Net Worth Update - November 2016
|November 2016 Net Worth Update|
In November the stock markets, via the S&P 500, were a bit hesitant to start the month but ended it with a bang after Trump's surprising victory in the election. All told the S&P 500 climbed over 3.4% during November. Since a large portion of my net worth is tied to the performance of the markets my net worth typically moves in line with said markets. Of course pulling in over $250 in dividends helped out as well.
For the month our net worth increased $4,228.08.
Current Assets: $650,645.22
Current Liquid Assets: $230,487.00
Current Liabilities: $182,776.26
Net Worth: $467,868.96
We finally broke the 4 month streak of net worth drawdowns and ended November with a solid $4k improvement. Much of the increase was due to the rally in the markets after Trump's victory in the election.
For the month our net worth increased 0.91% although year to date it's climbed 13.23%.
At this time I don't see much reason in paying extra on the mortgage given our relatively low interest rate as well as the tax break on mortgage payments 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 the plan is to aggressively pay down the mortgage.
As of the end of November we have 24.1% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value $23.5k from our purchase price which is a nice bonus, although I keep the purchase price as the value in the net worth equations. Based on Zillow's estimate the equity in our house is 31.5% thanks to the appreciation.
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.
|Net Worth History through November 2016|
|Net Worth Breakdown - November 2016|
Adding in the gross income earned from blogging/writing added another $242.03 to the monthly non-day job income total. I don't think anyone out there would complain about an extra $500 coming their way each month that isn't tied to their day job. Although admittedly I hope to find a way to boost up the blogging/writing income in 2017.
We've still got a long ways to go to reach our goal of financial independence, but we're heading in the right direction. Year to date we've generated just under $8.4k outside of traditional employment sources via dividends, interest and blogging/writing.
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How did your net worth fare in November? With one month left in 2016 are you on track for your net worth goals?
Please share your thoughts below!
Image courtesy of holohololand on FreeDigitalPhotos.net.