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2017 year-end net worth update

December 29th, 2017 at 04:56 pm

We won't see any more movement on our assets or debt for the year, so I thought I'd total up our net worth a little early.

Assets:
NT's UK pensions:
AV: 17,967 pounds ($22,459)
SW: 26,544 pounds ($33,180)
FL: 6,462 pounds ($8,078)
NT's 401(k): $61,822
NT's Roth IRA: $25,618
AS's trad. IRA: $19,105
AS's Roth IRA: $44,800
AS's SEP IRA: $22,231
CJ's 401(k): $123,753
CJ's Roth IRA: $29,728
NT's flat: $212,500 (200,000 pounds value x1.25 -15%)
CJ/NT/AS house: $427,281 ($454,554 value -6%)
---
TOTAL ASSETS: $1,030,555

US Mortgage $391,847
Loan from friends (duplex) $9,000
UK Mortgage 1 $33,571
UK Mortgage 2 $7,076
UK Mortgage 3 $7,453
---
TOTAL DEBT $448,947


Current Estimated Net Worth: $581,608

November 2017 estimate: $569,850

Change in net worth: +$11,758

Summary: Another big leap! Were it not for devaluing our US duplex earlier in the year, we would have blown past our $600K net worth goal for the year. We didn't make it, but I'm happy with where we are. I have a feeling we now undervalue our duplex, but better that than the alternative. If I get anything I feel is definitive proof, I'll updated our home value next year.

Compared with the end of 2016, here's how our net worth numbers fared in 2017:
Total Assets:
2016 $992,419
2017 $1,030,555
Change $38,136

Total Debt:
2016 $460,445
2017 $448,947
Change $11,498

Net Worth:
2016 $531,974
2017 $581,608
Change $49,634

Notes on the numbers above: House value estimates are approximate. (I do have my eye on a comparable listing for the UK flat, but it's been on the market a long time.) UK pension values updated about once a year. UK asset values and debt amounts are calculated figuring $1.25 for every British pound.

1 Responses to “2017 year-end net worth update”

  1. rob62521 Says:

    Good work on upping your net worth while whittling away your debt. That has to be a great feeling!

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