A crazy couple of years since I last posted about my net worth.
The first 3 months of my kids lives were exhausting for my wife, my mom and my mother in law. We decided to hire a night nanny (which wasn’t cheap) and it was totally worth it. Since then we’ve been maxing out retirement vehicles, building up cash reserves (btw, we bought an $18K AC system) and building up mid-term brokerage accounts.
This represents a $51K increase from the previous month helped by healthy income and improving markets. This also represents a ~$315K since my last NW post in August 2018.
Retirement: Since the pandemic hit, I’ve been maxing my 401k and will max out in July. Tesla rocketed to $900+ at the beginning of the year. I cashed out and put half in apple and the other half in S&P 500 – Solid move despite it dropping then marching higher. My 401k quickly passed the $400K mark and is headed toward $500K. However, I shouldn’t expect this until the latter part of 2019 (assuming ~$50K in contributions and ~12ish% growth). I did plop another $500 into our HSA.
Non-retirement: Our non-retirement money is doing great and exceeding targets with the exception of my options account.
Home Equity: Nothing exciting here other than we’re looking to move in 5 years to a bigger/nicer home in a better neighborhood with better schools – and a one story.
Debt: we knocked out our car loans and are paying double the mortgage principal payment as a bit of forced savings the goal mentioned above.
Our annual net worth target is $1,013,000 which seemed likely at the beginning of the year, then unlikely at the end of Q1, and now possible again. Looking forward to the end of the year for many reasons.