January 2015 marks the final month of working full-time for me… Moving forward, I don’t anticipate my net worth rising much (if any), barring any substantial appreciation gains. But then again, I may gain approval for short-term disability, which would keep the paychecks flowing in until I’m able to return back to work again…
There are still open items up in the air, but I’m not going to stress myself out too much thinking about them. Of course it would be wonderful to see the Net Worth increasing each and every month… If that doesn’t happen in the short-term, I’ll just have to live with it.
Let’s see how we did in January!
According to Mint, my net worth is currently $785,811.26. This represents an increase of 0.48% from last month ($781,996.44). I’m still using Zillow’s Zestimate to determine the value of my properties.
I currently have $12,532.08 stashed away in my checking account ($9,323.02 previously). Due to my cash out refi on Rental Property #2, I didn’t have to make a mortgage payment in January. The lender isn’t requiring a payment on that property until February, so that freed up some cash for me this month.
Also, since I was still employed during this stretch, I was able to save up some cash thanks to three paychecks this month. Moving forward, it’s going to be tough to keep accumulating funds without my W2 income… More than likely, I’m going to have to start dipping into my emergency fund.
But I planned for the worse when I initially asked for a leave of absence…
I owe the following loans:
Rental Property #1: $223,992.48
Rental Property #3: $114,900.62
Rental Property #2 was eliminated from the ‘Loans’ section this month. Since I haven’t yet registered my account through Mint, for this month, I am accounting for the new Rental Property #2 loan under the ‘Properties’ tab.
I currently own stocks in my taxable brokerage account. My other investments are in 401k and Roth IRA.
Current 401k: $4,740.11
Roth IRA: $59,873.45
I added some stocks this month in the form of investments into Chevron (CVX) and Caterpillar (CAT). Stocks are mostly down this month as Alibaba (BABA) is going through tough times right now.
According to Zillow, here are the values of each property:
Rental Property #1: $478,172.00
Rental Property #2: $475,164.00
Rental Property #3: $118,356.00
Rental Property #4: $86,306.00
Rental Property #5: $101,974.00
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, 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
Rental Property Side Hustle #3: $35,000.00
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 #2: $330,000.00
Rental Property #5: $124,447.58
Rental properties experienced only slight movement this month. The local properties continue to climb up, although more gradual now that the market is finally starting to plateau. The out-of-state rentals are decreasing, although they aren’t dropping as much as in recent months.
The total value of all assets now checks in at $1,579,311.13, an increase from last month ($1,534,158.81). I also owe $793,499.87.
2015 is getting off to a decent start. With my leave of absence, realistically, I’m not anticipating increasing my net worth too much in the short-term. Not a big deal, and this time off will be a good test to see how the Net Worth survives as I taper off from earned income.
With the cash out refi on Rental Property #1 nearing completion, I should have some more funds to at least keep active in the investment game until I’m ready to go back to work. As I continue to pour more and more funds into acquiring more assets, over the years, the investments should reach a point where they can keep appreciating, even without further active involvement from my end.
I’m not quite there yet, but I’m going to keep working on it.
2015 Net Worth Summary:
January 2015: $785,811.26
2014 Net Worth Summary:
2013 Net Worth Summary: