Thoughts Before Calculating: I think I am going to be up month over month, but just slightly.
Calculating my Net Worth
My Family’s Assets
While I have several asset categories, I don’t think they are particularly complicated.
Cash
Cash Equivalents – Currently, my cash equivalents is simply my emergency fund. I am currently underfunded as it relates to the amount of cash I would like on hand in case of an emergency or job loss. This month I actually had to eat into my cash for an emergency egress installation on the rental property. I am going to need to focus on building this back up quickly.
Real Estate Holdings
Main Residence – Exactly what it sounds like! My Family’s home. Nothing exciting or changing any time soon.
Rental Property – Every month I update a spreadsheet I keep for the minority owners of my rental property. I have some headaches I am dealing with in Q1, but this is still one of my favorite assets.
Retirement Accounts
My 401(k) – I have complained about my 401(k) for years. It is/was made up of terrible investment options with ridiculous fees, but I get a match so I always had to participate. I recently sat with my HR Department and it looks like we are getting some updated options!
My Traditional IRA – I reviewed and updated the account last year. Probably ignoring it for 2025.
The Wife’s Roth IRA – I reviewed and updated the account last year. Probably ignoring it for 2025.
The Wife’s SEP IRA – Probably ignoring it for 2025.
Non-Qualified Accounts
My Trading Account – This one account houses both where I invest in my dividend growth companies and risky speculative option trades. I need to really write out what has been going on.
Wife’s Disney Stock – The Wife has owned disney stock for decades from her parents. We have used some of this mone y over the years, but
Alternative Investments
Crypto Currency – This account was basically started for FOMO purposes. It is a shitty reason, but it is mine nonetheless. I don’t pay much attention to the crypto market and will probably continue to ignore the account. Bitcoin’s rcent bull run has me checking a bit more often!
Life Insurance Cash Surrender Value – As described I own a number of permanent, cash value whole life insurance policies. Since the cash is accessible I include it in my net worth statement. This money is also accessible via a loan against the cash value.
Physical Gold – A few years back I decided to start buying physical gold, I am hoping one day to be that crazy guy with a stack of gold I can swim through.
Currently, I do not include my investment club in my net worth.
My Family’s Debt
Long Term Debt
I have a mortgage on each property that are on auto-pilot. I also have debt associated with my boat purchase this year. No huge changes coming in 2025.
Short Term Consumer Debt
I have recently had some debt get away from me, so last month I consolidated it onto a .99% balance transfer. I have been paying it down weekly.
My Net Worth Change
- Month over Month my family’s net worth increased a bit over 1%
- Year to date my family’s net worth increased the same given it is the first month
