This was a huge month for my net worth. I got paid three times in June so this helped quite a bit. Unfortunately, next month will be an expensive month for me with the pending real estate purchases, but it will be worth it in the long run.
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 decreased from $6,591 to $6,394.
My Robinhood account increased from $38,127 to $39,431.
My Roth IRA increased from $14,013 to $14,162.
My 457b increased from $5,083 to $5,526.
My NYS retirement account is currently at $3,422.
My cash increased from $6,233 to $7,388.
My total assets increased from $170,047 to $176,323.
My mortgage decreased from $59,599 to $59,452. I managed to pay a little extra on my mortgage this month.
My net worth heading into July is $116,871 up from $110,448 last month! This was a $6,423 increase or a 5.81% increase. This was a huge increase for me, I expected a large increase in June but I definitely didn’t expect an increase this large. I learned recently that I can transfer my NYS retirement to an IRA, under certain criteria of course, but nonetheless I will now be including this account in my net worth.
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. Here’s the link that I use to calculate that as well.
This post may contain affiliate links.