tag:blogger.com,1999:blog-1893129263573703047.post1951802727169038401..comments2024-03-28T00:13:55.918-07:00Comments on A Frugal Family's Journey: Net Worth Report (August 2016 Update)A Frugal Family's Journeyhttp://www.blogger.com/profile/05093532273552790517noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-1893129263573703047.post-75996082426077771042018-06-19T12:53:00.063-07:002018-06-19T12:53:00.063-07:00http://thecelebritynetworth.com<a href="http://thecelebritynetworth.com" rel="nofollow">http://thecelebritynetworth.com</a>techchannelhttps://www.blogger.com/profile/01096759928393500058noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-23694293554212600272016-08-21T22:33:30.633-07:002016-08-21T22:33:30.633-07:00Nice good job on hitting your 1m+ net worth. Just ...Nice good job on hitting your 1m+ net worth. Just curious are you still adding more money to your lending club since all of the turmoil going on with lending club. I stop contributing to it and just use whatever interest I get to buy more notes. Seem like it's not getting a good return like I expected.Jay @ the expat investorhttp://theexpatinvestor.com/noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-40328604675479729342016-08-21T11:50:51.673-07:002016-08-21T11:50:51.673-07:00Sorry, didn't notice last post Mortgage Balanc...Sorry, didn't notice last post Mortgage Balance (UPDATE) - AUGUST 2016 :)<br /><br />Now I see :)DividendTIMEhttp://www.dividendtime.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-61180784076214808622016-08-21T11:47:58.663-07:002016-08-21T11:47:58.663-07:00Hi AFFJ,
Increase of $96,076 since January 2016 -...Hi AFFJ,<br /><br />Increase of $96,076 since January 2016 - congrats! I am wondering how much of it is investment income and how much is contribution? House is +10% since the begining of the year but this is mainly due to debt reduction or are prices going up so rapidly?<br /><br />Best regards,<br />DividendTIMEDividendTIMEhttp://www.dividendtime.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-72280867559006094222016-08-10T06:52:20.979-07:002016-08-10T06:52:20.979-07:00Thanks DFG. We are surely seeing progress but know...Thanks DFG. We are surely seeing progress but know we still have a ways to go. Our mortgage balance is still way to high for me to feel comfortable enough to retire. <br /><br />Keep saving and investing as much as you can and you will be where you want to sooner than you think. Thanks for visiting and commenting. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-75805602893637824312016-08-10T04:53:05.937-07:002016-08-10T04:53:05.937-07:00Your well on your way and I hope to be there soon ...Your well on your way and I hope to be there soon AFFJ. I agree with you and don't include my house or other assets in my net worth. What someone might pay for something is no guarantee. Glad to see your August was in the green.<br />Cheers,<br />DFGDividend Family Guyhttps://www.blogger.com/profile/00692907194937963688noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-89552216377961225982016-08-08T13:02:01.872-07:002016-08-08T13:02:01.872-07:00Thanks for the idea. I know people do refi to take...Thanks for the idea. I know people do refi to take out cash and invest, and in this low interest rate environment, it's probably favorable to do so. But my wife and I are somewhat conservative in our approach and prefer the sound sleep associated with having a paid for home over a larger portfolio that may be wiped out in a catastrophic event. Everyone is different but cash out refi is something I don't think I can sell my wife on. ;) <br /><br />Best wishes. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-15025608519477287272016-08-08T09:27:57.453-07:002016-08-08T09:27:57.453-07:00Hi AFFJ,
Have you considered doing a cash-out ref...Hi AFFJ,<br /><br />Have you considered doing a cash-out refi? This is an incredible way to take advantage of so many RE benefits and lock in cash, transfer risk back to the bank, take advantage of low rates, of inflation, etc. I know folks who 'refi-till you die' and use it to create massive RE portfolios. Just an idea!Passive Income Dudehttps://www.blogger.com/profile/13698511310449851311noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-52336549733417312452016-08-08T09:19:32.581-07:002016-08-08T09:19:32.581-07:00thanks FerdiS. Please don't get me wrong, it i...thanks FerdiS. Please don't get me wrong, it is certainly nice to know that we are millionaire with equity included. Our reasoning for not including it is because we figure we will always need a place to live. Unless we downsized or otherwise rented in retirement. The equity we have in our house isn't liquid. <br /><br />I agree with you that retirement accounts are not really liquid. I guess our view of net worth is simply accounts that will have value to us and our neat egg for retirement. In our minds, we still have a ways to go. :) <br /><br />Thanks for visiting. Best wishes my friend. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-59161117827351180402016-08-08T09:01:15.143-07:002016-08-08T09:01:15.143-07:00Great progress AFFJ -- a millionaire when includin...Great progress AFFJ -- a millionaire when including equity! NICE! <br /><br />So, I respect your approach of not counting equity, especially the kind that could be inflated due to the changing real estate conditions. However, I would seriously consider accounting for equity in principal, which you're slowly building up over time as you pay off your mortgage. <br /><br />(I would argue your retirement accounts are not really liquid, either, until retirement age -- but that's another matter).<br /><br />It is great to see some bloggers share this kind of information publicly. Lots of learning here!<br /><br />Cheers<br />FerdiS, DivGroFerdiShttps://www.blogger.com/profile/05008021146951839361noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-63049595659090887432016-08-07T22:38:42.136-07:002016-08-07T22:38:42.136-07:00Thanks IH...it certainly nice to see the market do...Thanks IH...it certainly nice to see the market doing well again. But the long term investor in me is wishing we had the deals we had earlier this year during the dips! haha<br /><br />Regards. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-40298955780842993482016-08-07T22:08:09.415-07:002016-08-07T22:08:09.415-07:00Nice job AFFJ. Your 2016 increase is impressive.Nice job AFFJ. Your 2016 increase is impressive.Anonymoushttps://www.blogger.com/profile/15330040244289368427noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-86012660674467040952016-08-07T07:10:49.311-07:002016-08-07T07:10:49.311-07:00Thanks PID. It's nice to know we are millionai...Thanks PID. It's nice to know we are millionaires if we sold our house but I won't consider myself a millionaire until I am one without selling the house. :) <br /><br />Regarding P2P, the accounts has been growing slowly because we don't select many high risk notes. The problem is quality notes are increasing harder to find (especially on Lending Club). As a result, we are sitting on a lot of cash in these accounts and actually considering moving some of it to put it to better use. <br /><br />Thanks for stopping by and commenting. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-38323374156301391092016-08-07T06:15:47.566-07:002016-08-07T06:15:47.566-07:00AFFG, what an inspiration! Over $1M with equity!! ...AFFG, what an inspiration! Over $1M with equity!! That is great. Just shows the power of diligence and frugal living! I also wanted to comment on your P2P #, just curious are you increasing that account or decreasing lately? I'm decreasing, mostly to pay off debt, but I've also heard the risk apparently is getting higher. Know LC's IPO has been a disaster. Thanks, Passive Income Dudehttps://www.blogger.com/profile/13698511310449851311noreply@blogger.com