This was a pretty solid month for my net worth. I’ve said before that any month that this number moves in a positive direction can be considered a good month to me. Ideally, I would like to see growth of 2.5%+ per month.
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 $6,762 to $7,295. +533
The only reason I can come up with for my trucks value 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 $40,429 to $41,618. +$1,189
Roth IRA decreased from $14,428 to $14,329. –$99
457b increased from $6,006 to $6,541. +$535
NYS retirement account increased from $3,507 to $3,595. +$88
My cash increased from $6,616 to $7,731.
Total assets increased from $177,748 to $180,749. +$3,001
My mortgage decreased from $59,296 to $59,150.
My net worth heading into July is $121,599 up from $118,452 last month! This was a $3,147 increase or a 2.66% increase. Not a bad month!
Brightpeak Financial has a pretty cool (and free) 7 day $500 savings challenge, where they will send you tips and advice, if you’re interested in that click here!
My year over year net worth increased by 94.17%! That is, $62,626 last August to $121,599 this August. I can only hope to see this kind of growth by this time next year.
I recently found all my old net worth data dating back to January 2016. As you can see by the chart, I was spotty in recording it. I’ve found that tracking my net worth motivates me even further to increase it. So, I will continue to do so and track the results. Again, I encourage everyone to track their net worth and Personal Capital is a great tool to help you do so.
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.
This post may contain affiliate links.