A funny thing happened on the way to writing this post. I was searching for an appropriate image to go along with this month's net worth update. My choices on Amazon came down to this book, which actually looks pretty good from the reviews, or the Net Worth Cock Ring Thong
The major change I made in the past month was to halve my 401k contributions. I did this for 2 reasons: 1) Increase liquidity as it is becoming increasingly apparent the firm I work for is going to be sold leaving me potentially jobless sometime in the next year, and 2) even if I don't lose my job, the way our plan's participants contribute will likely cause us to fail the ADP/ACP tests again this year meaning I'll be forced to take money out in 2012 that I put in during 2011. I'd rather not go through that hassle again so I changed my contributions such that I'll contribute about $13.5k instead of $16.5k. I wish I were maxing it out, but times are less certain than I would like so proper risk adjustments must be taken. Hopefully, this adjustment will help me reach my savings goal of $40k.
Year-to-date net worth numbers have shown an average monthly increase of 2.48% (excluding real estate). At this rate, and assuming my home holds it's current value, I'll hit my other savings target of $1M in about 5 years. That's nice, but so far in the future it's impossible to conceive. Additionally, I would anticipate a declining growth rate over time due to the increased base size so my guess is that it'll take a bit longer than that. More data points will help as will Monte Carlo simulation which I get to learn in a couple of weeks through my job! Yippee!
Nothing really to report in the table below.
Net Worth July 2011
| ASSETS | This Yr. | vs. Last Mth. | ||
|---|---|---|---|---|
| Real Estate | ||||
| My Home (Zillow) | $361,000 | -6% | 1% | |
| Savings | ||||
| All Accounts | $30,983 | -21% | -3% | |
| Retirement | ||||
| All Accounts | $232,065 | 14% | 3% | |
| Investments | ||||
| 529 Plan | $12,576 | 27% | 2% | |
| Brokerage | $5,139 | 4% | 1% | |
| Total Assets | $632,172 | 1% | 1% | |
| LIABILITIES | ||||
| Credit Cards* | ||||
| All Accounts | $5,085 | |||
| Student Loans | ||||
| All Accounts (1.5% and 2.5%) | $65,475 | -6% | -1% | |
| Mortgage Loans | ||||
| My Home (4.3875%; 30 yr fixed) | $298,416 | -1% | 0% | |
| Total Liabilities | $368,976 | -3% | -1% | |
| NET WORTH | $272,787 | 7.3% | 5% |
* Credit cards paid in full every month every time.