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End March Net Worth Statement

April 2nd, 2013 at 02:01 am

Prepared the statement yesterday. The end-March statement is the most meaningful for us as far as looking back at how we have done over the past year, because the taxes are done. Because my husband is self-employed, his income varies and so do our taxes and the amount(s) we can contribute to tax-deferred retirement funds. By the end of Feb or March we know with certainty how everything has shaken out.

Highlights:
- Compared to a year ago, our net worth is up 9.0%.
- Over the past year, as we have done for several years now, we lived above the crossover point.
- Non-Financial Assets (house & cars) represent 17.4% of net worth. Can say confidently that we are NOT house (or car) poor.
- Updated the "Balance Sheet Affluent" number on the sidebar ... getting closer.

Lowlights:
- We have 2 CDs that are paying 5%+ interest, and doing the net worth statement was a painful reminder that the days of earning that kind of interest are coming to an end. One of the CDs matures in December. Sigh ....
- We are getting so close to the time when DH will be taking the big step towards his lifelong dream. (Yes - I'm intentionally being cryptic. I've shared what it is in the past, but now that we are so close to the time I'm not sure if I want to share with the "anonymous internet world at large.") We are very close but not quite as far along as I had hoped we would be in terms of net worth.

Next Step:
- Purchase some I-Bonds? Thinking about it.

2 Responses to “End March Net Worth Statement”

  1. LuckyRobin Says:

    I read non-financial assets as non-fictional assets. Made me laugh. Good luck on your husband's dream.

  2. scfr Says:

    LuckyRobin:
    That is funny! If Financial Armageddon were to ever come, it may be true. Big Grin

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