Status Update (11/23/2009)

I thought it was time to take a look and see how my status has changed from June 2009 to November 2009 (five month period). In order to compare apples to apples, I have not included Property #1 and #2 in the first part of this calculation and will incorporate it in the 2nd part of this post.

Assets:

• Checking & Savings Accounts  – 8,000
• Internet Savings Account – 8,100
• Foreign Currencies – 6,600
• Stock Market – 7,000
• Mutual Funds – 2,300
• Roth IRA – 6,600
• 401k (current employee) – 26,000
• 401k (previous employee) – 16,600
• Property #3 – 147,000 (39,000 equity)

Total Assets: 228,200

Liabilities:

• Student Loans – 27,500
• Property #3 Mortgage – 108,000

Total Liabilities: 135,500

Comparing these numbers with the prior status update on June 2009, you can see an increase of assets by 16,200 (from 212,000 to 228,200) and a decrease in liabilities by 5,700 (from 141,200 to 135,500). The net result is an overall increase by 21,900 over a five month period. Prorating this makes a 4,380 monthly increase and projecting this would be 52,560 over a year.

If I were actually able to hit the projection of 52,560 for the 2009 year then I could consider my goal of saving $50,000 for 2009 written off. That would be the last of my goals for 2009. I will count up my numbers in January to see how I did in 2009. Hopefully that goal was attained!

Changes in this period are due to:

• Building back my emergency fund reserve (Internet Savings Account)
• Creating a Foreign Currency position
• Continue buildup of 401k (automatic pre-tax contributions & employer match)
• Accelerated payoff of Property #3 mortgage by prepayment
• Increased income/savings due to promotion in September

Now to take Property #1 and #2 into account.

Property #1:

• Mortgage = 142,000
• Assessed Value = 500,000

Property #2:

• Mortgage = 28,000
• Assessed Value = 490,000

If both properties are included in Assets and Liabilities then the revised net amounts are:

• Assets: 1,218,200
• Liabilities: 305,500
• Net Worth: +912,700

Related posts:

• Status Update (7/1/2010)
• Status Update (5/1/2010) & Everything Else
• Current Status (6/21/2009)
• August 2009 Budget Breakdown
• November 2009 Budget Breakdown