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Archive for August, 2023

August 2023 net worth update

September 1st, 2023 at 12:19 am

Well, it was fun while it lasted! This month we lost roughly half of the giant net worth gain we had last month. I can't really complain too much since we haven't been putting away for retirement or paying down extra debt principal.

Our financial life feels like it's slowly getting on track; I have two steady clients for my freelance business, though I probably need one or two more to bring in the level of income I'm going to want once my severance runs out in the next few weeks. AS is starting a 3-month contract job next month that might turn into something longer term; if not, we're building an LLC together so she can go back to freelancing. She's been having fun doing consulting work for $125 an hour and is also making kits and ebooks of some of her presentations she's done over the years to try and sell those online as well. NT will up his hours at his part-time job next month, which won't be a huge bump because they're offering benefits so the hourly rate is going down a bit. But it's exciting to have a 401(k) again and we'll see if the health insurance is better than our Obamacare that I got after my layoff.

I had just started to build up our EF again but we had some discouraging bumps that will wipe it out again (and then some possibly): $500 car repair, $1300 ceiling repair, and we filed a claim with our insurance for hail damage on our rental property's roof, so we'll see what that costs us. Oh well, I'll try again next month with seeding our EF. At least we did have that money so these expenses won't be as much of a strain on our regular budget.

NT's UK pensions:      
AV1: 25,760 pounds (new number 22,000) $32,200    
SW: 31,522 pounds $39,403    
AV2: 7,401 pounds $9,251    
NT's trad. rollover IRA $108,264    
NT's Roth IRA $71,427    
NT's SEP IRA $6,128    
AS's trad. rollover IRA $27,155    
AS's Roth IRA $99,726    
AS's SEP IRA $74,509    
CJ's trad. rollover IRA $237,315    
CJ's Roth IRA $77,200    
CJ/NT/AS house ($630,000 value -6%) $592,200    
CJ/NT/AS rental property ($554,000 value -6%) $520,760    
TOTAL ASSETS $1,895,538 retirement only: $782,578
Main mortgage $345,707    
Rental property mortgage $386,876    
HELOC $33,000    
Loan from friends (main house) $9,000    
TOTAL DEBT $774,583    
Current Estimated Net Worth August 2023 $1,120,955    
July 2023 estimate: $1,133,060    
Change in net worth -$12,105