June 2014 Net Worth Update

Wow, this year is half way over already! That’s both super exciting and scary at the same time… I have my big round-the-world expedition in August, so I’m super stoked about that. When I return, we’ll be right at the start of the new NFL season! Since I’m in the South Bay, you know I’m amped up to see the 49er’s open the doors to Levi’s Stadium. Hopefully this will be the year they finish their quest for six!

Enough rambling, let’s get to the net worth update for June:

Net Worth

According to Mint, my net worth is currently $693,514.01. This represents an increase of 4.27% from last month ($665,115.97). I’m still using Zillow’s Zestimate to determine the value of my properties.

June_2014_Net_Worth

Cash

I currently have $23,478.06 stashed away in my checking account ($15,541.48 previously). I’m making decent progress in building up the cash to fund another real estate purchase, but I didn’t do as well as I would have liked. I was hoping to get to around $25,000 by month’s end. Oh well, life happens…

For one, I purchased a new Apple MacBook Pro, which set me back about $1,400. In addition, I started a routine of getting a massage each weekend. Work really does have a way of messing up my body, so I consider this money well spent. It costs about $70 per session (tip included) for 70 minutes + steam room use. I feel rejuvenated after, and am even contemplating getting two massages each week. Can’t put a price tag on good health, right? We’ll see…

Loans

I owe the following loans:

Rental Property #1: $226,529.55
Rental Property #2: $226,331.63
Rental Property #3: $116,056.71

Total: $568,917.89

Investments

I currently own no individual stocks. My only investments are in 401k and Roth IRA.

401k: $117,494.20
Roth IRA: $56,757.73
Brokerage: $4.65

Total: $174,256.58

Investments are up quite a bit this month. It’s crazy how hot the stock market is right now! I keep waiting for a pullback that never seems to occur. At some point, I probably will look into purchasing some stocks again, but not right now… the market is too frothy for my taste. Last month ended with investments valued at $168,895.49. I keep track of my retirement accounts, but the monthly variations and overall performance mean very little at this point in time.

Properties

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

Rental Property #1: $432,424.00
Rental Property #2: $441,477.00
Rental Property #3: $154,634.00
Rental Property #4: $88,797.00
Rental Property #5: $167,837.00

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

Debt: $31,477.84
Rental Property #4: $63,758.01
Rental Property #5: $125,080.41

Total: $1,064,852.74

Most of the rentals are holding steady in value. Per usual, Rental Property #1 and Rental Property #2 are the two fluctuating the most. Rental Property #2, in particular, rose to $441,477.00 this month, an increase of 4.28% from last month’s value of $423,368.00.

If Zillow has taught me anything with Rental Property #1, their valuation algorithm will pump up the property value for a few months before deciding to change course and pulling the plug. At one point not too long ago, Rental Property #1 was valued at $485,779.00! It’s now back to $432,424.00. I’m guessing the true value lies somewhere in between. Let’s see how long Rental Property #2 can sustain this run before it falls back down to Earth… My own guess is that Rental Property #2 could easily be sold for $450,000 today.

Summary

The total value of all assets now checks in at $1,482,903.64, an increase of 1.75% from last month ($1,457,466.97). I also owe $789,389.63.

Thanks to the upcoming 4th of July weekend, this work week is just about finished! Only five more weeks until my trip to Japan! Oh boy, I better start doing some planning. Until next time!

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FI Pilgrim
Guest

Those are great numbers FI, thanks for sharing. I’m curious if your trajectory is 30 years on those mortgages or will you eliminate them quicker than that?

Leigh
Guest

Woo! You are killing it! Almost $700k 🙂 Enjoy Japan! I went there last year and it was pretty cool.

Addison @ Cashville Skyline
Guest

Very impressive, FI! The stock market has been kind over the past month, huh? I’ve been using Zillow to evaluate the value of my property, as well. What’s the deal with that algorithm? My house went up nearly $40,000 since the last quarter.

JC_PIP
Guest

Great job! Almost $700k but really the exciting thing is your upcoming trip. I’m pretty jealous! It’s been pretty much steady as she goes here for the last few months. My wife and I leave for Nashville tomorrow. Not quite the same as Japan but it’ll do.

J. Money
Guest

Now only $4k away from the next person up on the Blogger Net Worth Tracker!!! Keep hustlin’!!

http://rockstarfinance.com/blogger-net-worths/

Even Steven
Guest

So when you quit the 9-5, will all of your income be real estate rental? How will that work? Any plans on having a larger emergency fund, etc?

My Dividend Pipeline
Guest

Super solid month! Almost 1.5 million in the asset column. I can’t wait till you hit an even 2 million. Your monopoly board is filling up quickly.

A Frugal Family's Journey
Guest

FI Fighter – Solid increase at 4.27%. Keep in up and you’d have an annual increase of 51.24%! 🙂 Wishing you nothing but success in your journey to FI! AFFJ

Living At Home
Guest

Wow, congrats! Once those loans are paid off, you’ll be a millionaire! Keep up the great work. Cheers!

– Henry

No Nonsense Landlord
Guest

Great job! Now just keep it up for a few years and soon you can get out of the cube farm.

Living At Home
Guest

Keep up the great work! After all the loans are paid for, you’ll be a millionaire! Cheers.

– Henry

Dividend Diplomats
Guest

FI,

Very strong June! I can’t think too many investors that would be upset with a 4% return each month. Enjoy your trip to Japan. I am looking forward to reading your next month’s update.

Bert, One of the Dividend Diplomats

Will
Guest

And the most important part about all this is you’re under 30! Congrats!!!

Was it awkward getting your first massage?

EL @ Moneywatch101
Guest

Yes my net worth keeps heading upwards as well, and I think at times how inflated the market is and what will happen to my numbers if it goes down. Just have to keep on track and if the market goes down, time to double up on the number of shares. Good Luck FI.

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