Monday, June 4, 2018

Net Worth Update - MAY 2018 - $23,562 (+$1,449)


Here are my May numbers:


Month:
April
May
change
ASSETS



Checking Account
$500
$500
0
Emergency Fund
$2,300
$6,800
$4,500
TD Ameritrade Account
$1,805
$1,194
-$611
Simple IRA
$5,285
$5,431
+$146
401(k)
$1,723
$2,437
+$714
Land Cruiser
$3,000
0
-$3,000
BMW
$3,000
$3,000
0
T100
$2,000
$2,000
0
GMC Pickup
$1,500
0
-$1,500
Corolla
$1,000
$1,000
0
4Runner

$1,200
+$1,200
Total Assets
$22,113
$23,562
+$1,449
LIABILITIES



Bank Visa
0
0
0
Total Liabilities
0
0
0
Net Worth
$22,113
$23,562
+$1,449

Checking Account:  This account, for the most part will remain around $500, after everything hits.

Emergency Fund:  +$4,500  I sold a couple cars, sold some stock, and added my regular payroll additions.  I also pulled some to buy the 4Runner and then a little more after I found an engine.

TD Ameritrade Account:  -$611  I didn’t make any purchases in May and I sold off everything except my position in Ford.

Simple IRA:  +$146 – No more payroll additions here as we switched to a 401(k) plan.  The market went up a little.

401(k):  +$714 – Payroll additions plus Company Match plus minimal growth.

Cars:  -$3300  My son came down at the beginning of May to exchange Blue (the GMC truck) for the Toyota Corolla I picked up last month.  I offered Blue to my brother for $800, but he passed on it so I put it up on Craigslist for $1500 and accepted $1200 for it.  I also put the BMW and Landcruiser up for sale this month on Craigslist and Facebook Marketplace.  Interestingly, they got way more attention from FB Marketplace (AND WAY LESS SPAM).  My plan was to keep the T100 and buy a Toyota 4Runner once the others sold.  Well, a 4Runner popped up about mid-May with a blown motor so I picked it up for $700.  I can sell it for $1200 as is, so that’s what its value is above.  Once I get the motor installed and it’s on the road, I’ll bump the value up to around 3k-3.5k.  I sold the Landcruiser on the 29th for $2,600, which I’m pleased about since it was getting cranky and running like poop lately.  The guy who purchased it plans on going through the engine to make it more reliable and building an overland vehicle (think off-road adventure and camping).  The BMW is still on the market and if it sells soon, I’ll have to get my butt in gear and get a motor put in the 4Runner.  I don’t like only having one vehicle, especially since they are older cars.

Bank Visa:   – Done, Debt Free

Overall – I made some drastic changes in May and my overall change still falls close to my average of +$1,800 per month so I’m still doing OK.

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