Net Worth Update - April 2017
|April 2017 Net Worth Update|
April saw the S&P 500 climb higher by 0.91% which certainly helped to move the net worth higher. It's great to see the net worth climb because of the markets, but personally I wouldn't mind seeing them take a step back for a couple months. Of course, what's really exciting is seeing the $320+ of dividends coming in for the month which is a step in the right direction on our journey to financial independence.
For the month our net worth increased $7,018.57.
Current Assets: $664,235.73
Current Liquid Assets: $230,756.88
Current Liabilities: $181,488.38
Net Worth: $482,747.35
I have to say that it's great to see a $7k increase for a month. This was actually the largest increase we've had in nearly a year mainly due to the fact that we're now back to being a two income family. Having two incomes sure does help to move the needle in the right direction.
For the month our net worth increased 1.48% and YTD we've shown a gain of 2.667%.
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 24.7% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value just over $21k 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 31.4% 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 April 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 - April 2017|
Non-Work Cash Flow
Truly passive income, dividends and interest, totaled $290.54 during April which was an ever so small increase from January' $288.61. *Dividends are from my taxable accounts only.
Adding in the EBIT earned from blogging/writing added another $257.77 to the monthly non-day job income total. Total non-day job income for April came to $548.31 which is around a 3% increase from January.
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 $2,877.41 of additional income thus far through April. We're 29% of the way towards our goal of $10k so we're just slightly behind the required pace which will need to be made up for primarily from writing.
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How did your net worth fare in April?
Please share your thoughts below!
Image courtesy of holohololand on FreeDigitalPhotos.net.