Wednesday, July 15, 2015

Net worth update - beginning of 3rd quarter 2015

Approximate value of our house: $227,949 (+$7,250 since last quarter) (Estimation from Zillow)
Roth IRA: $43,511 (-$20 since last quarter)
Simple IRA: $7,978 (+$64 since last quarter)
Regular IRA: $6,645 (-$184 since last quarter)
401(k): $3,950 (+$2,505 since last quarter)
Lending Club: $221 (same as last quarter)
Savings (including emergency fund): $45,288 (+$9,871 since last quarter)

Total assets: $335,542 (+$19,486 since last quarter)

Mortgage: $161,936 (-$1,816 since last quarter)

Total net worth including our house: $173,606 
Difference since last quarter: +$21,302

Calculation of my net worth not including the house:

Roth IRA: $43,511
Simple IRA: $7,978
Regular IRA: $6,645
401(k): $3,950
Lending Club: $221
Savings (including emergency fund): $45,288

Total assets: $107,593

Mortgage: $161,936

Total net worth not including the house: - $54,343
Difference of +$14,052 since last quarter

I'm pretty happy to see my net worth is still going in the right direction! Wow, that little 401(k) balance is raising rapidly. I've been working lots of overtime lately, so not only have my paychecks been bigger, but my 401(k) contributions (and therefore the company match) have been larger. I don't even think about the 401(k) much because it's an automatic deduction, so it's a good way to easily save money for retirement. Ever since I left the job with the Simple IRA over 10 years ago, I've always had to make a decision that I have going to invest in my IRAs, so I've always kind of mentally wrestled with whether or not I really wanted to put that money and not see it again until retirement. Now I don't have to decide (although I am kind of debating about putting some in my Roth IRA this year as well). If you have the option to invest in a 401(k) or something similar (403(b) etc.), I would highly recommend you do so!

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