As of March 6 , 2014, we are $445,055.54 in debt (that includes the mortgage). Without the mortgage, we’re at $27,841.81 in debt. This includes student loans and an auto loan. We currently have $1,034,763.35 in assets (including our house). Our retirement accounts are at $363,981.50. Our Net Worth is $589,707.81 (includes house and mortgage), up from $571,497.88 last month (3.19% increase).
Thanks to J Money, we’re listed on the Ultimate List of Blogger Net Worth. I was surprised that we were as high on the list as we are, but we live in a very high cost of living area, and all of our numbers reflect that. Do I wish we had as high of a net worth without our house? Sure, but our house is a significant chunk of our assets. If you count the mortgage, but not the house, we have a net worth of -$33,292.24. As our house can be sold, or we can borrow against it, we have some access to the equity in our house. In our area, just having more than 20% of your house in equity is a pretty big accomplishment (we have 33% using our last official appraisal, which is probably on the low side since it was over two years ago).
My 401(k) contribution hasn’t made its way into the account yet, so I have money “floating” around the ether until it’s deposited – have I mentioned before that I’m not a huge fan of my 401(k) plan?
Dad’s new withholding rate starts on the next paycheck, so we’ll see what it does to our cash flow. I expect to have $2-300 less per paycheck, but I won’t know for sure until the 14th. But, it will increase our investment accounts at a much faster rate.
The markets improved in February, with our investments increasing by 5.85% this month. They’re up 4.94% since the beginning of the year. I’m hoping for a modest 15% increase this year (remember, our investments increase from both the market and from our contributions), bringing us closer to our early retirement goal.
Debt (in the order we’re paying it down):
- Line of credit (8.75%): $0.00
- Chase (4.99% for life): $ 0.00
- Student loans (aggregated 5.32%): $9,294.76 (-882.14)
- Car loan (0%): $18,580 (-490.00)
- Mortgage (4.125%): $ 417,180.78 (-678.41)
Total paid off in February: $2,050.55