Current Assets: $564,100.80
Curent Liquid Assets: $184,744.78
Current Debts: -$189,991.47
Net Worth: $374,109.32
My monthly changes have smoothed out after the decrease in January and then record setting February. March, April, and now May have all been about the same in net worth improvement so it's good to see things settle down a bit. Liabilities are pretty much just the mortgage on our house which we now have 20.82% equity in our house. I don't see the point in paying extra on the mortgage given our relatively low interest rate and think we'll come out much further ahead investing extra cash flow for the time being.
May's increase was a 2.50% improvement over April's end and year-to-date I've had an increase of $53,995.10 for a 16.87% improvement from the end of 2013. My goal for the year is to have a $125,000 increase in my net worth, and so far I'm 43.20% of the way towards my goal. I'm pretty much exactly on pace to reach my goal as we're 41.67% of the way through the year as of the end of May. Of course, there's no telling what the investment assets will do towards my progress towards that goal the rest of the year.
I've changed the chart for my net worth to better reflect our situation now that there's significant debt on the books with our mortgage. The chart will now show both assets and liabilities as well as the net worth. I also changed the colors because I didn't notice this until April but assets were red and liabilities were green. So that's now been fixed.
My after-tax savings rate for May came in at 71.13% which is well over my goal of 50%, so I'll be looking to increase that target during my half year review post. So far this year I'm averaging a 57.09% investment savings rate which I think is awesome. I don't expect to have too many other big expenses or items to save for the rest of this year so almost all excess cash flow will be funneled directly into savings for investment purposes. This should help increase my savings rate throughout the rest of the year. This is a big drop-off from 2013's 81.31% rate, but that's because I changed the way I calculate my savings rate. It's now just savings from my after-tax income that is specifically marked for investment. I think this gives a purer savings rate since it's only true savings/investment capital.
It's great to see a new trend forming in my liquid assets expense coverage after the 3 month decline towards the end of 2013. I've got a new streak going with 4 consecutive months of increases and I hope to keep that up throughout the rest of the year. As expenses hopefully head lower and savings move higher this ratio should continue to increase in most months. Based on my expenses from May, my liquid savings would last for 6.09 years, a 0.35 year increase from April.
Also, I'm starting a newsletter and I hope to get the first edition out over the next week or two so go on and sign up to receive new posts to your email and newsletter! Also you'll be the first to hear about new things that I have in store for the blog. And be sure to follow me on Twitter@JC_PIP to get up to the minute news of new purchases for my portfolio.
How did your net worth do in May?