Current Assets: $580,173.68
Curent Liquid Assets: $192,221.19
Current Debts: -$189,307.82
Net Worth: $390,865.86
August's increase was very much welcomed after the unexpected decline in July. It was great to start moving in the right direction again for my net worth. I made several purchases in my portfolio and even started a new portfolio with Loyal3 during August. Liabilities continue to make very little progress and consist of just the mortgage on 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. So we make very little progress on the mortgage each month but we are up to 21.13% equity in our house.
August's net worth increased 3.02% from the end of July and year-to-date I've had an increase of $70,751.64. My goal for the year is to have a $125k increase but that will require a pretty solid close of the year to reach. We're now 66.7% of the way through the year and I'm only at 56.6% so I'm a full 10% behind schedule right now and need to average over $13,500 per month increases to hit my target. The net worth goal is more of a secondary goal since so much of it is out of my hands. I can maintain a large savings rate and invest those savings but I can't make the markets go up. And I have no idea where they'll go from here. If they continue to march higher or even stay flat then there's a chance I can still reach my goal but if they trend down the rest of the year it's probably not likely. Although I'd prefer that so I can get some better long term values when I invest my capital.
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 August came in at just 62.82% which is unfer my goal of
Based on my expenses from August, my liquid savings would last for 5.77 years, a 0.45 year decrease from July. Despite the net worth increase that wasn't enough to overcome the much higher than normal expenses during the month. September will hopefully get this moving back in the right direction with hopefully another solid net worth increase and a normalization of expenses.
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How did your net worth do in August?