Net Worth Update - September 2019
|Net Worth Update - September 2019|
The S&P 500 rebounded in September climbing 1.7%, but that wasn't without increased recession fears and an escalating trade war. Due to savings, the markets, dividends and debt reduction my net worth showed a solid rebound as well.
During September my net worth increased $14,528.88.
Total Assets: $816,274.13
Liquid Assets: $310,610.30
Total Liabilities: -$176,515.13
Net Worth: $639,759.00
During September my net worth rose 2.3% and is up 25.5% YTD. Compared to September 2018 my net worth has seen a rise of $47.8k+.
Our main goal for 2019 continues to be reducing our non-mortgage debt. I'm pretty stoked to announce that the car loan for my wife's car is paid off. Finally! There's now just under $20k of non-mortgage debt remaining on the balance sheet.
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 September we have 28.4% equity in our house based on our purchase price from 2013. According to Zillow our house has increased in value around $44k 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 September 2019|
|Net Worth Breakdown - September 2019|
|Capital Structure - September 2019|
How did your net worth fare during September? Have you made good progress through the first 3 quarters of the year?
Please share your thoughts below!