Wow. That just happened! Somehow it's been two months since I did a review and the whole Coach World went crazy! Here's a quick recap of the last two months:
1. We bought and sold a house! NBD! We moved to USC two weeks ago after six intense weeks of negotiating, estimating, planning and waiting. It was a long road, but we made it through unscathed.
2. I completed a whole High School Football Season. The Prof hasn't killed me for not being around 8 days out of the week.
3. Our Baby Boy has grown like a weed! He's almost 9 months old, 23 lbs and fun as heck.
Cash - $25,795 ($8,523)
Investments - $115,593 ($1,302)
Home Value - $336,000 ($169,000)
Personal Assets - $48,399 ($-3,462)
Less: Liabilities - $337,346 ($160,229)
Assets -
1. We bought and sold a house! NBD! We moved to USC two weeks ago after six intense weeks of negotiating, estimating, planning and waiting. It was a long road, but we made it through unscathed.
2. I completed a whole High School Football Season. The Prof hasn't killed me for not being around 8 days out of the week.
3. Our Baby Boy has grown like a weed! He's almost 9 months old, 23 lbs and fun as heck.
Here's to the Numbers!!
Cash - $25,795 ($8,523)
Investments - $115,593 ($1,302)
Home Value - $336,000 ($169,000)
Personal Assets - $48,399 ($-3,462)
Less: Liabilities - $337,346 ($160,229)
Assets -
Cash - Obviously, with the sale and close of houses, we saw significant cash movement the past two months. The total cash received from the sale of our old house was $76,055.81 after all costs considered. We paid $87,319.54 for our new house. So, for the exchange of homes we paid $11,263.73 out of cash. In October, we've also received $959.75 related to the closing reimbursements and insurance exchange (we changed insurance companies). In Sept., we closed an investment for $5,534 - also being an increase to cash.
Investments -As noted above, we closed one investment for the home buying process. Otherwise, the markets were able to grow and make up that outflow (I know I lose opportunity for growth). We also received a nice 529 increase for our Baby Boy.
Personal Assets -
Obviously, the value of our home went up significantly. I'm using the sale price of the home vs. Zillow estimate because Zillow was very wrong on our house. The car value went down more than expected, but I can't complain about that ever.
Acura Loan - $17,438. Same as above. Going to get aggressive.
Liabilities -
Mortgage - $292,800 - Well, the old number is gone and it has been replaced by a monster! I'm not thrilled by this new value....not one bit. However, (allow me to rationalize real quick) we got a deal on the home and our interest rate is still decent with no points or anything.
Student Loans - $27,102- We made good progress here. After the close, I used some excess cash to double up one a payment. Prof and I have made this a priority the next two years as we don't want multiple kids with these hanging around our necks.
Mortgage - $292,800 - Well, the old number is gone and it has been replaced by a monster! I'm not thrilled by this new value....not one bit. However, (allow me to rationalize real quick) we got a deal on the home and our interest rate is still decent with no points or anything.
Student Loans - $27,102- We made good progress here. After the close, I used some excess cash to double up one a payment. Prof and I have made this a priority the next two years as we don't want multiple kids with these hanging around our necks.
Acura Loan - $17,438. Same as above. Going to get aggressive.
Total Joint Net Worth - $218,441. I should wait two months all the time! A $15k (or 7%) jump since August 2013. Close to our year-end goal of $224k! The whole process of buying/selling a home was a whirlwind and something that I do not want to do again! My stress levels were through the roof! Right now, its time to concentrate on my family, friends and career.
Before I do - I'm going to one last stupid thing before turning 30. Mud On the Mountain at Seven Springs tomorrow! 7.5 mile run with 24 obstacles scattered throughout the mountain. It will be muddy, it will be exhausting and the Prof will be right that I am stupid. And I CAN'T WAIT. I don't get to push myself athletically or physically too often (or ever) anymore. Work piles up and my football days are long gone. Before I turn 30 and the best (physically) days are behind me - I figured I would this challenge. Nervous but exciting.
Before I do - I'm going to one last stupid thing before turning 30. Mud On the Mountain at Seven Springs tomorrow! 7.5 mile run with 24 obstacles scattered throughout the mountain. It will be muddy, it will be exhausting and the Prof will be right that I am stupid. And I CAN'T WAIT. I don't get to push myself athletically or physically too often (or ever) anymore. Work piles up and my football days are long gone. Before I turn 30 and the best (physically) days are behind me - I figured I would this challenge. Nervous but exciting.
