Net Worth Update (+2.6%)

by iam1percent on September 2, 2014 · 3 comments

Click here to see my current net worth. The month of August ended up.  Overall, my net worth increased by $47,793 since my last update early August.  My net worth would’ve been about $10,000 higher had it not been for

  • $5000 in repairs at my rental property
  • $2000 in interior painting services at our primary home
  • $3,000 diamond bracelet for my wife’s birthday (also anniversary and push present)

It helped that the stock market recovered from the July loss.  We also continue to not collect any income from my wife’s part-time job due to her maternity leave, which was planned and expected. Additionally, 1 of our rental properties has been vacant since May, so we continue to not collect any rent while paying a mortgage for that property.  I am in the process of selling it since it has been a huge headache.  I recently put it on the market 1.5 weeks ago and already have an offer.  I’ll write a post on this at a future date.

The major drivers of the net worth decease were:

  • Broad stock market gains

As stated in a prior post, I have opened up two taxable investment accounts with Betterment and Wealthfront.  So far, they are performing as expected relative to the market, but I will have them broken out on my net worth page so you can track the results of these two companies.

How did you do in the month of August?  Also, see how the rest of the other personal finance bloggers are doing by heading over to Rock Star Finance.

Thanks for visiting I Am 1 Percent. Please subscribe so that you will receive all the latest posts directly to your email!

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Net Worth Update (-1.6%)

by iam1percent on August 7, 2014 · 3 comments

Click here to see my current net worth. The month of July ended slightly down.  Overall, my net worth decreased by $28,698 since my last update early July.  It was a brutal month from a stock market perspective, especially at the end of last week.  We also continue to not collect any income from my wife’s part-time job due to her maternity leave, which was planned and expected. Addtionally, 1 of our rental properties has been vacant since May, so we continue to not collect any rent while paying a mortgage for that property.

The major drivers of the net worth decease were:

  • Broad stock market loss

As stated in a prior post, I have opened up two taxable investment accounts with Betterment and Wealthfront.  So far, they are performing as expected relative to the market, but I will have them broken out on my net worth page so you can track the results of these two companies.

How did you do in the month of July?  Also, see how the rest of the other personal finance bloggers are doing by heading over to Rock Star Finance.

Thanks for visiting I Am 1 Percent. Please subscribe so that you will receive all the latest posts directly to your email!

{ 3 comments }

7 High Costs of Renting Out Vacation Homes

April 8, 2014

Owning a vacation home is a great accomplishment for many – whether they plan to use the properties as retirement homes, frequent personal getaways or vacation rental properties. A second mortgage for a vacation home is, of course, a debt each borrower should take on with caution to avoid excess financial risk. Vacation home buyers […]

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Net Worth Update (+3.3%)

April 7, 2014
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