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Net Worth Report for September 2016

Assets   $ Diff % Diff
Cash $136,640 - -
Stocks $22,843 - -
Bonds $0 - -
Annuities $0 - -
Retirement $187,668 - -
Home $0 - -
Other Real Estate $0 - -
Cars $20,297 - -
Personal Property $0 - -
Other $6,170 - -
Total Assets $373,618 - -
Debts   $ Diff % Diff
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Card $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $0 - -
 
Net Worth $373,618 - -
Net Worth History Chart
Monthly Entry
Still currently unemployed, the search continues to find a position that will help me progress in life and career. In the mean time, I am 16 credits into my MBA with William and Mary and the lack of employment has certainly helped my GPA (3.9, that darn A- dragging me down).

I have been attempting to keep my expenses to a minimum so as to not deplete my savings. That said, my contentedness has certainly been tested - I have expensive tastes and hobbies, having no money certainly puts a damper on my "fun". I'm hoping that when I finally do find work that there will be enough discretionary income to enjoy some of the aforementioned. That said, I'm still managing to avoid carrying debt (continuously). I have been using my credit card more frequently than in the past, to capitalize on some rewards points in anticipation of picking up some "free" camping equipment but have been paying it off straight away. I can't afford to pay the cost of interest even if it is a comparatively low 8.15%; I could probably do better but I'm normally opposed to buying on credit.

My last look at my TSP showed a 12 month historical growth rate of 9.48%, not great, but not terrible either, haven't done the math to figure out the growth of my IRA. Contributions to both have been lacking due to not having disposable income and needing to fund the essentials first and foremost.

Adjusted the Blue Book rates for my Truck and Motorcycle, obviously I have other "personal property" though I haven't itemized and accounted for each thing; let's call it $20K worth of purchases though a garage sale would likely net about $5K if I were to sell EVERYTHING. I mean, who would really want my 10 year-old couch and love seat that my cats have scratched up? The market for used mattresses isn't so great either.

Ideally, I'd like to get more involved in Real Estate Investing though it's been difficult to sort out the Guru's who are only out to make $ for themselves, and locating a true mentor that can guide me toward success. I have been attending local REIA meetings and getting to know the pros, but there is still quite a bit more knowledge that I'll need to gather before I fully commit.

I'm getting better at money management, but there is still plenty of room more to grow.

Net Worth Report for March 2016

Assets   $ Diff % Diff
Cash $54,955 - -
Stocks $21,158 - -
Bonds $0 - -
Annuities $0 - -
Retirement $172,033 - -
Home $0 - -
Other Real Estate $0 - -
Cars $23,143 - -
Personal Property $0 - -
Other $6,305 - -
Total Assets $277,594 - -
Debts   $ Diff % Diff
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Card $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $0 - -
 
Net Worth $277,594 - -
Net Worth History Chart
Monthly Entry
Currently no debts, OKC house was sold in April 2015, been sitting on proceeds until I figure out where to live. This is my last month in the Navy and will be discharged on the 1st of April. Been looking into investing in Real Estate in order to build some wealth.

Finished pilot's license back in January, spent a little over $10,000 to do that. Keeping my fingers crossed that my net worth only goes up from here.

Net Worth Report for July 2013

Assets   $ Diff % Diff
Cash $15,543 - -
Stocks $0 - -
Bonds $0 - -
Annuities $0 - -
Retirement $86,939 - -
Home $128,983 - -
Other Real Estate $0 - -
Cars $30,000 - -
Personal Property $0 - -
Other $6,500 - -
Total Assets $267,965 - -
Debts   $ Diff % Diff
Home Mortgage(s) $122,000 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Card $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $122,000 - -
 
Net Worth $145,965 - -
Net Worth History Chart
Monthly Entry
Paid off my student loan, truck loan, CC pretty much every other debt that I had with the exception of the mortgage but hey I didn't have $125,000 just laying around. The mortgage debt is an approximation since I can't get my login information from work.

My primary focus at this point has been to save up around $35,000 which is roughly 6 months worth of income as an insurance policy to hedge against a job loss. Seeing as how I'm in the military that doesn't seem like a likely possibility but I am debating a career change in the not-so-distant future. Regardless, it's not a bad idea to have liquid cash around. After that the focus will be on paying down the mortgage and upping my retirment/savings contributions. I still feel like I should make an appt with an advisor to get an idea where I will be retirement-wise if I maintain my savings plan as is.

Been setting aside $150/paycheck (not on the books) in order to purchase big-ticket items. Guns, Bicycle, D-SLR... that kind of thing. Mason jar equivalent of a child's piggy bank.

Father passed away recently, and after clearing out his estate it became more apparent that I needed to maintain focus on my own finances. It appears he had no life insurance in effect, made no effort toward final planning, and had virtually nothing in the bank.

Still leaning toward med school. Hopefully by the end of this tour I'll have a good amount in the bank saved and be ready to absorb the pay out for it.

I'll try to keep this updated more often than I have been.//jmc