Live Off Dividends

Passive Income and Personal Finance

Net Worth Update: June 2017 +$6,423

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.

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Personal

My home value stayed the same at $100,000.

My truck value decreased from $6,591 to $6,394.

Total: -$197

Investment Accounts

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.

Total: +$5,318

Cash

My cash increased from $6,233 to $7,388.

Total: +$1,155

Total

My total assets increased from $170,047 to $176,323.

liabilities

Mortgage

My mortgage decreased from $59,599 to $59,452. I managed to pay a little extra on my mortgage this month.

Total: -$147

net-worth

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.

Age

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.

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6 Comments

  1. Bravo!💸💰

  2. Wow, at 24 years you are doing exceedingly well! Congrats to your achievements, but mainly, CONGRATS!!! to your way of thinking and responsibility you take. It makes me happy to see this as there isn’t too many of your age being this great and thinking about their financial future. I bet with this approach you will be wealthy and financially free in no time. Congrats!

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