Year 2020 in review we netted $146,884.61 gain in our net worth. The majority of that came from the sale of our flipped house. We made about $112,653 off of it and the other $34,231.61 came from taxes, stimulus, the market, and good old saving every single month.
Here is our net worth from December to January with an increase of $16750.62; $2,400 came from the stimulus package, $5,000 from our escrow, some savings, and the rest of it came from the stock market increase.
We SOLD our house!! Here’s the breakdown:
Our net worth increased by $83,700 since October that doesn’t account for the $1k prorated insurance and our $5320.11 in escrow. We essentially doubled $100,000k investment which is not reflected here because our net worth in October accounted for the equity we had in the home which was roughly $36,000.
This post is a few days late but here it is our net worth is down a bit due to the market. We have decided to put our house on the market and the realtor recommended we list at $375,000 she thinks it will go very quickly. It’ll hit the MLS Monday…I’ve been searching for rental houses so hopefully we can get everything aligned when the time comes. Maybe if it sells at what she thinks we will end up in the 400k for net worth which would be nice.
Net Worth increased by $11,845.14 in a month! $2714.70 we saved ourselves, $135.87 from interest and the other $8994.57 from our investments increasing.
We are starting on a new budget plan to stick to $600 in food/misc. expenses every 2 weeks and save at least $1,200 a month – $600 in the Land Fund and $600 in the Boat Fund. I will also be saving everything I make from my part time job which I have not included in these numbers.
We have officially hit a Net Worth of $300,000 minus the car fund (330,926.75-30,738.37) Yahoo!!! I am excited about still having over 300k in assets once we buy a car. I do not include cars in our net worth only investments and cash.
We were paying extra on our house but in February and March when the market took a dive I decided to invest some extra money in the stock market. I transferred $1200 over and invested different amounts on different days. As of June 22nd these were my numbers. I made 38.66% on those investments so far it was a wise choice. I plan to keep on eye on it throughout the coming years. I was very nervous about investing in a down market even though that’s what I know should be done. Glad I did it and because I took the chance I’ll be less reluctant the next time the market takes a turn for the worst.
Net Worth went up a good bit due to the stock market increasing.
May 1,2020 Mortgage Amortization Schedule
June 1, 2020 Amortization Schedule
We paid an extra $1,131.23 and our credit rewards paid $25 off our mortgage principle for a total of $1,156.23 which paid down our mortgage an additional 3 months and saved us $1,592.48 in interest.
Stock Market took a huge hit. We have been buying our normal TSP and Roth investments plus $900 extra to try to take advantage of buying low. This month we started the extra savings account to help out family in these uncertain times.
The stock market is back up so is our net worth. Hoping to get net worth up in the solid 300k zone minus the car fund before the end of this year.
