Assets and Liabilities buckets

Here are the details behind what goes into our Assets and Liabilities columns.


Retirement buckets

  • 401(k) accounts

– We both have 401(k) accounts at our respective jobs, with all of our old accounts from previous jobs rolled over into our current accounts – this is, by far, the heaviest bucket
– W has a Roth 401(k) at work [very small component, not contributing anymore]

  • Roth IRA

– We both have individual Roth IRA accounts with Vanguard
– M has a Roth IRA account with CapitalOneInvesting Charles Schwab (a mix of individual stocks and Schwab ETFs – no new inflow of money). Surprisingly, the Schwab ETFs actually have lower expense ratios than Vanguard!

*A note about why fund a Roth IRA – The Madfientist has a detailed article on why traditional IRA is better than Roth IRA. We agree. The reason we still fund a Roth IRA is because we are currently under the income limits where we can contribute to Roth IRA. In a few years our MAGI (Modified Gross Adjust Income) will cross this level. We will stop funding the Roth IRAs at that point.

  • Pension

– M has a fully vested pension from current employer [small component in the overall scheme of things]

529 college account
We have a 529 college account with Utah Educational Savings Plan, for our child. We also have different accounts for our nieces and nephews but those are not included in our assets column.

Bank accounts 
Pretty self explanatory. Only checking and savings accounts. We do not currently have any CDs.

Investments bucket

  • Individual taxable brokerage accounts with

– Vanguard – Main taxable brokerage accounts consisting of ETFs
– Computershare – Mainly “playing around” money. Computershare offers DRIP in major companies, a lot of them with no fee on buying.
Fidelity – Necessitated by employer RSU
Loyal3. – A commission free online brokerage platform, which also allows ordinary investors to take part in IPOs.
Update 5/31/2017: Loyal3 closed down and moved all accounts to FolioFirst. FolioFirst also offers commission free trades, on a larger number of stocks. They charge $5 monthly maintenance fee which is waived till August. We’ll see what we do.
Update 4/16/2018: Closed down FolioFirst and invested the proceedings in the taxable Vanguard a/c

  • HSA account

– W has a HSA account through work. We don’t technically use this as an investment account, as in we fund this monthly and take money out as and when we need it for medical expenses.

A bunch of Treasury bonds given as present from grandparents. We let them go till final maturity.

Our primary residence. The valuation of $300k is from 2015 when we refinanced. We know there has been appreciation but we don’t factor that in.
* A note on why we include the value of our home in assets as this is a point of contention in the PF blogging community. The reason for us is simple: because we include the outstanding mortgage in our debts assessment. The mortgage doesn’t exist in a vacuum. The home, and consequently the value of the home, prop up the mortgage. We’ll take the house off our Asset column when the mortgage is fully paid off. 

Note: We don’t count our cars as assets. The value of cars depreciate over time, thus making them not suitable for this category. If they were primarily used for business purposes then a case could be made, but they are our personal vehicles.



30-year fixed at 3.875% (~$238k on Feb 28, 2017 $223k on Apr 16, 2018)

Car loan
5-year fixed at 0.9% (~$21k on Feb 28, 2017 $16.5k on Apr 16, 2018)

Student loans
Earnest loan at 3.25% ($14k on Apr 16, 2018)
Government loan at 6.21% (~12k on Feb 28, 2017)
Private loan at 4.99% (~15k on Feb 28, 2017)

NoteWe have never, ever, carried any credit card debts. We use our cards for any and all purchase, for any amount, where ever they are accepted without any additional fee, and we pay off the full balance every month.


That’s it. Those are all our assets and liabilities. To get Net Worth, subtract the total Liabilities from total Assets.

What is this NetWorth blog?

After being inspired by MrMoneyMustacheJLCollins, and MadFientist for a number of years, we decided to create this space where we put up our net worth every month.

Who are we?
We are a mid-30s couple, with a pre-schooler (as of Feb 27, 2017), living the American dream. Both of us work. Details about us are intentionally vague since we are baring all our financial details on the web, we need an extra level of anonymity to shield ourselves from the bad guys. Or the real life friend who can identify us through the details strewn around here!

Our combined annual gross salary is ~$200k.

We will refer to us as M and W.

Why this blog?
Two reasons:
1. To publicly, though anonymously, document what we are doing, all the while spurring us to save faster; and
2. By showing it to the world, inspire others that it can be done

What is Net Worth?
If you add up all your assets (bank accounts, retirement accounts, CDs, investments in the stock market, real estate investments, treasury bonds, HSA, 529 accounts etc.) and then subtract any and all outstanding loans and debts you have (car loans, mortgage, tuition loans, credit card debts etc.) the answer is your net worth.

Why is Net Worth important?
Net Worth gives you the single most reliable number where you are at the moment. Or how far you’ve come. Or where you need to be. To be Financially Independent and/or Retired Early (FIRE).

What is our goal?
To be FIRE by year 2023. That would mean all of our expenses at that point will have to come from our investments.

We will post our net worth, and the month-over-month changes, at the end of every month. We will also post yearly reviews. Besides Net Worth updates, we will also post our thoughts on variety of personal/general finance which we believe will help us and our readers.