Net Worth Update - November 2018
|November 2018 Net Worth Update|
The S&P 500 rebounded 1.8% during November after October's ugly 6.9% drop. The rise in the markets helped to boost my net worth along with the dividends and savings throughout the month.
During November my net worth increased $8,547.43.
Total Assets: $743,044.23
Liquid Assets: $271,638.84
Total Liabilities: $-167,007.29
Net Worth: $576,036.94
November's rebound in the markets, coupled with savings from my day job and dividends helped to boost my net worth by 1.5% for the month and YTD it's increased 7.8%.
Our main financial target for 2018 is to pay down our non-mortgage debt. There's a variety of things that just kind of came up as life happened. Some medical debt, a vehicle, an unexpected new air conditioning for the house. Nothing out of the ordinary, but burdensome nonetheless. The air conditioning is gone already; however, we've since changed our priority to stock piling cash now that we're expecting another child.
At this time it doesn't make much sense 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. 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 27.1% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value around $29.6k 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 jumps to 35.8%.
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 2018|
|Net Worth Breakdown - November 2018|
|Capital Structure - November 2018|
Did your net worth rebound along with the markets during November?
Please share your thoughts below!