It’s that time again! I like net worth updates and restarted them a couple of months ago. 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 – April 2015
Cash (in all checking and savings accounts) – $74,000
Stocks – $17,250
Retirement – $134,750
Home – $290,000
Rental House – $125,000
Cars – $20,500
Home – $198,700
Car – $13,700
Total Net Worth = $449,100
March 2015 – $443,075
Total Change – +$6025
Our increase this month was mainly due to cash on hand and our home’s value. We made a little more than usual thanks to our side hustles (pet sitting and sports officiating). Our home could sell for $290k now instead of $285k like last month. We actually lost a little money in our retirement and stock accounts, but the rise was higher. That’s a win.
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 low and increasing our income. I’d also love to hit a net worth of $500,000 by the end of 2015, but the market would need to be with me, LOL.
How have you been doing lately? What are your short-term and long-term financial goals?