November 2014 Net Worth Update

by FI Fighter on December 12, 2014

in Net Worth

Just one more week until company shutdown and then I’m off to Miami! Yup, it’s that time of year again… When winter comes rolling around, I’m making it a habit to flee to someplace warm! Hawaii sounds just about perfect right about now, but unfortunately we weren’t able to make it happen. Instead, my brother Living Proof and I will be vacationing out in Florida for the first time ever. Once there, we will probably make time to talk investing and future strategies (and of course early FI)… But the primary reason for visiting will be to RELAX!

Let’s get to the net worth report!

Net Worth

According to Mint, my net worth is currently $763,680.73. This represents an increase of 6.64% from last month ($716,124.37). I’m still using Zillow’s Zestimate to determine the value of my properties.

Screen Shot 2014-12-12 at 7.21.46 PM

Cash

I currently have $8,632.18 stashed away in my checking account ($11,043.12 previously). I spent a large portion of it to purchase more Alibaba (BABA) stock.

As we speak, I’m getting ready to complete a cash out refi on one of my rentals. If this goes through smoothly, I should have a lot more cash arriving sometime in December/January.

The current plan is to use a portion of the refi money to close Rental Property SH #3, which a partner and I just recently won. The remaining funds will be available for investment. As of right now, I’m leaning towards getting back into dividend growth stocks… The energy sector looks badly beaten up right now!

Loans

I owe the following loans:

Rental Property #1: $225,192.46
Rental Property #2: $224,777.07
Rental Property #3: $115,564.95

Total: $565,534.48

Investments

I currently own Alibaba (BABA) stock. My other investments are in 401k and Roth IRA.

401k: $126,704.36
Roth IRA: $57,697.45
Brokerage: $19,860.52

Total: $204,262.33

Investments are down this month across the board. Total portfolio value is up since I acquired some more Alibaba (BABA) shares. I now own 188 shares.

Properties

According to Zillow, here are the values of each property:

Rental Property #1: $469,107.00
Rental Property #2: $465,068.00
Rental Property #3: $121,526.00
Rental Property #4: $85,882.00
Rental Property #5: $106,749.00

To keep track of my side hustle deals, I am simply inputing the downpayment amount. Rather than having to keep track of each property value and dividing out my ownership stake (25%), I’m going to keep this simple and uncomplicated. However, these deals were made with the idea of future appreciation in mind, so ultimately their property values do matter!

Rental Property Side Hustle #1: $24,500.00
Rental Property Side Hustle #2: $32,562.00

The following debts should be listed under the Loans tab, but unfortunately Mint forces manually inputted loans to show up under the Properties tab.

Rental Property #4: $63,758.01
Rental Property #5: $125,080.41

Total: $1,116,555.58

Rental properties experienced a ton of volatility this month. Rental Property #1 is up noticeably again, along with Rental Property #2. Most of the net worth gains this month were attributed to Zillow’s updated valuation for those two Bay Area properties.

Summary

The total value of all assets now checks in at $1,518,288.51, an increase of 3.24% from last month ($1,470,689.18). I also owe $754,607.78.

The net worth is up quite a bit this month, but not too much really happened. Outside of buying more shares of BABA, it was simply business as usual. The end of the year is approaching, so I will be most interested in going over my financial statements throughout the year and sharing with readers.

As we concluded 2013, my net worth was $569,022.97… So, looking back, I can see that progress was made, even though on most days it doesn’t feel that way. I guess slow and steady wins the race and you just have to keep hustling. The little victories add up, which is why we keep track of these things like clockwork. 🙂

Fight on!

 

2014 Net Worth Summary:

November 2014: $763,680.73

October 2014: $716,124.37

September 2014: $702,618.90

August 2014: $724,476.61

July 2014: $718,780.24

June 2014: $693,514.01

May 2014: $665,115.97

April 2014: $633,456.43

March 2014: $598,435.05

February 2014: $557,154.47

January 2014: $586,137.08

 

2013 Net Worth Summary:

December 2013: $569,022.97

November 2013: $542,725.46

October 2013: $527,010.49

September 2013: $444,860.79

 

{ 10 comments… read them below or add one }

1 No Nonsense LandlordNo Gravatar December 13, 2014 at 4:04 am

One of these days I might just get brave enough to post my NW. I have a few more years on you, but you have a bit more than I had at that age. Plus more years to accumulate.

It all adds up, and starts to grow faster as time goes. I probably added a bit more than ~$400K to my NW this year, not counting any property appreciation.

Reply

2 FI FighterNo Gravatar December 13, 2014 at 12:59 pm

Eric,

Yes, a lot of that has to do with fed induced gains though.

I’m sure your numbers would look even better when accounting for inflation 😉

Wow, $400k gains without appreciation, that’s incredible. I won’t deny that a huge chunk of my gains were simply from property appreciation…

If this bubble keeps expanding, I may indeed need to sell.

All the best!

Reply

3 My Dividend PipelineNo Gravatar December 13, 2014 at 12:13 pm

Wow! Over a $300k increase since Sept 2013 is amazing. Like you, I am a bit low on cash so I will work on building my cash position over the next few months. It looks like you could tickle $1,000,000 going into 2016!

Keep up the great work!

MDP

Reply

4 FI FighterNo Gravatar December 13, 2014 at 1:04 pm

MDP,

Thanks! Yeah, it’s been a pretty surreal ride these past few years… When I first started blogging in 2012, fear was still in the air and lots of people were just sitting on the sidelines… Luckily, I stumbled across many like-minded bloggers, and used them as inspiration to keep on investing. If anything, a lot of us were even more motivated to buy since everything was so cheap.

Looks like those decisions have worked out, and I’m glad to see everyone rewarded for their discipline to keep investing, rain or shine.

$1,000,000 would be incredible but I’m not sure if I can keep hanging on for that long… I say it all the time, but I’ve just about had enough of 9-5…

Take care!

Reply

5 DoneByFortyNo Gravatar December 13, 2014 at 6:43 pm

I remember the days when we had similar net worths…way back in January. 😉

Incredible progress in a year’s time: one of the very best jumps I’ve seen in a 12 month period. Well done!

Reply

6 Jason @ Islands of InvestingNo Gravatar December 13, 2014 at 7:02 pm

I’m always blown away when I see your net worth and how it’s grown – and every time I read an update it seems like it’s only ever going in one direction! Hope you keep it up as it’s quite inspiring to follow, and hopefully I’ll be right behind you in a few years time.

Hope you enjoy Florida! Any plans to hit Disneyworld while you’re there?

Reply

7 LeighNo Gravatar December 14, 2014 at 12:02 am

Hmmm so my net worth is now where yours was back in November 2013! I’m catching up to you, slowly but surely! It feels like I haven’t made much progress some months, but to have this much ($529,200) saved at 26 is pretty darn awesome.

Reply

8 JamesNo Gravatar December 14, 2014 at 10:34 am

I hope you keep blogging after you hit FIRE! Maybe you’ll move the goal posts when you hit the level you want? Looking at that one year jump shows the power of compounding and gives me hope.

Meanwhile I’m sitting here in the negative net worth category. Got to start somewhere, I suppose, late bloomer or not!

Reply

9 J. MoneyNo Gravatar December 15, 2014 at 12:34 pm

Congrats on the sexy bump, brotha!

Reply

10 Rat Race QuitterNo Gravatar December 16, 2014 at 9:22 am

Very impressive numbers. It will be interesting to see how soon before you crack the $1M ceiling.

Also looking forward to your 2014 Goals year end review

Reply

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