Not the best month for my net worth but it went up and that’s enough to keep me happy. My net worth is very much dependent on what the market is doing so a good month for the market means a good month for my net worth. My high savings rate helps to counter act bad months for the market.
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 $7,463 to $7,261. -202
Robinhood account increased from $44,181 to $44,747. +$566
Roth IRA increased from $14,780 to $14,986. +206
457b increased from $7,122 to $7,652. +$530
NYS retirement account increased from $3,595 to $3,683. +$88
My cash decreased from $8,899 to $8,799.
Total assets increased from $186,128 to $187,128. +$1,000
My mortgage decreased from $59,003 to $58,855.
My net worth heading into November is $128,273 up from $127,125 last month! This was a $1,148 increase or a 0.90% increase.
My year over year net worth increased by 105.31%! That is, $62,476 last October to $128,273 this October. 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. Since I’ve began tracking my net worth again I haven’t had a single month where it has went down. Again, I encourage everyone to track their 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 just turned 24 years old and my net worth puts me in the 96th percentile. I was playing around with the calculator and it looks like I should be able to break into the 97th percentile before I turn 25! That’s pretty cool to me, though once I do turn 25 I enter the 25-29 age group and I drop way down. Also, here’s the link that I use to calculate that.
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