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Net Worth Report for December 2013

Net Worth Report for December 2013
Net Worth Report for December 2013: $345,207

After working non-stop last month, the pay check in December is very nice. I also receive about three weeks off including Christmas and New Year to be home with family.

With the extra cash we continue to pay down our mortgage. The projected last mortgage payment will be July 2018, provided that we still stay in the same house until then. We also furnished our master bedroom, guest bedroom and kitchen that cost us $5,400 total.

While the cash flow for this month has been good, we also accelerate the depreciation rate of our two vehicles that we bought brand new so that we don’t have to account for them much in our net worth picture in the future.

Looking back at 2013, this is the best year ever for us in term of net worth accumulation as the year-to-year increase from December 2012 to December 2013 is over $75,000. Our wish for this Christmas is to have 2014 as good as this year. I don’t know how long the boom will last, but the longer the better. After all, we need another 13.2 years before we reach Financial Independent threshold. Then we will be free from the “treadmill” once and for all.

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