WIR Net Worth Board

[ners]

May 29 update

Assets

Cash $17,037.98
Retirement $135,830.29
House $80,000.00
Car $5,500.00
Stock $5,117.41
Health Savings Account $4,453.05

Total Assets  $247,938.73

Liabilities

Mortgage $56,042.77
Helco $13,503.29
Car $8,047.13
Total Liabilities  $77,593.19

Net Worth $170,345.54

Up about 7400.00 for the month

[Rukh O'Rorke]

Yay for ners!

[Blonde Granny]

You ladies just amaze me!!!!!!!!!!!!!!!!!

[Rukh O'Rorke]

UPDATE! Rukh O'Rorke 6/15/2020 $1,093,846


saw some good numbers floating around, and thought I'd total things up and it was good!

Roths                              $122,366
401k and Rollovers           $761,822
Other: EF, ESOP, HSA          $42,037

Total Liquid                      $926,224

House Value                      $517,440

Total Assets                      $1,443,664

mortgage                           $245,261
Student Loans                    $104,558
Total Liabilities                    $349,818

Net Worth                          $1,093,846


Not only am I back into the 7-figure club - but nearly 10% of the way to the second million, and closing in on 7 figures in liquid assets alone - that is my real milestone, and when I will consider myself a true 'millionaire' - no matter how that may be diluted from the millionaire meaning in the 70's....

I totally do not understand this! Why is the stock market doing so well right now? Makes no sense to me.

[Rukh O'Rorke]

oof - so checked here: www.in2013dollars.com/us/inflation/1975?amount=1000000

1 mil in 75 - when I was a kid and thinking - woo - I wanna be a millionaire! - would be nearly 5 mil today. That is sadly out of reach, unless I want to work well into my 70's......and then in the 17 years to get to 5 mil, I'm sure I'd need a few more years to get to 1 mil in 75 parity....

[shanendoah]

Posted in wrong board. Sorry.

[steph08]

6/26/2020


Assets



House $200,000.00

401k $30,237.11

Rollover IRA $105,801.31

TIAA $1,422.29

DH Pension $33,832.53

Vehicles $20,000.00

Savings $15,000.00

Land $30,000.00



Total: $436,293.24



Liabilities



Mortgage $128,803.98

Truck Loan $6,511.60

CC $5,719.00

HELOC $24,544.39



Total: $165,578.97





Net Worth $270,714.27



Climbing because of new contributions, but early year loss still hasn't made it back yet. 

[shanendoah]

I am pretending the July 1 mortgage payment has been made. I am overall pretty happy with this update. We are not only up from 3 months ago, we are up from 6 months ago, as well. Yes, some of that is contributions and mortgage payments being made, but still, increase is increase. And half a million net worth is in site, and along with that, a net worth that is higher than our debt.

Age: Shanendoah- 44;  C-46
Income: ~$132k/yr (combined)

Mortgage: $515,092
Debts Total: $515,092

Savings: $10,580
S Retirement Accounts: $195,260
C Retirement Accounts: $25,504
Investments: $1,081
House: $691,771
Timeshare: $1,500
Car: $3,100
Assets Total: $894,644

Net Worth: $413,704
Previous : $351,590
Change: 62,114

[buystoys]

June 30 update:

Ages: 56/63

Retired on disability

IRA/Roth: $905k
Cash: $85k
House value: $165k
Rental value: $100k
House mortgage: -$80k
Total: $1.175m
$79K more than March 30 update

I didn't change our house value or mortgage.  I'll change that next year.  I like seeing what my actual cash accounts are doing.

DH pension: $12.5k
DH SSDI: $21k
Me SSDI: $30k

ETA:  I can't believe our NW is higher than it was at the beginning of the year!  I just looked back at what I posted.

[ners]

June 30 Net Worth

Cash 16067.98
Retirement $138,556.14
House $80,000.00
Car $5,350.00
Stock $5,251.30
HSA Account $3,266.02



$248,491.44


Liabilities

Mortgage $55,910.16
Helco $13,387.64
Car $7,884.16

Net Worth $171,309.48

Net worth up about 963.00

Savings too a slight hit due to a plumbing issue
I knew the Health Savings account was going to take a hit since my medical bills came thru.

Just plugging along.

[Deleted]

I like updating when things are going up!    Unfortunately the cash and savings are probably going to be taking a hit from here on out, but for now it all looks good! 

Mortgage - $94,044

CC debt - $1,800

Total Debt $95,844

Cash and Savings - $45,099
529s - $59,932
Retirement - $520,421
House - $300,000

Total Assets $925,452


Net Worth $829,608 (increase of $38,550 since 4/1/20)

[cktc]

Ages: 36, 36, 4 and 2
Income: ~$120k

Omitting: DH pension, 529s, and Car values. Using lowest online estimate for home value.

Savings: $25,990
IRA: $80,728
DH 401k: $65,045
Investment: $10,887
House Value: $340,552
Total Assets: $523,202

Mortgage: $238,388
Car Loan: $5,046
Total Liabilities: $243,434

Net Worth: $279,768 up $39,324 (~16.35%) from last quarter ($240,444)

[tcu2003]

June Update:



Checking/Savings: $143k

House: $428k

Retirement: $1.247M

Brokerage: $4.1k

529s: $38k



Total NW: $1,860,504



As usual, the list above excludes our cars  they're wroth 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.

We're up about 1.1% over May, and about 14% from last quarter.

[Rukh O'Rorke]

Update! Rukh O'Rorke 07/02/2020 

Liquid assets         $1,006,168.34
Total Net worth     $1,175,359.07



I wanted to do another update as I have very unexpectedly hit a new milestone! One that is very meaningful to me, crossing over into 7 figures of liquid assets. I don't think anyone can quibble about me being a millionaire now.

Roths                          128,031.42
401k and Rollovers       835,848.15
Other: EF, ESOP, HSA    42,288.77

Total Liquid              1,006,168.34

House Value                 517,984.00

Total Assets              1,524,152.34


Mortgage                      244,635.95
Student Loans              104,157.32

Total Liabilities              348,793.27

Net Worth                  1,175,359.07



Although everything with the market is going well, my positions in Netflix and Tesla are to thank for quickly gaining on this milestone. I'm not sure if it will last, but I wanted to record it here for posterity.

[forwardwego]

Update for end of June 2020

Bank Accts: 15,200*

Retirement Accts: 214,690 
C&J $: 24,690

Real Estate: 600,000

Cars: 35,000**
Assets: $889.5K 


Mortgage/Liabilities: $96.5K 


NetW: $793K (up $16K in 2 months!?)




* 4 bank accounts, plus cash stash = liquid/nontaxable

** 2 cars subtracting $500/month combined depreciation

[jenpen]

I realized that I started tracking net worth here when I was at rock bottom in my last job and therefore had calculated the annuity value for my pension based ONLY on retiring at the first eligibility date. And was keeping my fingers crossed that I could last that long. Although I took a 20k pay cut to get out of my old department, I think I'll be happy enough in my new position to keep working several more years.So adding a new annuity calculation that assumes I get to my full retirement date (late 2026). Fidelity's estimator puts the current value (based on age, gender, payment start date and monthly payout amount which I just pulled from our retirement system) at $749k for NO COLAs, and a little over $1 million for annual 2% COLAs. Our pension COLAs are usually more like 0.75 to 1%, so I guesstimated a value between those two estimates.

The cash value is there in case anyone feels I'm "cheating" by using the annuity value. Well, I feel that way sometimes, lol. But the truth is the pension is guaranteed, even if I quit today. I just can't imagine any scenario where I would cash it out rather than take guaranteed lifetime payments with periodic COLAs. 

Update as of 6/30 (pulled these #s a few days ago, just haven't had time to post)

Assets

Cash	33,550
Investments	34,708
Retirement	419,881
Home value	120,000
Cars	22,000
assets subtotal	630,139	630,139		630,139
	early retirement	full service retirement		cash value
Pension Annuity Value	630,019	853,284		124,000
Total Assets	1,260,155	1,483,284		754,139
Total Debt (mortgage)	-71,620	-71,620		-71,620
Net Worth	1,188,538	1,411,803		682,519

ETA: First column is up about 19k from start of year (I've contributed ~26k in that time), and ~30k from last update on May 1.

If anyone's wondering about the vast discrepancy between pension  cash vs annuity value, the cash value is only MY contributions plus 4% interest compounded annually. I put in 6% of my pay while the University puts in ~13%. The latter goes into the system--not to my account--so I only benefit from it by staying in the system. 

I'm including car values because I absolutely don't need a car. Most things are within walking distance and we have free public transit. There's also a car rental shop less than a quarter mile from my house for out of town trips, as well as ZIPcars on campus (2 miles away, and discounted for university staff who don't drive to campus) for day trips.

[jenpen]

Rukh O'Rorke, congratulations! That's an impressive and exciting milestone!

[Rukh O'Rorke]

Jul 3, 2020 12:03:56 GMT -5 jenpen said:

Rukh O'Rorke , congratulations! That's an impressive and exciting milestone!

Thank you! I have been planning to use a big chunk of the EF for some household maintenance issues - and now I don't want to!

Just because it will kick the funds below 7 figures. Silly, cuz things need done - but right now every dollar seems precious and I am loath to part with it. 

[ners]

July 31 Net Worth

Assets

Cash 16,104.23
Retirement $145,487.68
House $80,000.00
Car $5,200.00
Stock $5,519.73
HSA $3,266.18



TA $255,577.82


Liabilities

Mortgage $55,774.98
Helco $13,267.88
Car $7,717.87


TL $76,760.73

Net Worth $178,817.09

Net Worth up by over 7000.00 . It is now higher than December 31, 2019.

[tcu2003]

July Update:


Checking/Savings: $146k
House: $428k
Retirement: $1.338M
Brokerage: $4.3k
529s: $41k


Total NW: $1,957,255


As usual, the list above excludes our cars they're 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.


We're up about 5% over June - our combined retirement accounts went up over $90k since last month, which blows my mind. We are now back up over where we were in December 2019/January 2020.  Maybe there's a chance after all we hit the next big milestone by the end of the year. 

[Deleted]

Ok, I HAD to update today just because the stock market is at a crazy high which got me to a milestone!  Might be gone tomorrow, but I'm going to enjoy the moment. 


Mortgage - $92980
CC debt - $1900

Total Debt $94,880

Cash and Savings - $65,653
529s - $60,107
Retirement - $576,520
House - $300,000
Total Assets $1,002,280      


Net Worth $907,400 (increase of $77,792 since 7/1/20)

[ners]

August 31, 2020 Net Worth


Assets



Cash $16,137.02
Retirement $151,199.24
House $80,000.00
Car $5,050.00
Stock $5,799.31
Health Savings Account $3,966.51

 Total Assets $262,152.08


Liabilities

Mortgage $55,634.23
Helco $13,142.13
Car $7,547.77

Total Liabilities  $76,324.13


Net Worth  $185,827.95



Just plugging along.  Up over 13,000 year to date.

[cronewitch]

Investments          1,074,807.00

House                      417,000.00

bank accounts              4,000.00

Total assets           1,495,807.00



Debt mortgage         280,325.00

Net Worth             1,215,482.00

I never figure out net worth just watch investments this is fun.

[Lizard Queen]

I guess we're at about $750k now. Market gains plus no commuting or daycare costs.

[tcu2003]

August Update:





Checking/Savings: $149k

House: $428k

Retirement: $1.417M

Brokerage: $4.5k

529s: $44k





Total NW: $2,042,447




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.





We're up about 4% over July- our combined retirement accounts went up over $79k since last month.

We also hit $2M this month, which has been a stretch goal for the last couple of years, so yay!

[forwardwego]

Update for end of August 2020

Bank Accts: 18,000

Retirement Accts: 218,700 
C&J $: 23,700

Real Estate: 600,000

Cars: 39,100

Assets: $899.5K 


Mortgage: $95,651 
T & I: $2,800

Liabilities: $98.5K


NetW: $801K (up $8K in 2 months, up $31K in 10 months)


ETA: and super happy to have crossed the 800k benchmark 

[shanendoah]

We're in the process of refinancing that house (again), so I've counted the house debit as what the new value on that will be, which is $7k more than it was, but with a significant drop in interest rate. We'll end up keeping our mortgage payment what it was, and the equity will grow. We also bought a new car using 0% financing, so our debits have increased. But we're also still saving, and we have overall been spending less money while staying at home, so we have been saving more regularly. (I will probably be turning some of the liquid savings into a ROTH for me, if we're at the same level or more at the end of the year.)
The best thing about tracking net worth, for me, is seeing the growth. It has been almost a full year since I started this thread (10/23/19), and in that year, our net worth has grown by $80k. That is super exciting and motivating to me. Also, we're at almost $1mil in total assets, which is also exciting to me.

Age: Shanendoah- 44;  C-46
Income: ~$132k/yr (combined)

Mortgage: $522,500
Car Note: 37,179
Debts Total: $559,679

Savings: $16,217
S Retirement Accounts: $209,604
C Retirement Accounts: $27,036
Investments: $2,082
House: $708,778
Timeshare: $1,500
Car: $30,000
Assets Total: $995,217

Net Worth: $435,538
Previous : $413,704
Change: 21,834

[Rukh O'Rorke]

Last update was in early July I think, so seems like time for a quarterly update.            


Roths                               130,568.03
401k and Rollovers            995,183.56
Other: EF, ESOP, HSA          45,291.93

Total Liquid                    1,171,043.52

House Value                      509,250.00

Total Assets                     1,680,293.52



mortgage                          243,379.60
Student Loans                   102,463.27

Total Liabilities                   345,842.87

Net Worth                       1,334,450.65



Looks like I am up about 48k for the quarter based on my spreadsheet, which I will take as a solid step forward. 

[ners]

September 30 Balance

Assets



Cash $16,172.51

Retirement $148,181.32

House $80,000.00

Car $4,900.00

Stock $5,661.70

Health Savings Account $4,316.51







Total Assets  $259,232.04


Liabilities



Mortgage $55,492.87

Helco $13,010.39

Car $7,376.05




Total Liabilities $75,879.31


Net Worth  $183,352.73


Net Worth down 2475.22  Oh well still up for the year.

[tcu2003]

September Update:


Checking/Savings: $154k
House: $428k
Retirement: $1.370M
Brokerage: $4.4k
529s: $43.7k


Total NW: $1,995,996


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.

We are down about 2.25% since August, due to the market. 


Lame - the milestone has been erased, but I guess that means I can celebrate it again. Although if I include our cars, we're technically still at said milestone.