Net Worth Update – March 2017
Day after day, week after week, month after month, our net worth keeps changing. It’s still continuing to go up, but I have to wonder if we may be in for some pretty good dips with all the things going on in the world. I’m totally fine with a good dip as that just means I get to buy our stocks/funds at a cheaper price. Since we’ve got a few more years ahead of us, I’d actually rather see a 25% dip and then have it slowly recover over the next 5 plus years. Of course, I don’t get to choose what happens so we’ll just keep doing what we’re doing.
As of March 27th, our net worth has climbed to $1,369,581. That’s actually lower than it was last month due to the stock market but it’s still significantly higher than our January number. I’m starting to think more and more about quitting my job as soon as my daughter gets out of high school. We currently have around $65,000 in her 529 education account and I think we’ll have somewhere around $90,000 by the time she heads to college. While that might not cover the entire amount, we’ve told her she should expect to work a bit while in college and also pursue as many scholarships as she can.
As we get closer and closer to the day we can walk away, I’ve been thinking a lot about what we’ll do with our time. The current plan is that we’ll sell our primary house and walk away with somewhere around $250K in equity to invest and then move out to our vacation house (that’s paid for) and live there for about 8-9 months of the year. We’ll spend the other 3+ months of winter down in Arizona or California. We’d like to find an inexpensive place in a 55+ community but unfortunately they don’t want us around since we’ll only be around 50-51. I guess that’s one of the drawbacks to retiring early. We don’t get discounts on our meals and we can’t live in the cheaper 55+ communities. Oh well, I’m sure we’ll be able to find somewhere to stay in Arizona during the winter. It’s a good problem to have.