James & I were pretty stoked in October to finally reach the Million Dollar mark!
We were even more fortunate to review our finances at the end of the year and see that we had increased another 3.1% in the last three months, an increase of $33k. Increasing by $10k a month starts to take things to the next level, especially as that starts to compound.
This is up a whopping 24% from only last year. Granted, the S&P500 is up 29% this year, so we are actually just shy of keeping up with the market.
Clearly the driver here has been increases in our stock market investments, which are mostly in retirement 401ks and ROTHs.
How often do you review your net worth? Have you seen the needle move this year?
Happy Investing!
Miel
Congrats on reaching a million!!! Question, how hard was it to get all the mortgages on the rentals? Weren’t any of the banks concerned about the amount of mortgages you had before issuing a new one?im only asking because I’ve ran into roadblocks getting mortgages for rental properties.
Big bucks guys! Nice job. I focus on overall net worth growth as well.
Have a good 2014!
My wife and I check on our net worth monthly. As you experienced, 2013 ended on a high note for us. But, already down a little since then, that’s the way it goes when you are riding the stock market.
Thanks for posting all of this. I really enjoyed reading your about page too.
My wife and I recently started posting our numbers. It’s good to know there are others out there leading the way. Very encouraging stuff, thanks again.
-Derek
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