This was a pretty average month for my net worth. Any month that it increases is a good month to me. Obviously, some months are better than others but you definitely won’t hear me complaining with any positive month. Interestingly, I found my net worth from July 2016 and it was $59,566. So, my net worth has almost doubled in one year. Pretty cool, I’d love to see my net worth double by this time next year too!
For those wondering, I use Personal Capital to help track my net worth and I highly recommend giving it a shot (it’s completely free). You can link all your accounts and it does all the work for you. It also gives you access to a bunch of really cool tools, like the investment checkup tool.
My home value stayed the same at $100,000.
My truck value actually increased from $6,394 to $6,762. +368
The only reason I can come up with for this increase is because it is getting closer to the winter months and people will be looking for four wheel drive vehicles.
Robinhood account increased from $39,431 to $40,429. +$998
Roth IRA increased from $14,162 to $14,428. +$266
457b increased from $5,526 to $6,006. +$480
NYS retirement account increased from $3,422 to $3,507. +$85
My cash decreased from $7,388 to $6,616.
Total assets increased from $176,323 to $177,748. +$1,425
My mortgage decreased from $59,452 to $59,296.
My net worth heading into July is $118,452 up from $116,871 last month! This was a $1,581 increase or a 1.35% increase. This was a pretty average month for me. Nothing too spectacular but it’s still moving in the right direction.
I think it’s important to track my age and where I fall percentage wise in my age group as well. I just turned 24 years old and my net worth puts me in the 96th percentile. Also, here’s the link that I use to calculate that.
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