This was an incredible month for my net worth. Actually, the best month I’ve ever had. The large increase is due to the recently acquired rental properties. They’re worth much more than we paid for them. I’m really excited to see where this goes this year. I’d love to see it surpass $200,000 this year.
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 basically 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 increased to $105,000. I’m confident I could get more than $105,000 for this house but, I try to value everything conservatively. +$5,000
My truck value decreased from $7,147 to $6,137. -$1,010
Robinhood account increased from $49,700 to $51,998. +$2,298
Roth IRA increased from $15,434 to $15,984. +$550
457b increased from $8,710 to $9,571. +$861
My cash increased from $9,829 to $2981. -$6,848
North Rental is valued at $100,000
East Rental is valued at $100,000
South Rental is valued at $80,000
Total: $281,700/2 = $140,850
Total assets increased from $194,720 to $332,521. +$137,801
My mortgage decreased from $58,649 to $58,501.
North Rental $80,000
East Rental $80,000
South Rental $50,000
Total: $210,000/2 = $105,000
Total liabilities increased from $58,501 to $163,499 +$104,998
My net worth heading into February is $169,022 up from $136,219 last month! This was a 24.08% increase! This was one of my best months since I’ve began tracking.
The chart above shows my net worth month to month starting from January 2016. You’ll notice there are some missing months, those are all months that I failed to track. It’s interesting that my net worth remained relatively flat in 2016 until the end of the year, but in 2017 I had steady growth from the time which I diligently began tracking.
The chart above shows my net worth’s year over year growth. I hope to see steady growth continuing 2018.
My year over year net worth increased by 110.87%! That is a $88,869 gain from January 2017 to January 2018. I’ve come a long way since January 2016 and I can only hope to keep up this pace.
I have 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. Since I’ve began tracking my net worth again I haven’t had a single month where it has went down. Again, I can’t stress enough how valuable it is to track your net worth and Personal Capital is a great tool to help you do so.
Here are the rest of my monthly net worth updates if you want to check them out!
I think it’s important to track my age and where I fall percentage wise in my age group as well. I’m 24 years old and my net worth puts me in the 97th percentile. I finally managed to break into the 97th percentile! That’s a pretty awesome achievement to me. It looks like I’ll be able to break into the 98th percentile before I turn 25! Also, here’s the link that I use to calculate that.
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