Monday, August 7, 2017

Our "Net Worth" - an Update (August/2017)

A Confused Old Grump

When we last posted our net worth about a year ago,  (http://owlsandcuckoos.blogspot.com/2016/07/our-net-worth-update.html), we had a cool half million, more or less.  Now that Grump recently got a bug up his butt and quit his job, (er, excuse me - "retired"), we figured it was a good time to update this figure.

Between now and then lots has happened, mostly bad.

The sole good news is that, until last week, Grump was still employed, and bringing home a paycheck.

The bad news, of course, begins with the fact that this employment is no more, so we will have to be finding other ways to support ourselves.  (Pulling up the pillows on the couch looking for loose change?)  But the real cruddy news had to do with an obscenely expensive, (over $8,000.00!!), vacation that Sweetie, Lola, and the boys took to the Philippines this past spring.  (Mindanao island specifically, just before martial law was declared there.  Ugh!)  Add to this the fact that we are paying to completely rebuild Sweetie's sister's house in her home village, (and this costs MUCH more than you would expect it to cost in such a poor part of a poor country), and you can imagine what a train wreck our finances, and thus net worth, should be.

Here is where it gets really weird.  Despite all this mess, would you believe our net worth actually INCREASED, to almost $580,000.00 ?

HUH??

I can't fully explain what is going on here, (grossly overpriced stock market?  basic arithmetic errors?  cosmic intervention?), but it does seem that despite our fiscal recklessness, we continue to get richer.

But we'll see how long this good fortune continues, now that Grump is unemployed!


1. ASSETS:  $700,000.00  

This is crazy.  Most of our assets are in stocks.  I believe that the stock market is in a huge bubble, and that once this bubble bursts the value of our assets will shrink down to reality.  But for the time being, it is what it is.

2. LIABILITIES:  $120,000.00

I'm actually proud of this number.  Yeah, we took money out of our savings to help pay this down from the $140,000 we owed a year ago, but still, reducing debt by $20,000/year is a good thing.  I hope we continue to chip away at our debt like this, rather than do stupid things like spending $8,000.00+ to fritter away a month in the Philippines.


$700,000 - $120,000  =  $580,000 , which is our new NET WORTH!


I'm as perplexed by this as anyone else.

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