Net Worth Update - August 2019
|August 2019 Net Worth Update|
The S&P 500 went everywhere and nowhere during August seeing 3 pullbacks to nearly 4% below July's close, but rallied back each time. By the end of August the markets had calmed some and the S&P 500 closed down 1.8% from July. Luckily, due to savings, dividends and debt reduction, as well as a small allocation to gold related stocks that really took off, my net worth was able to show an increase.
During August my net worth increased $3.909.77.
Total Assets: $803,553.28
Liquid Assets: $306,939.11
Total Liabilities: -$178,323.17
Net Worth: $625,230.12
During August my net worth rose 0.6% and is up 22.6% YTD. Compared to August 2018 my net worth has seen a rise of $43.5k+.
Our main goal for 2019 continues to be reducing our non-mortgage debt. As of the end of August we have just over $21.5k non-mortgage debt. We ended up making $2,000 in additional debt payments in August and I can finally say that one of the car loans will be gone in September.
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 August we have 28.2% equity in our house based on our purchase price from 2013. According to Zillow our house has increased in value around $45k 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 40.5%.
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 August 2019|
|Net Worth Breakdown - August 2019|
|Capital Structure - August 2019|
How did your net worth fare during August?
Please share your thoughts below!