May 2017 Net Worth Update ~$339,000




 

Hello, beautiful people. Welcome back! If you checked out my last post about our April 2017 numbers, you will notice quite a large jump. Silly me – I had not added in the most recent appraisal value of our home, only the mortgages we still owe on it. No wonder we had a huge rise in net worth!

 

DoggedFI May 2017 Net Worth

The DoggedFI household combined net worth a/o May 2017

 

(On a side note, I’m really digging Personal Capital‘s latest graphical update! They now have a nice, aesthetically pleasing breakdown of relevant metrics on the main portion of the dashboard.)

 

This snapshot also does not include the value of both of our paid off cars (2010 Honda Civic and 2013 Toyota Rav4) or any of the physical assets inside of our home, so the total number is likely several thousand dollars higher. I didn’t include the vehicles’ worth because its annoying to have to adjust it for depreciation.

 

We are still hyper-focused on paying off that 2nd mortgage and it is ALMOST GONE. This coming week, I will be calling the mortage company to ask for a “payoff request”. Apparently, this is a forward-looking document that shows how much interest will accrue over the next 30 days so that you know how much money to send in for your last payment(s). We should have it completely crushed by June 15th – 20th or so. Once that happens, we will both be able to resume comfortably maxing out our individual Roth IRAs. I absolutely cannot wait!

 

 

Are there any small, medium, or large debts that you are currently working on paying off at a hellacious pace? I want to hear about it!

Comments

  • Ms. Frugal Asian Finance

    May 27, 2017 at 6:45 pm

    That’s a really nice net worth! I don’t include cars or depreciating assets in my net worth either. Who knows how much we can sell them for in case we need cash. It’s not ideal, but it makes things easier for us. Thanks for sharing!

  • DoggedFI

    May 27, 2017 at 6:45 pm

    Thanks much, Ms. Frugal Asian Finance! Good point about the value – what something goes for “on paper” may/may not be what you can sell it for in a pinch. Thanks again for reading! 🙂

  • Friendly Russian

    May 27, 2017 at 6:45 pm

    I am with you for not including car’s value in our net worth. First of all they go down in value, and the second reason being if we have to sell our cars to survive or live during ER that means we are not doing right job.

    Congrats on your numbers sir! You are doing really good job.

  • DoggedFI

    May 27, 2017 at 6:45 pm

    Thanks Friendly Russian! Yes, too annoying to continue adjusting cars for depreciation from a net worth perspective. Cheers!

  • Reid @ Wealth Rehab

    May 27, 2017 at 6:45 pm

    Nice stuff man! I don’t have any huge debt obligations but I don’t have a huge net worth either. I am trying to build that up.

  • DoggedFI

    May 27, 2017 at 6:45 pm

    Thanks friend. At least you aren’t starting out in the hole! Build that wealth pyramid daily, brick by brick!

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