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Monthly Net Worth Update – September 2009
Woohoo – our net worth increased again this month to another all-time high. In fact, something crazy that I realized when logging this month’s information is that our net worth has increased a total of 62% since the low point in March 2009. Another crazy thing that I realized is that the low point coincides with about the time I bought my iPhone….now, I don’t know if having an iPhone accounts for all of the increase – you can draw your own conclusion. ;^)
Our assets increased almost 2%
This month, we had moderate increases across the board for our assets (except for my stock options which dropped slightly). There were no huge gains like those seen in months past; the biggest increase was about 10% in our 529 college savings accounts. Other than that, most accounts saw a nice steady increase of about 2-3%. Of note is our house value increased again – it’s now rising up close to the value that we owe on our mortgage (it certainly would be nice to not be underwater on that anymore)!
Our liabilities decreased 0.5%
Another month, another drop of about 0.5% on our liabilities. One thing of note is that the contractual obligation that my wife would have to repay if she stopped working before the end of the year (which we are treating at debt in our net worth calculations) is almost down to $0. That will be a great relief to have that satisfied and not hanging over our heads. Of course, after that, the only decrease each month will, in fact, be the 0.11% that our mortgage is reduced each month. I gotta start accelerating that thing or refinancing or, or, or something!
Our net worth increased more than 5%
As I mentioned, our net worth is up to another new high. Hopefully that trend will continue forever (hey, a guy can dream!) but of course there will be hiccups along the way. Again, the plan stays the same: earn, save, invest, stay out of debt.
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