Comments on: Net Worth Update: $459,266.46 [+$3,000]

By: J. Money

J. Money — Mon, 17 Nov 2014 02:04:29 +0000

In reply to D$.

I’m not sure I could since we don’t have any equity in it? Or at leas without putting down $90k like the last time I tried to refi with a plain 30 year :(

Plus, at this point we’ll probably end up selling it sooner than later anyways so I’m not stressing about the interest rate as much as I used to. It’s now a rental property as we’ve since moved so odds are we’ll sell as soon as we think we can break even.

By: J. Money

J. Money — Mon, 17 Nov 2014 02:02:12 +0000

In reply to Joe. All that really matters is that you're just tracking it :) Us voyeurs can feast off all the other bloggers spilling it, haha....

By: J. Money

J. Money — Mon, 17 Nov 2014 02:01:07 +0000

In reply to How To Save Money. Great! Please do - it def. helps me keep the bigger picture in perspective, that's for sure.

By: J. Money

J. Money — Mon, 17 Nov 2014 01:59:57 +0000

In reply to Dividend Mantra. I always remember that post you did on how you were wealthier when you were a baby at some point, haha... Always interesting to compare stages of our lives like that :)

By: Kayla @ Femme Frugality

Kayla @ Femme Frugality — Fri, 14 Nov 2014 15:36:59 +0000

Great job! Love how you break it down so we can see how you are building your net worth. Thanks!

By: D$

D$ — Fri, 14 Nov 2014 14:56:26 +0000

Why not refi that mortgage down again into a 15-year conventional – you could lock in 3.25% easily and save almost $6k a year in interest? Even if the refi could a couple $$ upfront – the pay back period is well worth it…

By: Joe

Joe — Thu, 13 Nov 2014 19:23:07 +0000

Looking good man. Great idea tracking the kids’ net worth. We should do the same. All his net worth is in his 529 so it should be easy enough. I’m still not comfortable sharing our number with the public…

By: Jay @ ThinkingWealthy.com

Jay @ ThinkingWealthy.com — Thu, 13 Nov 2014 02:47:07 +0000

In reply to J. Money.

Just a heads up, PV, RATE, and PMT are two other functions that do exactly what you think they do. Trade out the variable in the same formula.

“How much do I need to save per period at a given interest rate to reach $1 million”

Glad you asked, PMT will tell you!

Jay

By: How To Save Money

How To Save Money — Wed, 12 Nov 2014 09:24:43 +0000

Hi! I saw your template and I use a similar one except I don’t have the part on net worth. Thinking about incorporating it soon. Thanks for sharing!

By: Dividend Mantra

Dividend Mantra — Wed, 12 Nov 2014 03:38:56 +0000

J$,

Awesome update. Love that you’re tracking your children’s net worth separately like that. How awesome that they’re already off to a great start like that? They have a larger net worth right now than I did at 27 years old! :)

Looks like you guys won’t even have to contribute that much more going forward to give them a solid college fund after you factor in compounding.

Best regards!