Net Worth Update: $940,412.06 [+$20,873.72 or +2.27%]

by J. Money -

net worth report - july

Alriiight, back to the cold hard numbers!

Net worth report #138 in a row here without missing a beat – even while on sabbatical :)

I took these snapshots at the first of the month before the chaos ensued so the numbers would prob. be lower today, but as we do every month we ignore all that happens in the middle there and focus only on our monthly check-ins. A looooot can happen in between the weeks, so we just keep steady and do our best to stay away from the distractions! It’s not a daily play we’re after here, it’s a long-term one!

So with that, here is the breakdown of July’s numbers as part of our Net Worth Series

Net Worth Report #138: July, 2019

CASH SAVINGS: $49,128.20 (+$1,978.17) — A nice bump after a few months of losses througout all the house stuff! Most of this comes from a check that’s been owed for months, but I’ll take a win wherever I can get one :)

BROKERAGE: $0.00 (n/a) — Still staying quite on this end for now… Want to get our savings up over $50,000 first and will then think about where to shoot the extra savings into. Though knowing me it’ll all get plowed into the newly attained mortgage as the idea of being debt-free again tends to trounce everything!

THRIFT SAVINGS PLAN (TSP): $22,202.93 (+$1,207.64) — Three years now with the wife back into the workforce and the benefits are piling up! It’s so much nicer being DIKs vs SIKs ;)

ROTH IRAs: $168,884.44 (+$3,478.18) — A nice little bump here, though of course hard to really get too excited since I already know they’ve been wiped out by now, haha…

SEP IRA: $621,244.50 (+$12,996.75) — Same with this guy here – though it sure was nice to see back on August 1st when I ran the numbers! Here’s the screenshot I took on the same day too:

vanguard returns

Almost $300,000 growth since 2015! Wild! And all our money here btw is in VTSAX, for those new to the site… You can read more about why here if you haven’t come across it yet.

HOME VALUE: $337,000.00 (n/a) — A stable boring number here as we leave it be for the next 6 months until we get our realtor to update it for us! I find this a much more pleasurable – and accurate – strategy than tracking the yo-yo fluctuations of Zillow et al… And plus since we literally just bought it it’s as close to true market value as you can get ;)

CAR VALUES: $8,977.00 (+$38.00) — There they go increasing in value again! Haha… But similar to our monthly net worth tracking here, I continue to track it the same way every month in order to stay consistent. Which is basically just clicking over to KBB.com and copying over the updated numbers.

Here’s what they say both cars are currently worth:

  • 2008 Lexus RX350: $6,768.00 (-$9.00)
  • 2005 Toyota Corolla: $2,209.00 (+$47.00)

MORTGAGE: $267,025.01 (-$1,174.99) — We finally have accurate numbers to report now, woo! After all the switching around our servicers were doing, we now have access to a portal we can log into and see up to date numbers which is great. Especially when you can see the totals go DOWN every month vs UP! Which means all our extra payments are working their magic! :)

And that’s the end of our net worth breakdown!

Total change in net worth this month: +$20,873.72

And then which is always more interesting to see – the last twelve months of reports to better put things in perspective:

net worth - last 12 months

Check out that delta from December to today – an almost $150k change! And then if you compare from this time last year to today, it’s about a $50,000 change. Which is a lot less exciting, but exactly how the game goes (at least if you’re heavily invested into the markets).

Here’s the breakdown of those past 12 months just for fun:

And then lastly, here’s how our kids’ net worths are looking:

baby net worths

That’s Baby Dime up there exploring some nature, who also got a $5.00 bill randomly from Grandma this month giving his savings a 20% bump, haha… He and his brothers are all enjoying their new home, and even more so playing with each other :) Which makes it a lot easier on their parents!

And that’s July! Overall a solid month without much drama as it waits for August to more than make up for it ;)

How did you guys do??? Anything exciting happen?!

Will be back in just a couple more weeks to update everything for August, but in the meantime – keep your heads down and your savings up! You can’t control everything out there, but you sure can the way you manage that wallet!

XOXO,

j. money signature

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PS: If you’re just getting started in your journey, here are a few good resources to help track your money. Doesn’t matter which route you go, just that it ends up sticking!

If you're not a spreadsheet guy like me and prefer something more automated (which is fine, whatever gets you to take action!), you can try your hand with a free Personal Capital account instead.

Personal Capital is a cool tool that connects with your bank & investment accounts to give you an automated way to track your net worth. You'll get a crystal clear picture of how your spending and investments affect your financial goals (early retirement?), and it's super easy to use.

personal capital dashboard

It only takes a couple minutes to set up and you can grab your free account here. They also do a lot of other cool stuff as well which my early retired friend Justin covers in our full review of Personal Capital - check it out here: Why I Use Personal Capital Almost Every Single Day.

(There's also Mint.com too btw which is also free and automated, but its more focused on day-to-day budgeting rather than long-term net worth building)

{ 38 comments… read them below or add one }

1 Gene Roberts August 14, 2019 at 6:37 am

Up $20K is awesome.

I only edged up 9K this month to $971K.

But it was another all-time high NW for me.
(and the seventh month in a row of all-time high NW’s – up $78K in that time).

The scaredy-cat portfolio trucks on. :)

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2 J. Money August 14, 2019 at 9:08 am

Haha… You’re getting closer to that Double Comma Club! ;)

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3 Gene Roberts August 14, 2019 at 11:02 am

We both are. Let’s both hit the milestone at the same time.

How cool would that be? :)

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4 J. Money August 15, 2019 at 12:27 pm

I wouldn’t hate it :)

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5 Cubert August 14, 2019 at 7:13 am

Nice work, Boss! And welcome back!!

Nothing exciting so far this summer. Still waiting to settle my copyright fiasco with some blood-thirsty lawyers…

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6 J. Money August 14, 2019 at 9:10 am

Damn, are you serious? With the blog or something else? Really sorry to hear that, man :(

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7 Bryan August 14, 2019 at 7:31 am

-$9.00…damn that Lexus :-)

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8 J. Money August 14, 2019 at 9:11 am

I guess they’re going downhill :)

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9 Eelis Vatanen August 14, 2019 at 8:06 am

Wow! Nice bump! Inching towards the double comma! If only the market will sustain!

I see you have everything in VTSAX. It’s a good strategy, I agree. Very lazy and very profitable, too.

However, now that you’re soon to be a millionaire, have you considered optimizing your portfolio even just a tiny bit? VTSAX means you’re very much correlating with large US corporations.

I’m sure you’re familiar with the modern portfolio theory (https://www.thewealthyfinn.com/2019/07/risk-return-modern-portfolio-theory.html). Have you thought of balancing the US-heavy portfolio with other indexes, like China or Africa?

To me it _feels_ it should be a better risk-return ratio, scientifically. Still lazy though.

Thoughts?

Again, congrats!

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10 J. Money August 14, 2019 at 9:16 am

You’re probably right on that one…. I do consider tweaking it every now and then, but so far haven’t been moved to really take action as yet. Not sure if that’s because everything’s been going relatively well so far, or if I’m just lazy, but in either event I do agree it’s good to re-assess every now and then for sure :)

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11 Adam August 14, 2019 at 8:39 am

Nice to see things march relentlessly upward, even considering bumps along the way! The last week or two have been interesting — and my own company stock took a tumble the other day, thanks to a cruddy Q2 earnings report — but something about having a solid stash and a spouse with a stable job sure makes things feel a lot less scary.

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12 J. Money August 14, 2019 at 9:17 am

Haha, agreed… especially on that last on ;)

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13 Lisa O August 14, 2019 at 9:13 am

Nice Numbers!

I am working a little harder to save a little more each month too!

Little one is sooooo cute…

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14 J. Money August 14, 2019 at 9:20 am

Glad to hear it! :)

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15 Derek Olsen August 14, 2019 at 10:12 am

Nice man.

So exciting.

THIS IS THE YEAR!
(Hopefully, if it’s not, we are ALL in trouble.)

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16 J. Money August 15, 2019 at 12:28 pm

It did start to look bleak again yesterday, lol….

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17 Jennifer Martin August 14, 2019 at 10:22 am

Wow wow wow! So close now. And also, I am shocked as I always felt years behind you and suddenly our numbers are getting close to yours. It really is craZy how much can change when you invest money and let it do its thing over the years.

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18 J. Money August 15, 2019 at 12:29 pm

hell yeah!!! the more you focus on it and pour it in, the faster it goes!!

you’ll be passing m in no time, Superwoman!

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19 Elise @ Financial Fitness Fanatic August 14, 2019 at 10:57 am

Wait a sec, is Grandma playing favorites with Baby Dime?

You probably say this somewhere, but what interest rate did you get for your mortgage?

20K is no joke! Good month for you guys. I managed to double my net worth over the past three months, but it doesn’t *really* count when it’s so small to begin with. Onwards!

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20 J. Money August 15, 2019 at 12:31 pm

Haha…. Those are the exciting times though!!! It’s way more boring when you’re years into it :)

Mortgage rage: we ended up at 4.25%… right before it plummeted (d’oh)

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21 David M August 14, 2019 at 11:02 am

Where would you dump $50k in todays markets? Would you limp in or just wait for a down day, then buy all at once?

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22 J. Money August 15, 2019 at 12:32 pm
23 Slacker Jo August 14, 2019 at 11:12 am

Um, I bought a couch. And nearly lost my mind. But +$20,873.72, that’s good too :-)

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24 J. Money August 15, 2019 at 12:34 pm

Because it cost a lot or took forever to decide on?!

we still haven’t gotten our new couch to fit our place better because i just know it’ll take forever to find it/decide on :(

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25 Slacker Jo August 15, 2019 at 4:06 pm

So many layers to my couch insanity

http://slackerjo.com/essays.html

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26 J. Money August 16, 2019 at 2:35 pm

Staring for when I can grab some popcorn :)

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27 Angela @ Tread Lightly Retire Early August 14, 2019 at 11:24 am

I’ve just left our home value from zillow for PC and the bouncing up and down it’s done in the last year is driving me bonkers. But at the same time, I’m not sure I want to change the way I’m tracking it haha

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28 J. Money August 15, 2019 at 12:35 pm

As long as it’s doing the trick, keep on going :)

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29 Moneybee August 14, 2019 at 1:18 pm

I bought a couch this month. A Big Comfy Couch to replace the barely-padded tiny one we had. I expected this to drop my net worth, for the first time since I got my current job, but instead it went up a few hundred $! Once I thought about it I remembered that my debt payment gives me a guaranteed increase of like $700, even if I only pay my self-imposed minimum. (Which, by the way, is significantly more than the actual minimum!)

I was also finally allowed to contribute to a 401(k) at work. I’m doing about $400 a month. Since it was only in for the second half of the month, I got a loss instead of a gain. Oh well. Thinking long-term.

In terms of mileage I’m still basically at the deli, since in mileage terms I only moved about 200 feet. Definitely a sign I should go there for lunch sometime.

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30 J. Money August 15, 2019 at 12:36 pm

Haha….

Pretty slick you now get to dump some money in that 401k plan though! $400 just like that! You can tell you obviously have a handle on your finances to be able to plunk that down without much worry :)

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31 Tawcan August 14, 2019 at 10:53 pm

Ohhh so close to the double comma club! But with the recent market volatility, might expect a bit of drop when you tally next month?

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32 J. Money August 15, 2019 at 12:37 pm

I don’t ever expect anything these days, whether with the market or economy or now my health or anything haha… Things seem to change so fast, so I just roll w/ the flow!

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33 Stone C. August 16, 2019 at 12:15 pm

Hey J Money, Do you still have any money in Acorns? I saw that you updated its article as recently as 2018, but I don’t ever see it in your Net Worth Update.

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34 J. Money August 16, 2019 at 2:08 pm

I don’t, no.

Not because i don’t believe in it or anything though – I still very much do! – the minimalist side of me just finally won out and I closed down the account to condense more…

plus – I’m not really the target market for it :)

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35 Chris August 16, 2019 at 3:55 pm

Why do you count home and car in your net worth? Those aren’t assets.

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36 J. Money August 19, 2019 at 12:37 pm

I like to see a snapshot of where all my major things are, which includes our cars and especially house… If you don’t keep the house in there where would it go? (And more importantly where would the mortgage go? Since certainly that’s a liability?)

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37 harmony August 23, 2019 at 8:49 pm

I’ve been reading your blog for a while but for some reason today I was inspired to figure out my net worth for the first time ever. $108,000! Thanks for the inspo, now I plan to start tracking it in my monthly budget document (but maybe not every month).

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38 J. Money August 27, 2019 at 6:03 am

WOOHOO!!

WAY TO GO, Harmony!! It gets much easier from here keeping up with it!

Especially as you inch closer to that next $100,000 milestone ;)

Keep going!!! You’re on fire now!

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