I thought this was going to be a rough month. And for the first 25ish days it was. I didn’t think our net worth change was going to come out positive but we did it – up $8K – and crossed another micro-milestone – $450K. There were lots of challenges, scaled back 401k contributions (more on that later), wife’s birthday (she got an Apple watch :)), hosted my Mom’s surprise 70th Bday party (with over 100 guests), and my wife’s first month without a job.
Assets +$7,192
- Mr MORE’s 401k (+$9,778): Last month I hit the 401k limit Turns out I hit the 401k limit this month. This means in order to continue getting my employers match, I’ll have to continue my contributions into post-tax 401k savings.
- Mr MORE’s Roth (-$164): Tesla fell again affecting my Roth IRA balance. However, I’m optimistic in this guys vision of the future. I just wish I had more money to invest.
- Mrs MORE’s 401k (-$2991): Because this is officially the first month of unemployment, that means there are $0 in contributions. Additionally she was only about 20% vested hence the big drop in value. Despite that, the market helped lift up her account a bit and erased some losses. We’ll be looking to roll that money into her Vanguard IRA.
- Mrs MORE’s Rollover (+$484): Still chugging away in Vanguard’s VTSAX.
- Mrs MORE’s Roth (+$20): Slowly chugging.
- Joint Savings (+$166): Due to the constraints in income, we’re not making our goal of $1,500 saved. However, we were able to boost our savings by a couple of things. We’ve lent ~$400 to a family member – I know; I’m well aware of the dangers of lending money to family. Because it’s a small amount, I’m okay with the risk. Second, I have a generous 2.5% cash back credit card from my bank. Any cash from the card gets put back into our savings. $80 in loan repayment, $88 in cash rewards.
- Home Value (-$1,518): Home value fell, likely due to seasonal demand (i.e., people don’t buy as many houses in the winter) with Zillow plunging the most. The way I compute my home value is the average of Zillow, Redfin, and Realtor.com.
- Brokerage (options) (+$41): I’m barely staying above water with my options. Trying to stage a comeback with Tesla
- Brokerage (let’er ride) (+$118): slow grind continues. Fortunately Apple is slow and steady.
- Digital Currency! (+$1290): Now this is just stupid. My basis is a little less than $1500. I started my first $600 deposit on 9/30 and averaged the next $900 in over the next month. As of this writing it’s exceed 100%. That’s just dumb. I have 40% in ethereum and the remaining 60% in Bitcoin. nuff said for now.
- Lending Club(-$31): My second venture into Lending Club proves it’s too risky to invest in anything other than A-notes with ~25 notes. In November, 3 additional loans fell into late or default. The last time this happened was before the crash of 2008. No thanks LC.
Liabilities +$1,054
- Mortgage (+$364): Slowly chipping away.
- Car Loan – Mrs (+$380): Slowly chipping away.
- Car Loan – Mr (+$218): Slowly chipping away.
- Student Loan (+$98): Also, slowly chipping. Threw an extra $10 at this. Also, was notified my month payment was going up $7 to make sure my loan was paid off in the correct time period, which i don’t know when that is. I plan to accelerate payments to this debt to pay off the 4.5% quickly since I no longer qualify for the interest deduction due to our income.
Net Worth (+$8,253): I expected November to be a negative net worth month, or at best a pause month. Fortunately, I was pleasantly surprised as the market kicked in gear as well as my digital currency rising. This coming month I hope it to be at least flat.
Also, #157 (of 462) on Rockstar Finance’s Net Worth Tracker. Shooting for top 10% (i.e., $1.3M) ?:^)
How’s your net worth progress coming along?
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