Friday, April 24, 2015

Net worth update - Beginning of 2nd quarter 2015

Sorry this is so late... Where does the time go?

Approximate value of our house: $220,699 (-$2,276 since last quarter) (Estimation from Zillow)
Roth IRA: $43,531 (+$1,845 since last quarter)
Simple IRA: 7,914 (+$388 since last quarter)
Regular IRA: 6,829 ($256 since last quarter)
401(k): $1,445 (new this quarter)
Lending Club: $221 (same as last quarter)
Savings (including emergency fund): $35,417 (+$7,076 since last quarter)

Total assets: $316,056 (+$8,734 since last quarter)

Mortgage: $163,752 (-$1,648 since last quarter)

Total net worth including our house: $152,304
Difference since last quarter: +$10,382

Calculation of my net worth not including the house:

Roth IRA: $43,531
Simple IRA: 7,914
Regular IRA: 6,829
401(k): $1,445
Lending Club: $221
Savings (including emergency fund): $35,417

Total assets: $95,357

Mortgage: $163,752

Total net worth not including the house: -$68,395
Difference of +$12,658 since last quarter

It's nice to see my net worth is heading in the right direction. As you can see I have a new entry this quarter: a 401(k)! I recently got a new job with not only an increase in my hourly wage, but it also has benefits including health insurance, paid vacations and a 401(k)! I am currently contributing 10% of my income into the 401(k) and I was pleasantly surprised to see it is well over $1,000 already. Some of that is not fully vested yet. I believe I have to be with the company 5 years before their matching contributions are 100% vested.