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Investing Stocks Bonds
in Assets, Blog, Bonds, Cash, Debt, Investing, Net Worth, Reports, Stocks, Wealth

Past Month’s Happenings

This January report should get some more depth than I was able to afford over the past couple of months, especially since I was trying to bust the previous reports out. The house purchase went smoothly in November, and we began to modify and improve (in our opinion) on the house in December through to late January. Here are some pictures to show you how things look now after we have modified and worked on the house to make it our own!

Office DIY First Home First House

That Learning Guy’s Liar!

Kitchen Update DIY

The kitchen. We got rid of the tangerine and replaced it with a gray-blue color (with a name that sounds very soothing).

Kitchen DIY

The front of the kitchen facing outside! A beautiful dining room table will go here very soon.

Living Room Update DIY

The pièce de résistance! Old fireplace on left, new, white-washed fireplace on right.

Living Room DIY First Home

Living room before and after!

How about that fireplace? That Learning Gal did work, am I right? That thing just ties the whole room together.

We also did a ton to other rooms in the house. We repainted every single room to a more neutral color, we installed new hardware (toilet paper holders, towel racks, towel hooks, etc.) in both of the bathrooms, and we installed a new toilet in the master bathroom! We had the service door in the garage replaced because there was a giant (unneeded) doggy door in the old one, in addition to wood boring insect damage in the trim around it. We hung curtain rods in the living room, installed a carbon monoxide detector, replaced all light switch plates and outlet covers with stainless steel, and more!

Needless to say, the house is awesome and we are loving it. It’s becoming more and more ours every day. It had taken up a majority of our time over the last couple of months (and I have been taking a Project Management Professional certification course two nights a week). So, I hope to be back here full force starting now! Now, without further adieu, let’s bust this report out.

The Report

DebtAmount ($, USD)Percentage Change From Last Month (%)Investments/Cash/Assets Amount ($, USD)Percentage Change From Last Month (%)
Student Loans41,494.85-4.43401k/IRAs11,343.078.18
Credit Card00Money10,500.97-18.18
Auto Loan8779.1-1.79Vehicles73290
Mortgage156,750.000Equity13,250.000
Total207,023.95-1.00Total42,423.04-3.36

The following are areas of note for January:

Debt

Things stayed the course for the most part in January. Student loan debt continued to decrease, and we made no payments on our mortgage (the first one will be in February)! Watch for February to be a stellar month for debt slashing!

Investments/Cash/Assets

This is the area where we saw some interesting things happen. We saw a pretty sizable increase in the amount in our 401k’s. It increased by over 8%, which is always great! The stock market is loving a theoretical Trumpian Presidency (expected deregulation, expected business friendly climate, etc.).

However, we did have a big decrease, and that was in our cash monies. Due to spending lots on the house, our cash position decreased by over 18%! That is not fun, but in the intervening months, after things settle down with the house, we plan on surging our emergency fund to $15k-$20k to shore up our position of expenses saved-up to six months, or thereabouts.

Wrap-Up

So, through all of this, our Net Worth stands at -$164,600.91. We have a long way to go before we are back in the black, but I’m not too worried about it.

Although I’m a firm believer of there being no such thing as “good” debt, a majority of that debt we do have is for an asset, the house. Due to this reason, a lot of people tend not to include a home or mortgage debt as part of their net worth calculations.

However, if I don’t, I feel like I am being just a little bit dishonest. Plus it shows the challenge we have in front of us, and after all, who doesn’t like a good challenge?

As always, let’s talk about our investing and debt in the comments! Was there any kind of big change for your net worth in January? Let’s discuss!

-That Learning Guy




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