Asset | Amount | Liabilities | Amount | Networth |
|---|---|---|---|---|
| Cash | $18,646 (+$2,494) | CC Debt | 0 (-$4,598) | |
| Saving | $41,857 (-$30,468) | Home Mortgage | $95,783 (-$199) | |
| Taxable Investment | $197,375 (+$22,938) | Rental Home | $59,515 (-$143) | |
| Retirement | $126,120 (+$9,398) | |||
| Personal & Rental Home | Zestimate: $294,396 (+$18,281) | |||
| Lending Club | $10,843 (+$517) | |||
| Total: | $689,237 (+$23,203) | $155,298 (-$4,940) | $533,939 (+$28,398) |
Here is my July 2014 net worth.
Assets
Rental checking account: $3,177 Paid my rental home mortgage and I did not get any rental income this month since the tenant paid in 2 month advance. I should get a rental check next month.
Personal checking account: $15,319 I am above my minimum of $10,000 so that’s good, I am looking to invest my money in the stock market or save for my upcoming travel expense.
Saving Account: $41,857 (-$30,468) From my post here and last month goals, I mention that I will liquidate some of my saving to invest more in the stock market. I still have at least 6 month + for my emergency fund. I withdraw about -$26,000 to invest in, and about -$4,500 for my travel expense in October.
Interest rate received from savings account: +$33.00
Taxable Investing
Stocks I currently own
1) VOD - $10,198 (Dividend stock)
2) MCD - $4,822 (Dividend stock)
3) DE - $4,851 (Dividend stock)
4) CLNE - $5,478 (Non dividend stock, small cap, bought this long time ago)
5)BAC - $12,322 (Dividend stock, but not paying that much)
6) AMD - $20,363 (Non dividend stock, bought this stock long time ago)
Cash for investing: $10,013 (Looking to make some buy in August.)
Total: $68,047
Vanguard
Taxable Investment: $118,485 Consist of my index funds total International & total stock market index funds. I was able to invest $10,000 for this month.
Retirement
IRA: $11,959
Roth: $42,410
401k: $70,666
Lending Club: $10,843 (+517) I contributed $500 and earned $17. I decided to stop automated investing and start picking my own notes now. Seem like I am getting more defaults, so I will continue to monitor this and set my own criteria to see if it gets any better.
Expenses
CC debt: I was able to paid all of it off from last month, but I am still expecting some more travel expense.
Personal Home: $95,783 (-$199)
Rental Home: $59,515 (-$143)
Previous month goals:
Continue to contribute to my vanguard taxable account, I am estimating about $8,000+ that I can probably contribute.I was able to contribute $10,000. (Completed)Plan on liquidating some of my saving account due to the fact my goals have changed will keep you posted.(Completed)Contribute $500 to my lending club account.(Completed) I have set lending club to withdraw $500 each month, I might change my mind later on.Invest in individual stocks to create my dividend portfolio for long-term growth and passive income.(Completed) Long DE, VOD, & MCD.- I still have more travel expense and volunteer fee I will have to pay, so I am expecting about $-2,000 more that I will be paying later on. (Not Completed) I did not pay any travel expense but probably will in August.
Goals for August:
- Contribute $5,000 + to my vanguard taxable account.
- Purchase 2-5 dividend stock.
- Expecting to pay my travel expense this month.
My net worth is up +$28,398, I still got a long way to go and also my net worth is increasing fast is because of my job. So it won’t last forever, but investing now seem logic and I have a decent emergency fund to cover me if anything happen.
How was your July net worth?
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