First of all, you’re having another baby — congrats! We do have a lot to catch up on, obviously! But I will never catch you in terms of babies. We got the buy-one-get-one-free deal with twins and that’s plenty for us.
I have some stories to tell you about flying across the country with 2 crazy boys and a cat. And buying a car online. And a thousand different moving expenses. These will need to wait as I get back in the blogging groove. I should be able to start writing more again now that we’ve moved.
It’s time for the monthly money check.
Overall, I’m happy with August. A net worth gain of $19,530 in a month is nothing to sneeze at. We are currently ahead of the pace (to reach my goal of $1MM at age 45) by $26,735.
August was a good month mostly because we got paid 3 times. And we had a nice vacation at the beach. September will be interesting, and expensive, because of moving expenses, which I will detail soon. But I’ve got a nice buffer to work with.
Here are some highlights by category.
Cash: $15,832, decrease of $6,384
- We bought a car! Online. Through Carvana. It was so easy. I’ll never go to a lot again.
- The car purchase is net worth neutral because I’ll be adding back the car value under investments.
Debt: -$9,400, paid off $200
- Nothing to see here. I’m waiting until we get settled in the US to decide whether to aggressively pay this or roll it to another 0% offer.
Investments: $230,919, increase of $16,815
- As mentioned, the only real change here is the value of our new (used) car. We’re drawing down some alternative investments simply because they aren’t very tax efficient. The LLC value isn’t updated monthly.
Retirement: $419,354, increase of $8,899
- I’m maxing out my retirement accounts.
NET WORTH CHECK
Here’s a chart showing my progress for the full 2 years we lived overseas. The blue line shows actual results, while the red line shows the pace required to meet my goal.
I like that.
In 2 years, we were able to increase our family net worth by 44%, more than $200,000. This without a strict budget or a high allocation in stocks.
I have no idea how the next year will go. Back in the US, we have a huge rent expense (around $48,000 per year). However, we won’t be paying for preschool (which was $30,000 per year), so I’m optimistic we can at least maintain the pace for my goal.