Net Worth Report (Jan 2018 Update)

We originally set out to provide just annual Net Worth updates and then eventually started to do quarterly updates.  Now that we have significantly slowed the pace of our posts, I think we will like just pop in once or twice a year simply to let everyone know how we are doing and to keep ourselves honest and looking forward to our ultimate goal of early retirement and/or Financial Independence!  

Also, in case you have not come across it, we are part of an active list of bloggers who provide their net worth on Rockstar Finance's page - The Ultimate List of Blogger Net Worth.

With that said, at the end of the first quarter, our family net worth is as follows:

Retirement Savings:                      $ 520,034

P2P Lending Accounts:                   $    8,203

Dividend Stock Accounts (DSA):     $   87,983
DSA - Surplus Cash:                      $  18,282
College Savings Accounts:              $  75,837

Cash and Savings:                         $  51,018

GRAND TOTAL

$761,357
(Increase of $57,717 since April 2017)

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

$560,031*

(Increase of $13,656 since April 2017)

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: $1,321,388 (Increase of $71,373 since April 2017).  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.

Net Worth Report (April 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. ;)

So at the end of the first quarter, our family net worth is as follows:

Retirement Savings:                      $ 468,092

P2P Lending Accounts:                   $  12,649

Dividend Stock Accounts (DSA):     $  75,040
DSA - Surplus Cash:                      $  18,238
College Savings Accounts:              $  64,382

Cash and Savings:                         $  65,239

GRAND TOTAL

$703,640
(Increase of $11,675 since January 2017)

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

$546,375*

(Increase of $13,793 since January 2017)

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: $1,250,015 (Increase of $25,468 since January 2017).  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.

2017 Goals (1st Quarter Update)

 2017 GOALS (1st Quarter Update)

Overall, whether the increases are big or small, the main goal is to keep move forward. I've been writing both annual and long-term goals since my early twenties. I can say with confidence that our family would not be were we are today without having accomplished the short term goals along the way. Sure, like everyone else, there were setbacks along the way.  But the goals have always helped us get back on track.  They keep us accountable and help ensure that we always progress.

2017 has been a great year so far.  Hope it has been the same for you and your family. With three full months behind us, below is where we stand with our goals as of March 31, 2017:

DIVIDEND STOCKS:

1.  Earn $3,550 in dividend income.

• 1st quarter: $818.70

2.  Increase projected annual dividend income to $3,750.

• 1st quarter: $3,133 

3.  Bring value of dividend stocks accounts to $90,000 total.

• 1st quarter: $75,045.81

BLOG:

4.  Write at least 100 posts (8.33 posts/month).

• 1st quarter: 22 posts

5   Reach 575,000 total hits by end of the year.

• 1st quarter: 484,861 hits

6.  Reach 1,800 Twitter followers by end of the year.

• 1st quarter: 1,631 followers

7.  Reach 400 all-time earnings from Google AdSense.

• 1st quarter: $294.28

FINANCIAL MILESTONES:

8.  Increase value of retirement accounts to $500,000.

• 1st quarter: $468,092

9.  Increase Net Worth to $675,000 (excluding home equity).

• 1st quarter: $647,754

10.Reduce mortgage balance to $270,000.

• 1st quarter: $285,424

FUN GOALS:

11.  Try out 12 "new" restaurants/dessert place.

• 1st quarter: $5 new restaurants

12.  Go on 26 "new" hikes (1 every other week).

• 1st quarter: 15 new hikes completed

13.  Visit 3 new parks.

• 1st quarter: 1 new park visited

14.  Volunteer for two project/event (ex. beach clean up, clear hiking trail, race event, serve food, etc.)

• 1st quarter: 0 volunteer project/event completed

15.  Get kids outside more - A total of 52 activities (run, walk, hike, etc.) as a family, with a minimum of 1 mile and 30 minutes each.

• 1st quarter: 8 activities completed

Below is a landing page for our 2017 goals (with quarterly updates provided).  Please feel free to follow along and see our progress!!

2017 GOALS PAGE