Starting Net Worth: $130,421
September was a busy month for us as we wrapped up everything needed to officially close on our new home. Even though the closing took place near the end of the month, we agreed in the purchase contract to let the previous owner stay for 30 days after closing. Because of that, life actually slowed down after such a big milestone since we still had an entire month before moving out of our duplex and into the new place. Instead of sitting idle, we focused on preparing our side of the duplex for future renters. Since the property had been a valuable source of income, it was important to make it attractive for the next tenants. We spent time fixing anything that needed repairs and making sure the yard looked well maintained, which helps protect the value of an investment property and ensures strong rental demand.
Even during a month full of activity, we stayed consistent with the foundational habits that matter most as we continued making our automatic retirement contributions and the market cooperated so our investments appreciated. On top of that, two major events impacted our net worth. The home appraised for slightly more than our purchase price, giving us a small boost and creating instant equity. On the flip side, we had to cover the down payment and closing costs which reduced our cash position even though those dollars were ultimately converted into home equity. Overall, our financial picture remained stable because our core habits were already in place. Automatic savings, long-term investing, and smart decision-making allowed us to navigate a major life change without sacrificing progress. Even when life feels chaotic, solid financial systems can keep you on track.
Ending Net Worth: $130,162
None of the above information is a recommendation. This blog is purely intended as commentary on things that have happened along our financial journey.