Net Worth Update - March 2017
|March 2017 Net Worth Update|
March finally quieted down after the historic run since Trump's election. The S&P 500 actually declined ever so slightly by 0.04%. So the markets didn't do much to help out my net worth. Nevertheless, those dividend payments of nearly $850 came in handy and actually accounted for nearly 100% of the net worth increase.
For the month our net worth increased $866.65.
Current Assets: $657,476.78
Current Liquid Assets: $228,071.39
Current Liabilities: $181,747.99
Net Worth: $475,728.78
March wasn't quite as fruitful as February in terms of net worth improvement, but we're at least moving in the right direction. Despite a big start to March, the markets did a whole lot of nothing the rest of the month. With my income becoming fairly steady we should be able to start counteracting the blah months for the markets, but unfortunately most of my income will start to be funneled towards debt reduction. It's the right move in the long term, especially since the markets aren't exactly screaming value everywhere, and I can't wait to finally knock this out and get back to regular investing. As of now I'd ballpark the end of this year at the earliest before we can resume heavy investing of our free cash flow. Sigh.
For the month our net worth increased 0.18% and YTD we've shown a gain of 1.18%.
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 March we have 24.6% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value $20k 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 30.9% 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 March 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 - March 2017|
Non-Work Cash Flow
Truly passive income, dividends and interest, totaled $843.91 during March which was a slight dip from December's $865.95. *Dividends are from my taxable accounts only.
Adding in the EBIT earned from blogging/writing added another $494.66 to the monthly non-day job income total. Total non-day job income for March came to $1,338.57 which is a 28% increase from December. That's more like it!
I mentioned in January's update that I 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.
Including dividends, interest and blogging income we've generated $2,329.10 of additional income through March. We're 23% of the way towards our goal of $10k so we're just slightly behind the required pace.
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How did your net worth fare in March? Did you have a similar lull with your net worth or did savings help propel you higher?
Please share your thoughts below!
Image courtesy of holohololand on FreeDigitalPhotos.net.