The Streak Continues | Net Worth Update - December 2017
|December 2017 Net Worth Update|
The bull market continued on its way during December with the S&P 500 gaining 0.98% 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. Fortunately for me we're at a point where valuations are high and investment opportunities are hard to come by right when we're trying to pay down debt.
During December my net worth increased $10,666.86.
Current Assets: $713,871.69
Current Liquid Assets: $251,148.06
Current Liabilities: $-179,374.12
Net Worth: $534,497.57
My net worth increased 2.0% during December and has climbed 13.7% YTD. What's fun to see is that December marked 11 straight months of net worth gains which is my longest streak since June 2012 through December 2013.
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 December we have 25.7% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value just over $35.6k 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 36.1% 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 December 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 - December 2017|
Non-Work Cash Flow
Truly passive income, dividends and interest, totaled $910.35 during December which was about a $4 increase from September. *Dividends are from my taxable accounts only.
With my writing taking a back seat the past few months the EBIT from blogging/writing has been fairly negligible the past few months. However, December did see $72.42 of EBIT which pushed the total non-day job income for December up to $982.77.
For all of 2017 I had a total of 7,111.96 worth of income outside of a traditional day job.
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Is your net worth riding the bull market wave to new heights?
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Image courtesy of holohololand on FreeDigitalPhotos.net.