Net Worth Report (January 2017 Update)

Originally, I was only planning to provide annual Net Worth updates.  However, since I am now part of an active list of bloggers who provide their net worth on Rockstar Finance's page - The Ultimate List of Blogger Net Worth, I have decided to start providing quarterly updates.  Providing quarterly updates will allow us to keep our readers more updated with our overall progress towards Financial Independence. It will also allow us to stay accurate and current on the Rockstar Finance's Ultimate List of Blogger Net Worth. ;)

To close out the 2016 year, our family net worth is as follows:

Retirement Savings:                      $ 452,520

P2P Lending Accounts:                   $  12,577

Dividend Stock Accounts (DSA):     $  82,269
DSA - Surplus Cash:                      $  19,137
College Savings Accounts:              $  60,868

Cash and Savings:                         $  64,594

GRAND TOTAL

$691,965
(Increase of $54,701 since January 2016 total: $637,264)

Although we do not count it as part of our Net Worth,
it is still nice to know that our Home Equity is:

$532,582*

(Increase of $80,914 since January 2016 total: $451,668)

Although we don't consider our home equity as part of our Net Worth, we understand that some people do.  So for those who include home equity in their Net Worth, our family's net worth would be considered: $1,224,547 (Increase of $135,615 since January 2016 total: $1,088,932).  It's a pretty awesome figure when you include the home equity but until we can accumulate 7 figures without our home equity, I refuse to consider myself a millionaire. 

* Although others do consider home equity, and even cars, collections, etc. as part of their net worth, it is our opinion that since these items are not very liquid and the value of these items is highly dependent on what others are willing to pay for them (at the present time), we have decided not to consider these type of assets as part of our family's recognized net worth.