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 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.
- Student Loans – 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 – Aided by the stock market our 401K balances are up nicely. We also bumped up our contributions significantly in 2016 and it will definitely show next year.
- Roth IRAs – 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 it’s helping us drop that balance faster.
Not much to complain about this quarter 🙂
- Car decreasing – No surprise here
- Mortgage balance Increased – 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.
I am going to use the Quarterly Report to give some updates on the state of Apathy Ends
- Fincon! Hotel is booked – looking forward to seeing some of you next year!
- Seeking out guest posts – I haven’t had many guest posts lately, please reach out if you are interested!
- Traffic – 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- 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 – As of writing this my Alexa ranking is 280,845 – 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:
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 – 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.