I'm pretty happy with the gain in my Networth this month. In the middle of the month, it did not look so good due to dips in the market. Here is how things ended up:
- Rental Property - $137,000
- Primary Residence - $193,000
- Car - $29,500
- Retirement - $43,309.32
- Cash (checking & savings) - $42,031.54
- Brokerage - $3,514.14
- Household Items - $7,500
Total Assets: $455,822.00
- Rental Property Mortgage - $150,439.07
- Primary Home Mortgage - $183,470.25 (1st and 2nd mortgage)
- Car Loan - $25,592.57
- Student Loan - $22,223.81
- Credit Cards - $10,694.62
Total Liabilities: $392,420.32
Net Worth: $63,461.68; change from prior month = 5.49%
Comments: My non-mortgage debt continues to decrease although not at a rate I would like. I was able to decrease my debt from $59,261.20 at the end of September to $58,511.00 at the end of October for a change of roughly 1.3%. My goal is to be less than $56,000 by the end of the year.
My credit card debt is as follows: $7506.81 @ 2.99% until balance is paid, $3150 @ 0%. The remaining balance of $37.81 is for charges that will be paid in full next month.
If my offer is accepted on the investment property I am considering purchasing, that closing will occur this month which will take a major chunk of my cash.