Net Worth Update 31: Now We Wait

The roller coaster that is 2020 kept trucking through June. Each day stranger and nuttier than the one preceding it. In last month’s update we were rehabbing the heck out of our old house to try to list it for sale. Did we get it listed?

As always, you can check the latest and greatest info on the Track Our Progress page.

First, the numbers:

Net Worth:

• End of June Balance: $620,605 up $32,521 (5.53%)
• Year to Date (YTD): Up $55,063
• Since January 2018 (this is when I started tracking our net worth): Up $315,605

Portfolio:

• End of June Balance: $436,812 Up 26,573 (2.52%)
• YTD: Up $21,574 (8.19%)
• Since January 2018: Up $196,812

A big caveat to the jump in our net worth is that Zillow, which Personal Capital references for real estate values, drastically jumped up the valuation on our old house to match our listing price. While, we think we did a good job on the rehab, I am not sure we created that much sweat equity. I guess the market will tell us…

Monthly Contributions: $4,894

We skipped our June Roth contribution again (3rd month in a row now) while we pour money into our old house to get it on the market.

June Highlights

Listed at Last!

As of June 22nd we finally got the old house listed, thus culminating a hard charging 2.5 month rehab. We actually had a couple days off this past weekend for the first time since the end of March and I have to say, it felt good… and weird… like “shouldn’t I be doing something?”

Here are a couple photos comparing the during to the after condition.

Anyways, the house has been on the market for a little over a week. Lots of showings thus far, but no offers yet. Fingers crossed.

Coming Up in July

Return to Normalcy?

Last month we were set that we would not be taking our kids to day care and summer camp. So obviously, this week we started taking our kids to summer camp and day care.

If I was a politician I would be a flip flopper. Our current decision came down from the belief that our kids greatly need some time with other kids and we need some piece of mind to keep from going insane. The work from home with kids at home balance couldn’t continue much longer.

We are continuing to monitor the COVID situation (which still doesn’t look great), and will make adjustments as needed.

Back to Saving?

With the renovation costs covered and mostly paid for, I am hoping we can get back to saving some money again. We need to rebuild our emergency fund and get back to our Roth contribution strategy. With another mortgage payment incoming for the old house (not covered by rent) and another furlough week for my wife around the corner, it seems daunting.

The Great Outdoors

The Heartland on FIRE household is planning our first camping trip in July. I am very excited and I think our kids are as well. We are looking forward to breaking out of our rut and changing up the scenery.

The Waiting Game

Now that the house is listed, we are sitting and waiting for an offer to roll it. The suspense of waiting is driving us nuts. Since we don’t have the home renovation work taking up every free minute, we now have time to (over)think about it. Here’s hoping to a quick sale!

Thanks for reading and stay safe out there!