Turning Action into Results: Q4 Net Worth Update

By | 2017-01-02

Welcome to 2017 everyone – hope you rung the new year in with style. I fell asleep at 11:30 and Mrs AE scared me at midnight when she shouted Happy New Year! Apparently I am an old man already and don’t think its necessary to see the ball drop. I heard they have a show for kids that celebrates earlier in the night. Might have to check that out next year.

If you read my previous post (2016 Goals), you know we hit the majority of our 2016 Financial Goals and you can see a direct correlation in our Net Worth. I am happy to say that our Action has turned into results and 2016 was the best year we have ever had financially.

For anyone that has not seen this done before, I hold myself accountable by posting my net worth progress for everyone to see. I firmly believe there is more value in setting and tracking goals, but like to check in quarterly.

Lets take a look at the numbers!

Net Worth Breakdown:

Another great jump in Q4, moving up just under 14%. Since the end of Q1 our Net worth is up 50% – wish I would have started tracking this sooner.

I went back and started tracking our cash/investment balances as I think it is important to filter our our home/car values for planning. Glad to see those increasing on a regular basis. As our investment balances grow the market will start to dictate these quarterly reports.

Good

  • Student Loans –ย Another huge drop in my student loan debt. I have a variable interest rate that has been rising steadily over the last 6 months. It is still significantly lower than my pre-refi rate, but I still don’t like paying extra. Been throwing more at that debt than we normally do in case the rise continues. Total principal drop for the year is $18,689.9.
  • 401Ks –ย Aided by the stock market our 401K balances are up nicely. We also bumped up our contributions significantly in 2016 and it will definetely show next year.
  • Roth IRAs –ย We were able to sell a good chunk of company stock for a great profit and roll it into our Roth IRAs. We will be close to maxing them out by the end of March for this tax year.
  • Emergency Fund – Fully stocked! I have moved the extra $125 paycheck deduction to my student loans. Not sure if I will keep doing that, but its helping us drop that balance faster.

Bad

Not much to complain about this quarter ๐Ÿ™‚

  • Car decreasing –ย No surprise here
  • Mortgage balance Increased –ย We rolled the cost of our refinance into the loan so our balance technically went up. But we dropped our interest rate by 1.5% so it was well worth the temporary spike.

Blog Updates

I am going to use the Quarterly Report to give some updates on the state of Apathy Ends

  • Fincon!ย Hotel is booked – looking forward to seeing some of you next year!
  • Seeking out guest postsย โ€“ I haven’t had many guest posts lately, please reach out if you are interested!
  • Traffic –ย Been stable. Had a really weird lull in Pinterest traffic last month, but it has rebounded for the most part. I have been slacking a bit lately and need to get it together in 2017.
  • New Theme Coming-ย Purchased a new theme and am trying to find a day to make the switch over. Excited to give it a try, little nervous about the amount of work.
  • Alexa Ranking โ€“ย As of writing this my Alexa ranking is 280,845 โ€“ I don’t know if this is a huge deal or not. I was as low as 250,000 and have dropped from there.

How was your Q4? Hope everyone had an amazing holiday season!

Some products that can help you:

Disclosure Policy

Personal Capital: Personal Capital has a ton of great Free features, you can track your spending, net worth and even analyze your portfolio. It has top notch security and I am able to connect all of my accounts. Saves a ton of time!

Sofi โ€“ I saved a ton of money using SoFI for a Student Loan Refinance. They were great to work with, the process was super easy (compared to my previous refi) and I got a great rate. If you have student loans be sure to check them out.

32 thoughts on “Turning Action into Results: Q4 Net Worth Update

  1. [email protected]

    Looks like you had a great Q4! Way to go on those student loans. And adding a bit to the mortgage for longer-term savings can be a good strategy. I did the same thing when I refinanced 3 1/2 years ago into a 15 year mortgage, and it’s more than paid for itself in interest savings.

    Reply
    1. Apathy Ends Post author

      Thanks Liz!

      Really excited to see that SL balance dropping, going to free up a lot of cash every month.

      Reply
    1. Apathy Ends Post author

      haha! Thanks Thias – the old person club has a new member

      Reply
  2. F
    Full Time Finance

    That’s some great progress on the student loan. For New Years we actually made it to midnight for the first time in about 5 yrs. It took watching the ball drop at my sister in laws house to make it, so we kind of cheated.

    Reply
    1. Apathy Ends Post author

      Thanks FTF!

      It was the first new years day I haven’t been hung over on in awhile if that is any consolation.

      Reply
  3. Amanda @ centsiblyrich

    Awesome progress! You’ve really done a number on those student loans this year! We rolled the cost of our mortgage refi into the balance too…with the low rate it made sense.

    Looking forward to following your journey in 2017! Happy New Year, old man! ๐Ÿ˜‰

    Reply
    1. Apathy Ends Post author

      Thanks Amanda!

      Trying to put that huge financial mistake behind me! Looking forward to 2017! WHOOOOP

      Reply
  4. Penny @ She Picks Up Pennies

    Woohoo! You’ve made amazing progress. Still not pulling the trigger on a refi. Currently enjoying the flexibility of our 30 year, but it’s probably a perfect example of me making a mess of things ๐Ÿ˜‰ Can’t wait to see where the blog takes you.

    Oh, and the *only* reason I stayed awake was because my 6yo nephew challenged me. It was his first year staying up!

    Reply
    1. Apathy Ends Post author

      Maybe I need a challenge next year. Or maybe I need to find a party and not be home by 10:30

      Thanks Penny!

      Reply
  5. TJ

    Looks like a solid year of progress, AE!

    FYI, your 4th column says Q3 not Q4.

    I don’t think I even made it to East Coast Midnight on New Years Eve.

    Reply
    1. Apathy Ends Post author

      haha – that is pretty early for you West Coasters!

      Thanks for letting me know

      Reply
  6. FinanceSuperhero

    Congrats all around, AE! If you’re slacking, then I think we might need to create a new word in 2017 to describe my December blog progress, err… or lack-thereof. That 50% jump is pretty inspiring!

    Reply
    1. Apathy Ends Post author

      Thanks Mr Superhero. The 50% wont last as our net worth rises but I will take it while I can get it

      Reply
  7. Mrs. BITA

    Oh that is a very pretty NW bump. Yay 2016! No pressure 2017, but you have some pretty big shoes to fill. A new theme eh? You are a braver person than I. Just the idea of all the work involved to get a new theme in place is enough to ruin my month. I love writing, but I really don’t enjoy all the rest of the blog backend work. Ugh.

    Happy New Year!

    Reply
    1. Apathy Ends Post author

      I hope the theme transfer goes smoothly. Will have to set aside a day to try it out.

      Thanks for the comment!

      Reply
  8. Investment Hunting

    Great update. Your investment account growth over the past year is very impressive. Good job booking your Fincon trip. I’ve been thinking of attending too. I’m sure the connections you make will be beneficial for you and your blog. Best of luck in 2017.

    Reply
  9. Smart Money MD

    Great job knocking down that student loan this year! Looking forward to seeing how you are able to max out the 401k for the new year!

    Reply
  10. Mr. RIP

    Nice numbers, congrats ๐Ÿ™‚

    P.S. I see an error on your NW screenshot: you repeated Q3-16 on the Q4 column.

    Reply
    1. Apathy Ends Post author

      Thanks Mr RIP – I need to update that!

      Reply
  11. Sanjib Kumar Saha

    This was an inspiring post, seeing the way you calculated and broke down your net worth in such an organized manner. You really seem to have a good Q4. It is great to learn that your actions paid off so well and gave such positive results. I will surely try to follow your mantra when it comes to making and determining my net worth for the next quarter.

    Reply
    1. Apathy Ends Post author

      Thank you – Let me know how it goes!

      Reply
  12. [email protected]

    Great job in 2016! We’re looking to refinance the mortgage on our rental property this year. I just read over your post about it and was interested to see that you found the best option with the credit union. We are members of a credit union, so I guess it would definitely be worth it to check out what they can offer us.

    Reply
    1. Apathy Ends Post author

      Check it out for sure! I was surprised they had the best option.

      Reply
  13. Gary @ DebtFreeClimb

    Congrats on a solid year AE! Great job on the Student Loans and fully funding your EF. I’m currently looking forward to fully funding my EF in by Q2 2017 then Max Roth IRA by Q3, we will see!

    Enjoying your Net Worth reports! Thanks for the motivation!

    Reply
  14. Zed

    Awesome work! Love to see folks in similar financial mindsets, and points of wealth accumulation.

    2017 is the year to KNOCK OUT THOSE STUDENT LOANS!!! (It’s a great feeling!)

    Reply
  15. Miss Mazuma

    Haha – I was sleeping by midnight also!!

    Looks like you had a great year!! Your student loans are almost gone, man…what an accomplishment! Looking forward to meeting you at FinCon this year. ๐Ÿ™‚ Good luck with your 2017 goals and Happy New Year!!

    Reply
  16. Joe

    Wow, what a great year for you. The new worth gain is awesome. Enjoy it because it’s going to be hard to match as you get wealthier. Good luck in 2017!

    Reply
    1. Apathy Ends Post author

      Thanks Joe! Definetely wont stay this high – but will take it for now!

      Reply
  17. Mrs. Groovy

    Net worth up, student loan debt down – congratulations on a super year. I’m excited to see what you do in 2017. And a belated happy new year to you!

    Reply
    1. Apathy Ends Post author

      Thanks Mrs. Groovy! Happy new year!

      Reply

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