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Home > Archive: December, 2025
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Archive for December, 2025
December 31st, 2025 at 08:20 pm
Happy New Year, friends! As I wrap up 2025, I'm officially adding our HELOC debt to the spreadsheet. For the past two years I've been hoping it was a short-term loan that I could quickly pay back, but with where inflation is going, healthcare costs spiking, and me and AS still trying to build our business, I've had to acknowledge that this debt is gonna hang around a while longer. We borrowed about $10K in 2024 and $16K this year, so $26K total.
As a result of realizing all this accumulated debt, our net worth went down this month--but only by about $11K, because we paid down a bit of mortgage principal and added $13K to retirement values. So our end of year numbers are pretty nice: nearly $2.3M in assets, $1.1M of that in retirement accounts, the rest in real estate. $1.5M net worth. We started the year with $940K in retirement and $1.4M net worth, so at least our net worth increased a good amount despite the debt! We need $918K to be at Coast FIRE, so that means we have a $200K surplus in our retirement accounts. (And as a reminder, I don't factor Social Security benefits into our retirement assets at all.)
I'll try to write a wrapup of our 2025 finances and the year in general, but I'll probably wait til tomorrow when I officially close out the books on December.
| Assets |
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| NT's UK pensions: |
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| AV1: 29,509 pounds |
$36,886 |
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| SW: 41,722 pounds |
$52,153 |
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| AV2: 8,462 pounds |
$10,578 |
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| NT's trad. rollover IRA |
$157,923 |
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| NT's Roth IRA |
$105,403 |
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| NT's SEP IRA |
$9,117 |
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| NT's AAC acct |
$15,724 |
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| AS's trad. rollover IRA |
$39,396 |
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| AS's Roth IRA |
$149,583 |
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| AS's SEP IRA |
$106,144 |
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| AS's Nevada acct (approx amt) |
$380 |
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| CJ's trad. rollover IRA |
$331,545 |
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| CJ's Roth IRA |
$113,827 |
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| CJ/NT/AS house ($643,000 value -6%) |
$604,420 |
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| CJ/NT/AS rental property ($599,000 value -6%) |
$563,060 |
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| TOTAL ASSETS |
$2,296,138 |
retirement only: |
$1,128,658 |
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| Debt |
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| Main mortgage |
$320,108 |
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| Rental property mortgage |
$369,034 |
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| HELOC |
$26,000 |
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| Loan from friends (main house) |
$9,000 |
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| TOTAL DEBT |
$724,142 |
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| Current Estimated Net Worth December 2025 |
$1,571,996 |
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| November 2025 estimate: |
$1,582,873 |
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| Change in net worth |
-$10,877 |
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| COAST FIRE: |
https://walletburst.com/tools/coast-fire-calc/ |
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| retirement goal |
$1.59 million by 2039 (CJ age 65) |
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| Current age: 51 |
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| Retirement age: 65 |
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| Annual spending in retirement: $63,600 |
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| Monthly contribution: $250 |
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| Investment growth rate: 7% |
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| Inflation rate: 3% |
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| Withdrawal rate: 4% |
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| Current invested assets |
$1,128,658 |
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| Coast FIRE number at current age |
$918,185 |
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| Current status: at Coast FIRE with surplus: |
$210,473 |
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| Coast FIRE budget |
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| Ideal budget |
Monthly |
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| Housing |
$0 |
(rent will cover prop expenses) |
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| Healthcare |
$1,500 |
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| Groceries |
$1,000 |
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| Fun |
$1,500 |
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| Travel |
$1,000 |
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| Utilities |
$500 |
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| Giving |
$500 |
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| Home improvement |
$500 |
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| Gifts |
$250 |
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| Transportation |
$250 |
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| Monthly |
$7,000 |
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| Minus add'l rental income |
-$1,700 |
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| Total monthly |
$5,300 |
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| Annual |
$63,600 |
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| SSN estimates 2024 |
Start age 62 |
Start age 70 |
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| Monthly benefit |
$4,200 |
$7,200 |
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| Plus monthly from retirement |
$5,300 |
$5,300 |
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| Total monthly |
$9,500 |
$12,500 |
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Posted in
Tracking Net Worth
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3 Comments »
December 14th, 2025 at 06:40 pm
Well, I didn't do very well in the photo sharing challenge, but it was fun doing the few posts that I managed! It's been a crazy year; gonna try to remedy that in the new year, but who knows?
I'm very sad to report that one of our two cats, Whiskers (aka Whiskey), passed away last Tuesday. He had cancer that was diagnosed nearly a year before, plus a host of other medical conditions, so we're grateful to have gotten that amount of time with him. He was slowing down and we knew his health was failing, but we kept him around as long as he still seemed to be enjoying life. Even 24 hours before he went into distress, he climbed into my lap and snuggled comfortably, and gulped down his favorite treats after taking his pills that afternoon. But Tuesday morning he vomited, lost all strength, and was meowing at us in a different way than he ever had, so we took him to the ER. He had a number of things going on that we could've tried to address, but he'd clearly reached the point where he wouldn't be enjoying life anymore, so we made the decision to put him to sleep.
The only other living thing I've watched die was my mom almost exactly 3 years before. There were a lot of similiarites, and also this was much better than my mom's hard few days before she passed, so it brought up some other emotions that probably mixed in with the grief.
The house is very quiet, tidier, and a bit empty feeling. We're all still getting over it. He was a big character and super affectionate and naughty, and he required a fair bit of care during his final year, so our lives are pretty different now.
Posted in
Uncategorized
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9 Comments »
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