It’s that time again! I like net worth updates and restarted them last month. Posting them pushes me to try harder. I also started blogging so I could share with all of you and get feedback.
Net Worth Update – March 2015
Cash (in all checking and savings accounts) – $72,300
Stocks – $17,450
Retirement – $135,325
Home – $285,000
Rental House – $125,000
Cars – $21,000
Home – $199,000
Car – $14,000
Total Net Worth = $443,075
February 2015 – $435,275
Total Change – +$7800
I under-estimate the value of our property like houses and cars. If I post it, that means that I think I can sell those things at those prices in less than a month. I base my estimates for our real estate off of current home sales prices, deals in my area, and Zillow (which thinks our main home is worth $340,000, which I think is nut balls). Our cars are based off of Kelley Blue Book and what I see on Craigslist
Our homes’ property values will also probably continue to go up over the next few years thanks to a new Exxon Mobile business development that is bringing in 10,000+ people. That’s going to suck for our property taxes, but not for our net worth.
In the short term, we are working on keeping our expenses as low as possible and increasing our income.
How have you been doing lately? What are your short-term and long-term financial goals?