|February 2017 Net Worth Update|
February sure was an interesting month with the DJIA setting all-time records on 65% of the possible trading days during the month. That's crazy. The S&P 500 climbed higher by 3.7% during hte month which helped to boost up the asset side of the net worth equation. Of course the $275 in dividends helped too.
For the month our net worth increased $5,061.37.
Current Assets: $656,868.71
Current Liquid Assets: $228,647.14
Current Liabilities: $182,006.58
Net Worth: $474,862.13
It's amazing what a little bit of income can do to flip things in your favor. As many of you know the calendar turning to February meant that I was heading back to work so our consistent cash draw finally came to an end now that paychecks are rolling in. Even after shelling out ~$7k for property taxes, ugh just typing that makes me cringe, we still improved our cash reserves and of course the markets' did their part to move our net worth into positive territory.
For the month our net worth increased 1.08% and YTD we've shown a gain of 0.99%.
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 February we have 24.5% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value $22.3k 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% due 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 February 2017|
The liabilities are much simpler and fall into either the mortgage or a personal loan that we have. Although I do need to gather more information on the various medical, funeral and other debts that total around $40k to give a more accurate representation of our liabilities.
|Net Worth Breakdown - February 2017|
Non-Work Cash Flow
Truly passive income, dividends and interest, totaled $282.36 during February which barely eeked out a gain compared to November's $279.99. *Dividends are from my taxable accounts only.
Adding in the EBIT earned from blogging/writing added another $176.39 to the monthly non-day job income total. Total non-day job income for February came to $458.75 which is about a 12% decrease from November. Yikes! Although I'm not too concerned since the actual passive income showed a gain.
I mentioned in January's update that was setting a goal of reaching $10k in non-day job income with a stretch goal being hitting $11k. That's not a huge increase over 2016's $9.4k, but I don't expect much in the way of new investments until maybe Q4 of this year since we really need to focus on paying down some debt.
Including dividends, interest and blogging income we've generated $990.53 of additional income through February. We're 9.9% of the way towards our goal of $10k, but March should go a long ways to getting us closer to that goal.
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How did your net worth fare in February? Did you ride the markets higher or hit a bit of a speed bump?
Please share your thoughts below!
Image courtesy of holohololand on FreeDigitalPhotos.net.