It’s the middle of the month and as regular readers know, that means it’s time to calculate my net worth. Last month, my net worth dropped from 207K to 206K – pretty good performance considering the drop in the stock market hurt my retirement accounts. This month, I’m up $4500 for a total net worth of $210,770. The retirement accounts made a slight comeback, but I also contributed to my 401k greatly over the last month. To date, I’ve contributed around $8300 to my 401k plan, so I’m behind where I need to be to max it out for this year.
I moved a lot of cash out of my regular checking to pay down my home equity line of credit. This is a move that effectively makes me 7% by doing nothing. I’m pretty excited having it down to around $5,000. I could realistically put another $2500 in it to cut it in half, but I like having a little extra cash cushion. I’ll likely move a thousand in the next few days and possibly two thousand next month. With a little effort, I will finish pay it off before the end of the year.
I could have possibly achieved a great net worth, but the housing market for my investment property is a little down. This is according to Zillow. Many doubt Zillow’s accuracy, but for my condo, it’s very good. In fact, I logged onto a real estate agent’s website and found the value should be within around a thousand or two of what I would expect.
I’m starting to get quite used to a growing net worth. It gives me a little something to look forward to each month. At some point, soon, I should project the growth 5, 10, 20, and 30 years in the future to see exactly how close I am to my retirement goals.