Somehow the year is almost over! For the first time in a really long time, I am actually excited to start up a new year. With the work and career changes I shared recently, I really believe 2024 is going to be different. I’ll go over goals, objectives, plans and ideas in my year end post but right now let’s do some calculations to see how I did month over month.

Thoughts before calculating: I am going to be up month over month. I have the tailwind of the market pushing me along.

Calculating my Net Worth

My Family’s Assets

While I have several asset categories, I don’t think they are particularly complicated.

  • Cash Equivalents – With all the changes happening, I want to take a look at just how much I want/need in Cash going forward. I have a tiny, tiny emergency fund…much too tiny at this point in my life.
  • My Trading Account – This one account is both where I invest in my dividend growth companies and risky speculative option trades.  Easily my favorite asset, despite not being the biggest (by a long shot). Last time I shared a net worth update I wrote that, “this [account] also currently provides me the most stress.” Feeling a bit differently as I just hit an all time high today.
  • My 401(k) – My 401(k) has some terrible investment options that have ridiculous fees, but since I am getting a match at work I fund it to a little bit above the match. This account is probably the most correlated to the market and is one of my larger assets and as such when this swings so does the net worth.
  • My Traditional IRA – Just some companies that have caught my attention at some point or another.
  • The Wife’s Roth IRA – Again, some companies that have caught my attention at some point or another.
  • The Wife’s SEP IRA – The Wife was talking to my father in law a few years back who told her that she should have a SEP IRA, and since she is funding it with business proceeds, I was not going to argue. We were contributing $100/week to the account, but that has stopped since her business is really on the decline.
  • Crypto Currency – This account was basically started for FOMO purposes. It is a shitty reason, but it is mine nonetheless. Looks like I am back to about even with the account, but I stopped the automatic deposits and plan on largely ignoring it for now.
  • 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. I have plenty of posts about paying it back and then pulling it back out and then paying it back, but as I sit here in December 2023 I have a loan against it and am aggressively paying it back.
  • 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. I need to audit my safe because to be honest I deleted the amount I owned so I have been just dragging the previous month’s balance.
  • My Rental Property – Every month I update a spreadsheet I keep for the minority owners of my rental property.
  • My Main Residence – My Family’s home.

Currently, I do not include my investment clubs in my net worth.

My Family’s Debt

  • Law School Debt – Refinanced this to 2.6%, a year or so ago. I am toying with the idea of just paying it off so that I can save on my cash flow.
  • Mortgage and Home Debt – I have a mortgage on each home and a home equity line of credit on the rental property. Also thinking about tackgling the HELOC on the rental as it currently is at
  • Consumer Credit Card Debt – I keep going from zero to a shit ton and it is killing me. I am hoping to get rid of most of it, if not all of it in 2024 and get it entirely under control.

My Net Worth Change

  • Month over Month my family’s net worth increased by 5.75%
  • Year to Date we are up around 12%

With my life hopefully getting a little less hectic next year, I am excited to start reigniting my hobby of focusing on my personal finances rather than just clients.

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