August Net Worth

As of the end of August our Net Worth decreased to $894,761 from $965,562 which I last calculated in May.. The decrease in net worth is tied to the decrease in the stock market for the past few months.

The breakout is as follows:
ASSETS
Retirement Accounts $465,928
Taxable Accounts $125,382
Cash $26,286
Home $205,000

Other Real Estate $137,500
Cars $6,300
Personal Property $3,000
Kids 529 Accounts $39,804

DEBT

Other Mortgage $111,439

Credit Card $3,000

NET WORTH

$894,761

Here is the summary for this month:

The stock market was down for the past few months which accounted for most of the decline in our net worth.

We have $3,000 in credit card debt that is interest free for 12 months. The money was used to furnish our new investment condo. We will continue to use our other credit cards for rewards but payoff the balances each month. All dividends received this month went toward paying down debt.

We will be paying down debt and trying to 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 Wednesday.