Live Off Dividends

Passive Income and Personal Finance

Net Worth Update: April 2017

I have been tracking my net worth for awhile now but this is my first post sharing it. It’s gone up quite a bit since I began tracking it and since I don’t have the previous months post to refer to I’ll go back to when I first started tracking it. The oldest log I have of my net worth is from January 2016 and it was $45,312. I’m happy at the progress I’ve made so far and I hope to keep up the pace!

Age

I think it’s important to track my age and where I fall percentage wise in my age group as well. I’m currently 23 years old and my net worth puts me in the 96th percentile.

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My cash is low right now, too low. I don’t usually have two vehicles but I couldn’t pass up the deal I got on my truck. So I’m waiting to sell my car and when that happens I’ll have a bigger cash supply.

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The only liability that I have currently is my multi-family home that I owner occupy.

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My net worth starting May is $109,673! I’m very happy with this number. I’m 1/10th of a millionaire! Lol. I’m excited to start sharing these posts and tracking the growth on a monthly basis.

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6 Comments

  1. Awesome job!

    Tracking it keeps you focused on your end goal. Which also keeps you motivated.

    Where did you find the percentile for your age?

  2. Brandon Willis

    May 13, 2017 at 2:06 pm

    Hey, can I ask how you got started? I’m doing a lot of reading and observing right now, and trying to be smart about my investments, but there’s a lot of things I have yet to know. I don’t exactly understand what index funds are or mutual funds are. Do you know of any YouTube playlist or something that can be an introduction to financial literacy or something?

    Thank you for your time to read this regardless of your response. You’ve done a great job building up assets and minimizing your liabilities. Most people can’t do that. Congrats.

    • Thank you. Honestly I just did a ton of research online and read lots of books on the subject. My favorite book so far has been The Intelligent Investor by Benjamin Graham.

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