Friday, July 10, 2020

Net Worth Report (July 2020 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. The list was previously on Rockstar Finance blog, but The Ultimate List of Blogger Net Worth can now be found on the Caleb Net Worth blog. Prior to this post, our family is currently sitting at No. 52 (out of a total of 283 bloggers). After this post, since it appears that the numbers were based on our 2016 Net Worth post, we are estimating that we may jump a few spots to roughly No. 39 on the list. After roughly ten years at home caring for our kids, my wife eased back into the workforce this past year. And although she is only working part-time, since we were used to living on just one income and refused to inflate our lifestyle, we are seeing significant momentum with our net worth growth.

As of July 1, 2020, our family net worth was as follows:

Retirement Savings:                      $ 649,461 
P2P Lending Accounts:                   $    1,809
Dividend Stock Accounts (DSA):     
    Wells Fargo:                              $  46,198
    Edward Jones:                           $  19,143
DSA - Surplus Cash:                      $  27,912
College Savings Accounts:              $  97,350
Cash and Savings:                         $  88,557
GRAND TOTAL
$930,430
(Increase of $85,005 since August 2019)

Although we do not count it as part of our Net Worth,
it is still nice to know that our Home Equity is:
$665,846*
(Increase of $49,390 since August 2019)

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: $1,596,276 (Increase of $134,395 since August 2019). No doubt that 1.5 million is 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. We are certainly getting closer, and if Covid-19 does not derail our current progress, we hope to be there within the upcoming year!

* 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.

5 comments:

  1. AFFJ -

    Bravo, bravo! So steller! What's been the yield on your cash?

    -Lanny

    ReplyDelete
    Replies
    1. Investment plansPROMO PACKAGE ?? BASIC Invest $70 earn $600 Invest $100 earn $1000  Invest $200 earn $2,000  Invest $300 earn $3,500  Invest $400 earn $4,500  Invest $500 earn $6,000 
      ?? PRO  Invest $1,000 earn $15,000  Invest $2,000 earn $25,000  Invest $3,000 earn $35,000  Invest $4,000 earn $45,000  Invest $5,000 earn $60,000  Invest $10,000 earn $100,000. 
      ?? PREMIUM  1BTC earn 5BTC  2BTC earn 10BTC  3BTC earn 16BTC  4BTC earn 22BTC  5BTC earn 30BTC. 
      ALL RETURNS ARE SCHEDULE, FOR 12 HOURS, UPON CONFIRMATION OF PAYMENTS.
      MODE OF PAYMENT. Any, Suitable For Investors, But Terms and Conditions Apply.
      ??HURRY NOW!!! Refer a Friend or Family member to invest same time, and Receive an instant $50 Reward. 
      To set up an INVESTMENT PLAN, Contact Admin: totalinvestmentcompany@gmail.com
      WhatsApp: +1(929)390-8581
      https://www.facebook.com/pg/Total-Investment-221964325813140/about/
      https://t.me/totalinvestment

      Delete
  2. Am Marilyn, thanks to Dr Sunday herbal center who cured me of fallopian tube blockage and fibroid with his herbal tuber cleanser. My marriage was on the verge of collapsing, because I was unable to bear a child for my husband. Until I came across Dr Sunday recommendation onLine,of how he has helped numerous childless couples to have children with the help of his wonderful herbal medication, and I contacted him. And he administered his herbs on me.within the space of two months, i became pregnant, I now have a child I can call my own. In case you want to contact him for a similar problem, or all other infertility issues, you can reach him through his email:
    Drsundayherbalcenter@gmail.com He said get herbal medicine to get cure diseases like Breast Cancer,Herpes Virus,Hepatitis B,HIV/Aids,Vagina problems.Lung diseases.

    ReplyDelete
  3. Hi! This is my first comment here so I just wanted to give a quick shout out and say I genuinely enjoy reading your blog posts. Can you recommend any other Beauty Write For Us blogs that go over the same topics? Thanks a ton!

    ReplyDelete