt - $0 Total Debt $80,790Cash and Savings - $52,720 529s - $69,619 Retirement - $795,036 House - $300,000 Total Assets $1,217,375Net Worth $1,136,585 (increase of $40,796 since 10/1/21) |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Nov 1, 2021 15:52:52 GMT -5
Well, I've had this mostly done since Friday stock close, but have been hemming and hawing for the past two days about what I was going to do about my mortgage. So now at 11:30pm the night before the autodraft comes out I pulled the trigger and changed it from the $1300 it's been at for years to $500. To be honest, I'm feeling pretty sick about that decision...mathematically wise or not. I'm still prepaying a tiny bit. Regular payment is $383. Other than that, it's looking pretty good for the month. I'm really surprised my cash and savings held as well as it did because I paid over 5K in medical bills in October, which basically wiped out my cash HSA.
Mortgage - $80,790
CC debt - $0 Total Debt $80,790Cash and Savings - $52,720 529s - $69,619 Retirement - $795,036 House - $300,000 Total Assets $1,217,375Net Worth $1,136,585 (increase of $40,796 since 10/1/21) You're doing awesome MPL! It can be a rough journey with lots of ups and downs, celebrate the successes and let the the pitfalls wash off you back and carry on. You are getting where you want to be! some steps may not be as long a stride as you would like, but you are moving forward. Very close to your next milestone of 800k in retirements!! Keep your eyes on that prize, I hope we see it on your next update, or before! |
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movinonup
Established Member
Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318
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Post by movinonup on Nov 1, 2021 20:26:44 GMT -5
Hello everyone. Thanks to Mr. Market, I got quite a bounce in my net worth over the last few weeks. My Other Debts dropped mostly because I was overestimating what I owe to my contractor. The bottom line is that I believe that my liabilities are more accurate on this update than the last update. I still use the Zillow zestimate for the value of my house, which is definitely low since my house is now over twice as large as Zillow thinks. -movinonup | Assets | 10/12/2021 | 11/01/2021 | | Cash | $256,073.75 | $261,896.30 | | Car | $10,000.00 | $10,000.00 | | House | $470,000.00
| $467,500.00 | | Retirement Accounts | $917,514.42 | $975,163.75 | | Non-Retirement Accounts | $114,180.20 | $117,640.78 | | Total Assets | $1,767,768.38 | $1,832,200.83 | | Liabilities |
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| | Revolving Credit | $39,413.51 | $37,805.47 | | Mortgage | $537,271.97 | $536,357.88 | | Student Loans | $5,316.92 | $5,145.16 | | Other Debts | $354,293.60 | $328,295.44 | | Total Liabilities | $936,286.00 | $907,603.95 | | Net Worth | $831,472.38 | $924,596.88 |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Nov 2, 2021 12:34:31 GMT -5
Hello everyone. Thanks to Mr. Market, I got quite a bounce in my net worth over the last few weeks. My Other Debts dropped mostly because I was overestimating what I owe to my contractor. The bottom line is that I believe that my liabilities are more accurate on this update than the last update. I still use the Zillow zestimate for the value of my house, which is definitely low since my house is now over twice as large as Zillow thinks. -movinonup | Assets | 10/12/2021 | 11/01/2021 | | Cash | $256,073.75 | $261,896.30 | | Car | $10,000.00 | $10,000.00 | | House | $470,000.00
| $467,500.00 | | Retirement Accounts | $917,514.42 | $975,163.75 | | Non-Retirement Accounts | $114,180.20 | $117,640.78 | | Total Assets | $1,767,768.38 | $1,832,200.83 | | Liabilities |
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| | Revolving Credit | $39,413.51 | $37,805.47 | | Mortgage | $537,271.97 | $536,357.88 | | Student Loans | $5,316.92 | $5,145.16 | | Other Debts | $354,293.60 | $328,295.44 | | Total Liabilities | $936,286.00 | $907,603.95 | | Net Worth | $831,472.38 | $924,596.88 |
If mr. market keeps it coming, we'll be welcoming you to the double comma club pretty soon  |
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Post by minnesotapaintlady on Nov 2, 2021 19:42:40 GMT -5
Very close to your next milestone of 800k in retirements!! Keep your eyes on that prize, I hope we see it on your next update, or before! Only $348 shy now.  Of course things could go on a downward spiral starting tomorrow and I don't reach it for a long time. I hope I hit it this year though because it would be two 100K milestones in one year. I hit 700K in May. |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,346
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Post by Rukh O'Rorke on Nov 2, 2021 23:14:11 GMT -5
Very close to your next milestone of 800k in retirements!! Keep your eyes on that prize, I hope we see it on your next update, or before! Only $348 shy now. Of course things could go on a downward spiral starting tomorrow and I don't reach it for a long time. I hope I hit it this year though because it would be two 100K milestones in one year. I hit 700K in May. So close!! Fingers crossed for tomorrow! |
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Post by minnesotapaintlady on Nov 3, 2021 17:39:21 GMT -5
$804,513 |
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