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.