Current Assets: $609,996.10
Current Liquid Assets: $207,002.37
Current Debts: -$187,680.76
Net Worth: $422,315.34
March's increase wasn't as great as February's $17k jump but with the markets being volatile I'll take a slow steady increase. I made a lot more purchases for my FI Portfolio during March than I was originally anticipating but considering I'm always on the lookout for excellent companies selling for cheap prices, I went ahead and made the moves. My net worth is now solidly above the $400k level, but depending on what kind of mood Mr. Market is in he could easily wipe that out over a couple weeks. Over the next couple months the plan is to try and rebuild our emergency fund to a more comfortable level and then start aggressively investing once again. Although I hope to be able to still make at least one purchase per month in the meantime.
My net worth at the end of March showed a 0.57% increase from February 2015's tally. YTD there's been a small 1.05% increase in our net worth or a total of just over $4.000. I haven't set any goals yet for my net worth because there's just too much in flux with our financial house to be able to come up with reasonable goals. The net worth goal has always been a secondary goal anyways since a lot of it is out of my control since I invest primarily in the stock market. I'll just continue to focus on what I can control which is maintaining a high savings rate and investing in high quality companies at fair prices.
Liabilities continue to be 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 the extra cash flow. So the liabilities side of the net worth equation will be slow moving. However, once the FI portfolio is able to get to a self-sustaining level of dividends then I'll aggressively pay down the mortgage. As of the end of March we have 21.87% equity in our house.
The following chart shows my assets and liabilities, as well as my net worth, since January 2012. While I have accurate records for my net worth dating back to July 2010, I didn't keep track of my assets and liabilities on a monthly basis until the start of 2012.
March finally saw a move back into positive territory for the savings rate but it was quite disappointing. The combination of higher than normal expenses and lower than normal income resulted in a paltry 14.7% after-tax savings rate. This should start to trend back higher but I'm not expecting to hit 50%+ on a consistent basis for a while.
Based on my expenses from March, my liquid savings would last for 5.59 years. That's a 0.99 year decrease from February. Luckily though that is due to the fact that my expenses were very high this month which should correct itself over the coming months.
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How did your net worth fare in March? Did you get started off on the right foot towards your financial goals for the year?