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Monthly Net Worth Update – October 2009
This month marks the seventh month in a row of increased net worth for us. It was not a huge increase, but it was as solid increase and in light of the fact that we paid for our vacation to Disney World during this past month, I’m quite happy that our net worth increased.
Our assets increased almost 2%
This month all of our asset categories increased except for our liquid accounts. Those dropped 3.5% probably due mostly to the vacation we took. Just like last month, there were no huge gains like those seen in previous months; the biggest increase was about 10% in my stock options. The remainder of the accounts produced a steady percent increase in the single digits. Our house value again increased this month and is now quite close to the amount we owe on our mortgage (man, how sad is it that I’m excited just to be getting close to not being upside down on the mortgage?!?)
Our liabilities decreased 0.5%
Another month, another drop of about 0.5% on our liabilities. I have been giving more serious thought to accelerating or refinancing the mortgage (or possibly both). I think if I did refinance it to get a lower interest rate and smaller payment, I would continue making the same payment that I do now in order to accelerate the payoff. We’re still a very long way from paying off the mortgage, but it would feel good to at least be moving in that direction. Alas, I still have not done anything substantive though.
Our net worth increased almost 5%
We hit another new all-time personal net-worth high this month. Another month, another increase – so far I am on plan to increase it every single month. That might not be a very realistic goal, but I’ll continue to do what I can by earning, saving, investing, and staying out of debt.
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