Net Worth Update - July 2019
|July 2019 Net Worth Update|
June saw the S&P 500 climb another 1.3% continuing the climb after the drop in May. It makes it more difficult for value/dividend growth investors, but the by-product is that my net worth certainly likes it. And the $400+ of dividends helped out as well.
During July my net worth increased $13,222.13.
Total Assets: $802,577.46
Liquid Assets: $305,840.95
Total Liabilities: -$181,257.11
Net Worth: $621,320.35
During July my net worth rose 2.2% and is up 21.9% YTD. Compared to June 2018 my net worth has seen a rise of $48k+.
Our main goal for 2019 continues to be reducing our non-mortgage debt. As of the end of July we have just over $24.1k non-mortgage debt so we'll have our work cut out for us. We ended up making $1,700 in additional debt payments in July to help kickstart the debt reduction plan.
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 July we have 28.1% equity in our house based on our purchase price from 2013. However, according to Zillow our house has increased in value around $42.8k 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 40.0%.
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 July 2019|
|Net Worth Breakdown - July 2019|
|Capital Structure - July 2019|
How did your net worth fare during July? Are you continuing to make progress to kick off the second half of 2019?
Please share your thoughts below!