- Good growth here on the PoP balance sheet as well. We’re continuing to knock out some good growth on the assets side while also hacking away at those liabilities.
- Our total assets went up ~$7.4K with most of that in retirement stock funds.
- Our total liabilities dropped by ~$5.2K, so they are also moving in the right direction. The big news is that with a lump sum payment to the HELOC principal this month of $4.5K, we have now paid off half of the $38K HELOC in the last four months. Current balance is $19K. Back in May it was $38K. Can I do a happy dance yet?
- Net worth rose by about $12.5K from last month! I’m less excited about the growth in the retirement stock funds even though they are the bigger portion of the growth because that’s money that we won’t touch for a VERY long time, and I wonder if we’re not looking to a market correction towards the end of the year. Which would likely make our nominal net worth decrease… Any market prognosticators want to make a prediction? Post it in a comment and we can check and see how right you were in a few months!
- Total net worth as of the end of September is $356.9K.
And for the details…
Why do we look at our assets and liabilities split up this way? For us, it’s an easy way to look across all the different categories of assets and see which ones we have equity in, and how much equity. If the Assets bar is taller than the Liabilities bar, that’s equity in that asset class.
Assets
Stock Accounts
- 401K accounts: $77.8
- Roth IRA accounts: $91.3
- Non-Retirement Stock Accounts: $0.6
- Total Stock Accounts: $169.7
Real Estate (based on current market comparable sales)
- Primary Residence $170
- Investment Duplex: $70
- Investment Residential Land: $80
- Total Real Estate: $320
Cars (values from Kelly Blue Book)
- Car 1: $8.9
- Car 2: $13.1
- Total Cars: $22.0
Cash Holdings
- Checking Accounts: $10.0
- Savings/Money Market Accounts: $20.0
- Total Cash Holdings: $30.0
Total Assets: $541.7
Liabilities
Real Estate Backed Loans
- Primary Mortgage: $106.5
- HELOC on Investment Duplex: $19.0 !!! Half of the balance on the May 2012 Balance Sheet!!
- Total Real Estate Backed Loans: $125.5
Personal Loans (Unsecured)
- Personal Loan from Family Members: $50.0
- Total Personal Loans: $50.0
Car Loans
- Car 1: $0.0
- Car 2: $7.7
- Total Car Loans: $7.7
Revolving Credit
- Credit Card Balance: $1.6
- Total Revolving Credit: $1.6
Total Liabilities: $184.8
Net Worth = Assets – Liabilities
Net Worth = $356.9
Great job on the HELOC payment! Not bad on the net worth increase either.
Great to see your net worth going up! I love reading over how other people are doing and where their investments take them. “we have now paid off half of the $38K HELOC in the last four months” – do the happy dance, make sure neighbors are watching
haha, I’ll make sure to do it in the front yard so all the neighbors can point and laugh at my “dancing skillz” =)
Those are some great numbers. I have yet to work up the nerve for net worth posting, even though I like to see how others are doing. Maybe by the 1st of the year.
Thanks, Kim! Even if you don’t have the nerve to post it, it’s a great thing to track for yourselves. For us, I think we’re more comfortable posting it because we’re pretty anonymous… you’re less anonymous, so I can see why you would hesitate.
These are awesome numbers! Our net worth went up this month, but nothing that significant. It’s nice when you have multiple assets to increase in value.
Thanks! Yup, we’re aiming to have even more different asset classes as we keep chugging along so we stay diversified – but the HELOC and that personal loan have to be eliminated first in our minds!
[...] PoP Balance Sheet – September 2012 at Planting Our Pennies [...]
Awesome increase this month and great job on paying that HELOC down. $19k in four months is crazy fast.
Thanks! It’s a bit faster than the pace we were planning, but we’ll take it!
That is awesome! I
really need to start tracking our net worth like this.
It’s actually super easy to do once you do it once or twice. It takes me about 5 minutes to update it most months now =) Totally worth the time to keep us focused on the long haul.
I like the way that you laid out your expenses on that balance sheet. It must be a great feeling to see the assets going up so fast!
Thanks, Terry! It’s a pretty good feeling – we were just talking about how the total assets are getting to be so big that we’re going to have to change its scale or put it on a separate graph so the liabilities we’re paying down don’t seem quite so small. But that’s a good problem to have!
These numbers look great! I know that your situation is a little different than ours as there are no little ones in your home, and you’re both working full-time, but this still gives me hope that we will be in a better place once I go back to work full-time, and of course once this stupid debt is gone! It’s inspiring seeing other couples’ numbers in black and white like this. Thanks for sharing and keep up the good work! You guys are doing awesome!
Thanks, Michelle! Yes, have Kitty PoP as our only dependent is way less expensive than you guys with your little ones. I have no doubt that when they’re a little older and you guys are both back at it full time you’ll kill it. In the meantime, didn’t I read some pretty significant progress on your blog with your debt milestone recently, too? Just $10K! Congrats are in order there, as well!
[...] So this month’s balance sheet looks like it’s tons better than last month’s, but there’s a caveat to it. It looks more impressive largely because we recognized a $27K [...]
[...] it coming! Thanks for visiting =) Until recently, we’ve been carrying the duplex on our balance sheet at a market valuation of $70K. But a couple of weeks ago, we updated our October 2012 Balance [...]
Thank you