2017: First Half of the Year

[disneysteve]

As expected, new money is making up most of our increase in net worth

We crossed that line quite a while ago. The majority of our increase now comes from growth of the investments. In the first 6 months of 2017, our portfolio grew by over $93,000 which exceeds my total income for that period.

[bennkar]

As of the end of June my investments were up $85k or about 13%. Half of that was savings, the rest was growth. I think in each of the last 4 years the investments have grown more than I put in and this year looks like it will do it again.

Hard to believe when I look back. In 2011 I had maybe $150k in investments and thought I was doing great. Now I have over $750k . Thats a larger growth than my total gross salary over that whole time.

[bjl584]

I'm up about $31K this year so far

[greenskeeper]

don't know, don't care. Only debt remaining is the mortgage which will be paid off in 5 years, 401k with company match, roth ira maxed out.

37 years old

[Danielvalerio506]

I don't track net worth but I know that our finances improved dramatically in the first half of the year due to me cutting back to part time at my practice and increasing to part time at my urgent care job. That had a nice positive effect on my income. My expectation is that I'll earn about $40,000 more this year than last year.

I´ve never tracked or calculated my net worth you know.
I am more focused on weekly and monthly cashflow coming from passive income investmets.
My goal is get enough passive income to fully maintain my lifestyle without having to work anymore. For example right know I have good debt and bad debt, my goal is to eliminate completely my bad debt and just keep the good debt, that debt is paid monthly with the passive income that it generates by itself and the rest of the income is for me to live. It is difficult because as I am just starting sometimes I don´t have any money for myself but at least I have free time to work if I want to work and not because I have to work.

[disneysteve]

My goal is get enough passive income to fully maintain my lifestyle without having to work anymore.

I think pretty much all of us have that goal. It's called retirement.

For example right know I have good debt and bad debt, my goal is to eliminate completely my bad debt and just keep the good debt

I'm curious what you are calling good debt and bad debt.

[Danielvalerio506]

I think pretty much all of us have that goal. It's called retirement.


I'm curious what you are calling good debt and bad debt.

Hahaha!! Yeah well most people think retirement is waiting for the government or social security take care or you, we all know that is not the way to think anymore. We must invest in our own retirement because the government hardly will help us.

Bad debt is when you buy liabilities like a car (decreases in value) liabilities take money from your pocket.
Good debt is when you buy assets like a house that you rent to somebody else or if you get a loan at 9% and you give the money to somebody that will pay you 18% for example. Good debt is debt that gives you cashflow and that is my case, when I had no financial education I incurred in bad debt but now I have good debt aswell.

[Gailete]

Well just figuring financial assets retirement/stocks, we are up 10.62% from an increase in deposits as well as increase in value. Currently we have between 24-32 months that can be used for monthly expenses if needed in combo with SS and other income depending on what we need during a particular month. Want to see the total number a whole lot more before have to start using any of it.

Don't have time right now to figure out what we owe and what we have paidi off this year for a total look at things.

[LivingAlmostLarge]

I'll check later when we have more time.

[msomnipotent]

It took over a month for that extra 1% to show up in our paycheck. After realizing how little it is, I added another 1% today. We have already added over $7,000 more than we did all last year and there are still 9 more paychecks this year. He is going to get a small bonus at the end of this month, and I think they take 401k contributions out of that, too.

I just can't wait until we find a new house and get settled so I can make a real plan. We made an offer on one last month but we were beat by $2,000 and the other buyers removed the inspection clause. I would have added more money, but the sellers really wanted that inspection clause removed, which is a red flag for me.

[Nutria]

It looks like we have added about $100,000 to our net worth in the past 6 months, but $40,000 of that is earmarked towards a new house. Once we finally find a house and get settled, there will be a temporary dip to our net worth, but I'm expecting to really boost the numbers within 6 months of moving.

Your net worth will stay the same, even though the asset mix will change. (Unless you mean that there will be expenses required for fixing up the new house.)

[Nutria]

For the first half of the year, our NW went up 9.1%.

[scfr]

Your net worth will stay the same, even though the asset mix will change. (Unless you mean that there will be expenses required for fixing up the new house.)

Costs related to the home purchase will negatively impact net worth.
Also, although it is not common, there are some people (myself included) who immediately discount the value of a new home on their net worth statement to allow for the eventual sales-related costs (real estate commissions and sales tax being the main ones).