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December 2025 net worth update
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 »
226613
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January 1st, 2026 at 01:30 am 1767231023
What business did you start? How are your kids?
January 1st, 2026 at 05:51 pm 1767289867
January 1st, 2026 at 07:50 pm 1767297017
Hi Frugal!! We're a two person business that does mainly writing, editing and proofreading. AS also does coaching/consulting and public speaking type stuff. We started in mid 2023 when I was laid off and AS had been freelancing for about 6 months after leaving her full time job. So 2024 was our first full year of it and this past year was our second. We've increased our profit every year so far, and we're hoping to get it even farther this year (while trying not to get burnout). We have an ambitious income target but are optimistic.
The kids are doing pretty great! Our younger has some health problems that are chronic but not TOO serious, but is getting straight A's and has lots of fun activities: choir, roller derby and overnight camps. Our older one is a typical teenager, kinda lazy and wrapped up in her own little world, but she's a sweetheart and gets good grades and has gotten into the tech dept of her high school theater program. We feel lucky to have such great kids!