April Net Worth

As of the end of April our Net Worth increased to $982,002 from $950,835 for the month which is a 3.28% increase. The increase in net worth is tied to the increase in the stock market for the month as well as the purchase of a condo that had gone back to the bank.

The breakout is as follows:
ASSETS
Retirement Accounts $526,940
Taxable Accounts $151,577
Cash $27,264
Home $205,000

Other Real Estate $137,500
Cars $6,500
Personal Property $3,000
Kids 529 Accounts $42,271

DEBT

Other Mortgage $112,050

Credit Card $6,000

NET WORTH

$982,002

Here is the summary for this month:

The big news for April is the purchase of a condo in a CA resort. My brother and I went in together to purchase the condo from a bank after a foreclosure. With a small amount of repairs and furniture. The condo is on the rental market. We have it rented out for 2 months already. We will break even when we rent it out for 7 months of the year. There is also a great upside potential in price appreciation as well.

The stock market was up for the month of April. The S&P 500 was up 3.3% for the month and that accounted for most of our investment gain.

We now have $6,000 in debt that is interest free for 12 months. The money was used to furnish the condo. We will continue to use our other credit cards for rewards but payoff the balances each month. I received around $300 in dividends for the month and have used the cash from these dividends to make additional stock purchases.

We will be building up our cash over the next few months to increase our cash reserves. You can click on my Net Worth graph on the right to see the changes in each category from the previous month. We continue to fund our Roth IRA's each month.

I will post my Dividend Income Update on Tuesday.