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Net Worth 2-28-15

March 1st, 2015 at 12:26 pm

Cash is up. Smile
Debt is down. Smile
Investments are up. Smile
Home value estimate is up. Smile

11 Responses to “Net Worth 2-28-15”

  1. VS_ozgirl Says:


  2. snafu Says:

    random, unedited thoughts...
    Just because your Nest Egg projection is about $ 566, 600. age 65, it doesn't abruptly stop. You may not be adding contributions but whatever the allocation will continue to earn income and most likely replace withdraws. Retirees don't just remove their entire holdings in one sweep.

    How do you envision retirement? Will you stay in house or downsize to smaller accommodation? What activities will fill your day? Do you see yourself travelling to expensive/international/exotic locations? Would you move to wherever DKs settle? Will you maintain excellent health?

  3. Tabs Says:

    Nice month!

  4. John Says:

    New reader here. At what age did you begin investing? Keep it up!


  5. Petunia 100 Says:

    Hi John, I started investing in 1998, so I was 31. It was just $20 per paycheck for a long time. If I recall correctly, it took about 2.5 years to get to 1k. Smile

  6. John Says:

    That's great. I'm about that age now and recently started to really throw some money into stocks and 401k. It's always fun to compare, and get an idea of how long it took people to amass their wealth. I've never built up the courage to knock on random peoples' doors in affluent neighborhoods("rich neighborhoods") and ask how they got there. Was it luck, an inheritance, a good job, a business, investing?

  7. John Says:

    ^^^Those are all questions that I as myself when I drive through those parts of town...

  8. Andrea Says:

    I noticed that you have a car loan. Any reason for that? Since you're still in the asset accumulation phase, I would think twice about a 15k car loan. Instead of sending in car payments, you could be sending that money to your retirement account or taxable investment account.

    Did you ever think of getting a 3-4 year old car instead? I bet you could have found an inexpensive honda for under $5k-6k.


  9. Petunia 100 Says:

    Hi Andrea, yes that's true, I could have bought a less expensive car. But I chose to buy the car I did and I'm happy with it. Smile I have had very good results in the past by sticking with nearly new used cars.

  10. Andrea Says:

    For cars, I think it's always best to buy them cash. Sometimes financing takes away the perspective of how much you're actually spending. 15k is a lot of money to spend on a depreciating asset. By the time you're done with payments, it will be worth half what you spent...if you're lucky.

  11. Andrea Says:

    I also wanted to add that "whatever makes you happy" now, isn't always going to lead to a good decision in the long run. When I was in high school, I financed a brand new honda civic. That was a huge mistake, as I ended up moving out for college with a car payment. I soon found out that I could have been investing that money instead. After 5 years of sacrificing just to make the payments, the car was worth a third of what I financed. Investing it would have been a better decision, but it was a lesson learned.

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