Net Worth Update - February 2019
|February 2019 Net Worth Update|
The S&P 500 continued it's rally from December adding another 2.97% during February. Since a large portion of our net worth is tied to the stock market our net worth saw a nice bump. Of course the dividends that rolled in helped as well.
During February my net worth increased $20,197.61.
Total Assets: $744,826.87
Liquid Assets: $279,098.99
Total Liabilities: -$188714.66
Net Worth: $556,112.22
That's a solid 3.7% increase from the end of January and outpaced the markets climb.
We've now recovered ~70% of December's market selloff induced decline. December also included the addition of a car loan for my new car as well as the asset write-down, just on our own books, of the vehicles. I don't consider our vehicles assets and noticed that I had them included in the calculation for the asset side of the net worth. The liabilities were unaffected by the write down.
Our main goal for 2019 continues to be reducing our non-mortgage debt. As of the end of February we have a roughly $30.2k non-mortgage debt balance so we'll have our work cut out for us. However, for the time being conserving extra cash is going to take precedence since we have a new baby on the way coming in April!
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 February we have 27.4% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value around $29.9k 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 36.2%.
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 February 2019|
|Net Worth Breakdown - Februuary 2019|
|Capital Structure - February 2019|
How did your net worth fare during February?
Please share your thoughts below!