Saturday, April 12, 2014

Net worth update - Second quarter of 2014

Here is my net worth update as of today...

Approximate value of our house: $195,152 (-$19,575 since last quarter) (Estimation from Zillow)
Roth IRA: $35,528 (-$578 since last quarter)
Simple IRA: $6,574 (-$373 since last quarter)
Regular IRA: $4,207 (+$189 since last quarter)
Lending Club: $218 (+$2 since last quarter)
Savings (including emergency fund): $45,086 (+$7,520 since last quarter)

Total assets: $286,765 (-$12,815 since last quarter)

Mortgage: $170,235 (-$2,097 since last quarter... Note, last time it didn't take the Jan 1 payment into account yet)

Total net worth including our house: $116,530
Difference since last quarter: -$10,718

Calculation of my net worth not including the house: 

Roth IRA: $35,528
Simple IRA: $6,574
Regular IRA: $4,207
Lending Club: $218
Savings (including emergency fund): $45,086

Total assets (monetary only): $91,613

Mortgage: $170,235

Total net worth not including the house: -$78,622
Difference of +$8,857 since last quarter

Wow, did our house value really just drop nearly $20,000 in 3 months? I don't worry about it too much because I don't know how accurate Zillow is. The fluctuation in house's value is the main reason I also compute my net worth not including the "value" of the house. As long as the house is still worth more than the balance on our mortgage, I'm going to not worry about it. So if you look the the second net worth value, I have improved by nearly $9,000 in three months, so I'm pretty happy with that.