Net worth update April 2018 – 313,452 (+$15,572)

See all Net worth update here.

Another incredible month in March. The markets are troublesome, but I’m adding so much income against it that the overall net worth is still going up. We also received almost $10,000 in tax refund due to my planning of end of 2017.

Assets $1,030,741 (+$9,999) – Not a typo, exactly that. $1 off 10k.

Investment:

  • Vanguard (401k) : $61,330 (+$567)
  • Vanguard Brokerage: $51,384 (+$1,106)
  • Schwab Brokerage: $1,000 (+$1,000)
  • Vanguard Roth: $16,623 (+$139)
  • Fidelity Roth: $16498 (+$94.54)
  • Total: $146,832 (+2,907)

I’ve increased my double-weekly deposit on the Vanguard brokerage. I opened the Schwab Brokerage to get a $100 bonus. Everything else is boring.

Cash:

  • $34,208 (+$7,291)

Lots of spare cash due to lots of CC and Bank bonuses being worked on.

Property

  • $840,000

House valuation according to Zillow/RedFin is now around 900k, I’m still keeping it at 840k. We are thinking of adding a few house improvements, solar panels/roof and remodeled bathroom. If we do it, we expect the value of the house to increase as well, so we’ll add it to the home valuation.

Liabilities -$717,289 (-$5,573)

  • Mortgage: $710,236 (-$1,258)

I’m paying the mortgage at a slow speed. Same strategy. Interest is low (2.85%) and are tax-deductible, which mean a less than 2% effective rate, below the target inflation.

  • Car Loan: $0 (-$6,193)

Wee, I decided to pay the car loan in full this month. The interest rate was at 3.25%. The interest payments are not deductible. I had extra spare cash, and it gives me something less to track. It removes the lien from the vehicle. I can update my insurance to remove the collision protection which will lower my upkeep cost. One less thing to worry about. Yay!

  • CC Debt: $7,053 (-$1,877)

Nothing to say here. I never carry a balance, so that’s the new balance for this month. There are also business expense associated there, which will impact my monthly net worth, but it will not impact my saving rate.

Leverage Ratio: 69.59% (-1.23%)

Income $21,372

My highest monthly income ever, but exactly as expected. There was a strong tax refund of almost $10,000. The rest is normal salary. As usual, I ignore all dividends, cash back or other investment variation.

Net worth: 1,030,740 – 717,289 = $313,452 (+$15,572)

Expenses

$5,639

Expenses are mostly kept in check. They are slightly up due to more expenses for our kids and education, which is something I feel happy to splurge on. We got them new bicycles, new bed for our younger daughter, etc.

Saving Rate

In March, our saving rate is 75.6% – Completely incredible. According to Mr. Money Mustache, such a sustained saving rate would mean we can retire in 7 years if starting from 0. Of course, it’s exceptional due to the tax refund. Without the tax refund, the saving rate would still be 71.45%! (retire in 8.5 years). Our last 12 months rolling average saving rate is now at 51.60% (up from 47.15% last month).

 

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