Net Worth Jan 1, 2019

OK, a lot of folks have done postings on their net worth (and how much it took a hit in 2018). I figure I’d join the crew and open up the windows to the folks outside. I know this is a topic of some controversy within the FI community, as some folk’s post their net worth, and some folks are loathe to do it. I believe that the more information folks have, the better they can judge my writings and decisions versus their own.

Like many others, I’ve posted my net worth on Rockstar Finance. So here goes.

Real Assets Value Jan 1, 2018 Value
House $279,809 $289,171
Mrs. 39 Months Car $3,650 $3,981
Mr.39 Months Car $5,251 $4,353
Sub-Total $294,781 $297,505
Liquid Assets Value Value
Family Checking $8,428 $4,014
Family Savings $11,963 $3,673
Mr. 39 Month’s Roth IRA $135,025 $178,199
Mr. 39 Month’s IRA $298,748 $234,647
Mr. 39 Month’s 401K $55,467 $61,732
Mr. 39 Month’s Deferred Savings $56,566 $105,889
Mr. 39 Month’s Checking/Savings $9,249 $8,925
USAA Brokerage Account $53,481 $22,526
Pop’s stretch IRA $135,205 $127,882
Mrs. 39 Month’s Checking/Savings $119,658 $119,658
Mrs. 39 Month’s IRA $162,001 $104,627
Mrs. 39 Month’s Roth IRA $89,448 $135,481
Sub-Total $1,135,238 $1,107,253
Debits Value Value
Home Loan $0 $0
Credit Card bill -$1,288 -$3,240
Auto Loan $0 $0
Sub-Total -$1,288 -$3,240
Net Worth $1,428,730 $1,401,518

Overall, net worth dipped about 1.9% for 2018, and this after pumping in around $87K of money during the year. Needless to say, it wasn’t a “banner year.” However, it’s the first dip in my Net Worth since the 2008 crash, so a good ten year run. Since my growth plans are based on my long term growth rate of 6% (what I’ve averaged over the last 22 years, including the 2000 and 2008 stock dips), I’m still in the ballpark.

Key lessons learned for Net Worth in 2018?

  • Real estate not really jumping up in my area (Southern NJ). My value hasn’t moved much since 2009.
  • Cars have depreciated a lot – but they continue to run well (regular maintenance) so no need to replace anytime soon. Slowly saving up for new ones at some point of time in the future.
  • Roth IRA conversions altered the makeup of my retirement accounts. Will probably due one more $50K conversion, and then let it ride from there. Used money from investment account to pay taxes, so it dipped a lot there.
  • Put aside 25% of paycheck and 100% of bonus to deferred account, so that jumped up significantly over Jan 1, 2018. No taxes paid until I leave work (when it gets paid out as a lump sum). This will end up being a good portion of my year 1 & 2 of FIRE money
  • Credit card bill was from one of our Pet’s emergency medical costs (ouch!). We have the money to pay it off, so no big thing

Overall, while our Net Worth took a slight dip, we will continue with the plan. I believe we are still on track to retire in 18 Months (if we want), or we could retire now if we felt confident in US Social Security.

How did your Net Worth go in 2018?

Other FI Bloggers and their net worth

Mr. 39 Months

2 thoughts on “Net Worth Jan 1, 2019”

  1. Thanks for sharing!

    We were able to increase our net worth by 2% last year, which I was happy with in the context of the market, but as you alluded to in your post, that small increase was driven by “pumping in” a lot of new money during the year, not great investment returns.

    I’m most interested in how Mrs. 39 Months (presumably older?) car appreciated in value a little bit last year. If you can share the secret of finding a car that increases in value that would be very helpful!

    1. I think I rated the car as “fair” when it actually was good. I also put it in this year for a private sale (i.e. selling it to someone via an add in the newspaper or on Craig’s list) instead of to a dealer (who typically don’t give you as much).

      However, it might also be because the car is a Saturn Vue, and Saturn is no longer in business. Her car was the last of that “run” before they redesigned. Its possible that the spare parts on her vehicle (i.e. buying it to cut it up) are worth more than the actual cost.

      I use Kelly Blue Book’s website to determine value, and just typed the info in.

Leave a Reply

Your email address will not be published. Required fields are marked *