Net Worth Update March 2016

Greetings!  Here is our net worth update as of the start of business March 1, 2016. It’s late and I am not sure what happened to my resolution of posting weekly. Sigh.

We made some big changes in February.  Can you spot the changes?

net worth grid march 2016 messy money

*Does not include autos, recreational vehicles, pension (!), our freezer stockpile, education savings etc. 

You can find my net worth and a gaggle of other bloggers over at the Rock Star Finance Ultimate List.  

We have reshuffled a few things and assumed more RISK. Please remember this is not financial advice. There is a reason this blog is called Messy Money.

The Serenity Fund

As you can see we reallocated most of our serenity fund (aka – emergency fund) to our retirement savings.  I add to this account every month and it should be at $10,000 by the end of the year.  What happens if we have an emergency? Good question. We will have to get creative.

Retirement Savings

Big bump here, up 91K.  Where did all the money come from? Well, a portion came from the aforementioned Serenity Fund.  The balance came from…. drum roll please… our Mortgage/HELOC.  Gasp! $60,000 dollars transferred in less than a minute. Still shocked that my husband would agree to this – but he did. Why did we do it?

  • The markets have cooled off a bit but the economy continues to chug along so it seemed like a good time. Yes, timing the stock market can be a fools game but we are game. (or fools?)
  • Our mortgage rate is lower than the expected return from the market. We should come out ahead – in theory.
  • We have put together a plan to pay the funds back in less than 2 years.
  • We can live with the worst case scenario. The doomsday scenario would have us both losing our jobs or becoming unable to work + housing and stock markets melting down simultaneously + the bank “calling” our HELOC. Sounds like fun, doesn’t it? It’s ok if we die though. We have plenty of life insurance. The kids will be fine.

The House

I have not increased the listed value of our house. I think I have it slightly undervalued based on real estate agent feedback – but leaving as is for now. We might sell it a year from now and downsize or we might live in it forever. I don’t have the energy to think about it at the moment.

Everything is Still Broken

Last month, I wrote about how everything we own is broken. That is still very much the case but we are working on it. Sadly, the week after I made the jumbo transfer from our HELOC – the brake pad on my car broke and our roof started to leak. Murphy’s Law in action!

The Pursuit of Frugal

I feel like we have fallen off the frugal bandwagon. Christmas was a spending bonanza leading to a January credit card bill hang-over. We have a number of big-ticket items to pay for this year (new roof perhaps?) and my son has asked to attend a course this summer that will cost at least $2,000.

As if that wasn’t enough, I decided to rescue a dog. It happened a little more quickly than I thought so I didn’t have time to shop around for supplies.  Full retail pet supplies + vet + other fees = $1,000.  Worth it?  A full resounding – YES! Best medicine for my recent high blood pressure and heart arrhythmia. By the way, if you have followed my hypochondriac heart drama – the doctor says I am going to live – if my job doesn’t kill me.

The Job

My job is being re-evaluated by the company. There have been hints that it will be graded at a more senior level and potentially result a salary increase. Good news?  I guess, but it also means that I have been overworked and underpaid for two years now.  How I long for F.I.!!! Only 6.3 to 11.31 years away now!

Thanks for visiting and tolerating my sporadic posting schedule.

6 Comments


  1. Am I reading this correctly, you pulled $60k from your HELOC and put it into stocks? It’s risky, but also a great way to buy stocks in market downturns. If this is what you’re doing I like it. I think it only makes sense for diligent savers who dedicate themselves to paying off the HELOC. Then its wash, rinse, and repeat all the way to retirement.
    Investment Hunting recently posted…Good Reads – SXSW Special EditionMy Profile

    Reply

    1. Sorry for the late reply. I just read your about me page – Fascinating story! I look forward to following along.
      Yes, we raided the Heloc to add to portfolio. A bit like pulling on bamboo shoots to make them grow faster.

      Reply


  2. Thanks for the giggles May! I love how you can find the funny in finances. Best wishes for a smooth and easy admittance to the Millionaire’s Club! Save me a seat! 🙂

    Reply

    1. Thank Kay. Maybe I should have called this blog “laughing at myself” – I will save you a seat for sure. Just gotta get there first/ 2 years maybe? Hope things are going well.

      Reply

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