Asset Milestones | Net Worth Update - November 2017
|November 2017 Net Worth Update|
The bull market continued on its way during November with the S&P 500 gaining 2.81% for the month. While I'd prefer to see lower prices if I was buying, I can't say my net worth is disappointed with this bull run in the least. November's move higher boosted my assets across the $700k mark which I can honestly say I didn't see coming at this time last year.
During November alone my net worth increased $19,086.47.
Current Assets: $703,472.78
Current Liquid Assets: $250,957.40
Current Liabilities: $-179,642.07
Net Worth: $523,830.71
My net worth increased 3.8% during November and has climbed over 11.4% YTD.
While it's great to see the net worth over $500k and assets over $700k, the thing I'm most excited about is that we're back to being cash flow positive by a few grand each month. That extra cash flow will be aimed at the bit of debt that we have to free up our income to go towards savings and investing instead of towards debt. We'll likely be a bit conservative with our debt pay down for the next month or two in order to get a bit of a cash buffer, but after that it'll be full steam ahead.
At this time I don't see much reason to pay 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. Actually I'm considering trying to do a refi sometime after Q1 is over. 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 25.6% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value just over $32k 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 35.2% 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 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 - November 2017|
Non-Work Cash Flow
Truly passive income, dividends and interest, totaled $263.98 during November which was about a $22 decrease from August. Although there was a decline it was just due to the timing of dividend payments. *Dividends are from my taxable accounts only.
With my writing taking a back seat the past few months the EBIT from blogging/writing was a big, fat ZERO for November. So total non-day job income for November stayed at $263.98. YTD I've received $6,129.19 in non-day job income.
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Is your net worth riding the bull market wave to new heights?
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