Tracking My Road to Mortgage Freedom - Page Updated!

 

Mortgage Balance Page Updated!

As part of my ongoing effort to update the blog and bring everything current, I’ve recently started updating my Mortgage Balance page.

Home equity and paying down the mortgage have been an important part of my financial journey since long before I started this blog. In fact, when I wrote my original preface back in March 2014, I dedicated the first section to the story behind our home equity and the financial decisions that helped get us to where we were at the time.

A lot has changed since I wrote that post more than 12 years ago!

For those interested in the history, you can still read my original Home Equity preface here. While I’ve updated my Mortgage Balance page, I still need to write an updated Home Equity background post that picks up where the original story left off and provides some context for the many changes that have occurred since then, including the purchase of my current home and the start of a new mortgage journey.

Once that post is completed, I’ll add a link to it here as well.

In the meantime, I’ve begun updating the Original Home Equity Preface page itself to reflect where things stand today.

As I’ve mentioned before, I’m actually more interested in tracking my mortgage balance than the equity in my home. Home values will fluctuate over time, and since I have no plans to sell or cash out the equity, paying down the mortgage is the number that matters most to me.

The page is still a work in progress, so I’ll continue adding historical mortgage balances, milestones, and other updates as I work my way through the numbers.

Like many parts of this blog, it’s fun to look back at where the journey started, see how much has changed, and continue documenting where it goes from here.

[ORIGINAL HOME EQUITY PREFACE]

[MORTGAGE BALANCE PAGE]

Updated Home Equity Background – Coming Soon!

Net Worth Report (July 2021 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. Unfortunately, it appears that the list is no longer being maintained, it is still fun to see if we can continue to climb the static list and hopefully reach the top one day. :) 

According to the list, which was last updated on May 20, 2020, our family was at No. 52 (out of a total of 283 bloggers). And after our previous update in August of 2020, we had jumped up a few spots to No. 38 on the list. And after this post, we continue to move up the static list and stand at No. 22 (albeit static since it hasn't been updated). With my wife now back in the workforce this past year and her hours and paychecks are both steadily growing, we have continued to see significant momentum with the growth in our family's net worth growth past year. I am happy to say that I also just received a long-overdue promotion this past month so that momentum should continue as we look to finish the last few laps of our financial journey and prepare for retirement in about 6 years or less.  

As of July 1, 2021, our family net worth was as follows:

Retirement Savings:                    $ 768,763 

P2P Lending Account (Prosper):    $    1,936

Dividend Stock Accounts (DSA):     
    Wells Fargo:                            $  77,803
    Edward Jones:                         $  26,385 
DSA - Surplus Cash:                    $  28,313
College Savings Accounts:            $132,834

Cash and Savings:                       $  71,572

GRAND TOTAL

$1,107,606
(Increase of $177,176 since August 2020)

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

$879,849*

(Increase of $214,003 since August 2020)

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: $1,987,455 (An increase of $391,179 since August 2020). Even during Covid pandemic, our family saw some very impressive gains in the last 11 months. For one, we finally reached the $1 million mark without our home equity! Yay! I can now officially say that we are millionaires. To add to that, with our home equity, we are now inching towards the $2 million mark!

* 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 (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.

Net Worth Report (August 2019 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. Prior to this post, our family is currently sitting at No. 83 (out of a total of 2,235 bloggers) on the list as of August 16, 2019. After this post, we are estimating that we may jump a few spots to roughly No. 79 on the list. 

As of August 1, 2019, our family net worth was as follows:

Retirement Savings:                      $ 588,572 

P2P Lending Accounts:                   $    1,819

Dividend Stock Accounts (DSA):     $   85,137
DSA - Surplus Cash:                      $  23,139
College Savings Accounts:              $  86,281

Cash and Savings:                         $  60,477

GRAND TOTAL

$845,425
(Increase of $69,867 since July 2018)

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

$616,456*

(Increase of $8,486 since July 2018)

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: $1,461,881 (Increase of $78,353 since July 2018).  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 (UPDATE) - JULY 2018

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:                      $ 537,932

P2P Lending Accounts:                   $    5,743

Dividend Stock Accounts (DSA):     $   84,028
DSA - Surplus Cash:                      $  18,677
College Savings Accounts:              $  78,840

Cash and Savings:                         $  50,338

GRAND TOTAL

$775,558
(Increase of $14,201 since January 2018)

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

$607,970*

(Increase of $47,939 since January 2018)

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: $1,383,528 (Increase of $62,140 since January 2018).  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.

JOURNEY UPDATES: from Fellow Bloggers (JULY)

As our family continues to save and invest towards Financial Independence, we love seeing how others have progressed in their personal journey.  Good or bad, the results we see around the blogging community has been both a gauge and a reminder that we must stay focused if we are to reach our end goal! Being part of this community has allowed us to learn and grow during these past few years.  Our success has certainly been aided by the abundance of information and reports that can be found on practically a daily basis. Here are is just a small snapshot of what we mean:

• ROADMAP 2 RETIRE - R2R recently provided an update of his Baby R2R Portfolio. An account he maintains for his daughter's future. The account is now up to $9,149!  
• DIVIDEND DAZE - Daze recently provided an update on his dividends for June and Q2. He is seeing awesome growth year-over-year. His June dividends were $138.39 with a Q2 total of $293.22.
• DIVIDEND DIPLOMATS - Lanny and Bert both recently provided an update on their dividends for June. The progress both are making is quite impressive! Lanny reported that he had received $1,828 in dividends, while Bert reported a dividend income stream of $1,156.
• PASSIVE INCOME PURSUIT - JC recently provided an update on his Net Worth and June dividends. He just continues to kill it with a Net Wort of $557,325  while receiving a dividend income stream of $1,037 in June!
• DIVIDEND HAWK - DH continues his amazing journey with a reported dividend income stream of $1,274 in June!
• DIVIDEND PORTFOLIO - Although DP is juggling student loan debt, he has been doing a very admirable job trying to building his investments. In June, his dividend income stream reached its highest mark at $98. 
• DIVHUT - Keith recently provided an update to his dividend income. From his taxable account, Roth IRA and traditional IRA, he received a grand total of $976 in the month of June. 
• BUY HOLD LONG - Although Caleb is in his mid-20s, he certainly has the right mindset and approach.  His journey has currently brought his net worth to $54,987.   
• DIVIDEND AND HOBBIES - D&H recently provided a net worth report of $346,477 while receiving $699 in dividends during the month of June. Way to go! 
• POLLIES DIVIDEND - Excluding cash from his side hustles, Pollie reported receiving a mid-year dividend income stream of € 1,792.73. Good luck reaching your annual goal of € 3,600!
• THE DIVIDEND PIG - Blake is well on his way to early retirement! He is in his mid 30s and his goal is to retire at 45. He also set a personal record this past month with a total of $1,580 in dividends from 55 different companies!

Way to go everyone, big of small, we celebrate your success and growth!! 

We apologize for not listing everyone here but, 

FEEL FREE TO LEAVE A COMMENT WITH YOUR RECENT UPDATE 

AND WE'LL GLADLY ADD YOU TO THIS POST!!

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.

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.

Net Worth Report (August 2016 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. ;)

As of August 1, 2016, our family net worth is as follows:

Retirement Savings:                      $ 438,284

P2P Lending Accounts:                   $  17,882

Dividend Stock Accounts (DSA):     $  77,950
DSA - Surplus Cash:                      $  19,430
College Savings Accounts:              $  59,972

Cash and Savings:                         $  68,542

GRAND TOTAL

$682,060
(Increase of $44,796 since January 2016)

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

$502,948*

(Increase of $51,541 since January 2016)

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: $1,185,008 (Increase of $96,076 since January 2016).  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 (Year-End 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 the year, our family net worth is as follows:

Retirement Savings:                      $ 410,707

P2P Lending Accounts:                   $  17,707

Dividend Stock Accounts (DSA):     $   73,520
DSA - Surplus Cash:                      $    5,779
College Savings Accounts:              $  54,867

Cash and Savings:                         $  74,684

GRAND TOTAL

$637,264
(Increase of $8,068 since 9/31/15)

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

$451,668*

(Decrease of $12,003 since 9/31/15)

In the 3rd quarter, we reported that our Net Worth saw its first decrease since we began reporting it. Glad to be reporting that we seem to be back on track as we saw an increase of $8,068 during the last quarter of the year. So as we start out 2016, out family Net Worth now stands at $637,264. 

Although we don't consider our home equity as part of our Net Worth, we understand that some people do.  So to be fully transparent, we would like to report that our home equity shrank $12,003 this past quarter and now stands at $451,668.  

So for those who include home equity in their Net Worth, our family's net worth would be considered: $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.

Net Worth (3rd Quarter 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. ;)

At the end of September 2015 (3rd Quarter), our family net worth is as follows:

Retirement Savings:                      $ 397,677

P2P Lending Accounts:                   $  17,472

Dividend Stock Accounts (DSA):     $   68,529
DSA - Surplus Cash:                      $    7,729
College Savings Accounts:              $  46,643

Cash and Savings:                         $  91,146

GRAND TOTAL

$629,196
(Decrease of $16,044 since 6/31/15)

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

$463,671*

(Increase of $13,583 since 3/31/15)

I think I may have spoke to soon...during the last Net Worth, I said that "we have somehow managed to continue to grow our net worth each and every quarter."  Well, whether it is coincidental or not, the streak has now officially ended. 

This past quarter, for the first time since we began tracking our net worth, our family saw in shrink by $16,044.  We had gone from from $645,240 at the end of June (2nd quarter) to $629,196 at the end of September (3rd quarter). Not sure how others did but our family would like to forget about this last quarter and simply look forward to next quarter.  After all, we did have a record quarter in terms of putting new capital to work for us.  In all, we put $10,117 of capital to work for us.  The monies invested is projected to provide $531.35 in forward dividends.  Hoping we see dividends, literally, in future months and net worth reports!!  

Although we don't consider our home equity as part of our Net Worth, we understand that some people do.  So to be fully transparent, we would like to report that our home equity did grow $13,583. nevertheless, our Net Worth (with home equity included still decreased by $2,461 from $1,095,328 to $1,092,867.  It's a pretty awesome figure when you include the home equity but until we can accumulate 7 figures without our home equity, I don't consider myself a millionaire. 

* NOTE: If you follow us, you know that we do not consider the home equity in our home as part of our net worth. 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 (Update) - 2nd Quarter

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. ;)

As of the end of June 2015 (2nd Quarter), our family net worth is as follows:

Retirement Savings:                      $ 403,419

P2P Lending Accounts:                   $  18,767

Dividend Stock Accounts (DSA):     $  66,797
DSA - Surplus Cash:                      $    7,492
College Savings Accounts:              $  40,178

Cash and Savings:                         $108,582

GRAND TOTAL

$645,240
(Increase of $6,894 since 3/31/15)

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

$450,088*

(Increase of $174 since 3/31/15)

I'm not sure if it is just me but I have to admit that I look forward to doing our Net Worth reports. Since we began tracking our Net Worth, we have somehow managed to continue to grow our net worth each and every quarter (although some quarters are clearly better than others).  We certainly have had down months in between but thankfully have always ended quarters with an overall gain.  Personally, I believe it is a combination of having an end goal and commitment to live below our means in order to achieve our goal. Although we do not post our income and expenses on our blog, we save or invest approximately 50% of our income each and every month.

During this last quarter, we saw our net worth grow by another $6,894, from $638,346 at the end of March (1st quarter) of 2015 to $645,240 at the end of June (2nd quarter) of 2015.  

If you include our home equity, which some people choose to do, our net worth actually grew $7,068 from $1,087,464 to $1,095,328.  It's a pretty awesome figure when you include the home equity but the reality is we need our home for shelter and have no intention of selling it. Therefore, the home equity is locked into our home and simply is not liquid as our other investments. I'll still continue to calculate and show the numbers but won't consider myself a true millionaire until I can accomplish that feat without my home equity.  :)

* NOTE: If you follow us, you know that we do not consider the home equity in our home as part of our net worth. 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 (Update) - 1st Quarter 2015

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. ;)

 

As of the end of March 2015 (1st Quarter), our family net worth is as follows:

 

Retirement Savings:                       $ 397,431

P2P Lending Accounts:                    $  18,448

Dividend Stock Accounts (DSA):      $  65,487
DSA - Surplus Cash:                       $    8,773
College Savings Accounts:               $  32,900

Cash and Savings:                          $115,307

 

GRAND TOTAL

$638,346
(Increase of $6,689 since 12/31/14)

 

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

$449,118*

(Increase of $7,929 since 12/31/14)

I'm not sure how others feel but I must admit that I look forward to doing our Net Worth reports. Thankfully, we have managed to continue to grow our net worth each and every quarter (although some quarters are clearly better than others).  

During this last quarter, we saw our net worth grow by another $6,689, from $631,657 at the end of December (4th quarter) of 2014 to $638,346 at the end of March (1st quarter) of 2015.  If you include our home equity, which some people choose to do, our net worth actually grew $14,618 from $1,072,846 to $1,087,464.  It's a pretty awesome figure when you include the home equity but the reality is we need our home for shelter and have no intention of selling it the home equity is locked into our home and is therefore hardly liquid.  I'll still continue to calculate and show the numbers but won't consider myself a true millionaire until I can accomplish that feat without my home equity.  :)

* NOTE: If you follow us, you know that we do not consider the home equity in our home as part of our net worth. 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.