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!

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Net Worth Update (+1.2%)

by iam1percent on July 1, 2014 · 5 comments

Click here to see my current net worth. The month of June ended slightly up.  Overall, my net worth increased by $22,038 since my last update early June.  Our net worth increase would’ve been higher, but my wife’s employer is changing her pay schedule, so her June paycheck won’t arrive until 7/15.  We used to get the paychecks at the end of the month.  Additionally, I spent about $4,250 for upgrades to my rental property.

You will also notice that my liabilities dropped significantly.  This is due to a decision to pay off my low rate auto loan….just to get it off the books.

The major drivers of the net worth increase were:

  • Broad stock market gains
  • Living below our means

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, 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 June?  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 (-1.2%)

May 2, 2014
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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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