Net Worth Update #14 – December 2017

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At the start of each month I share my net worth.

I have always found it motivational and just plain interesting to follow along with someone’s net worth journey, which is why I hope people can find some value in following along with my own journey. I shared my first net worth update back in November 2016 and have been sharing monthly updates ever since.

Here are my numbers for December 2017:

Money Market Funds
Savings Account $6,642  (+$1,920)
Checking Account $1,400   (+$105)
Total Money Market $8,042  (+$2,025)
Tax Advantaged Accounts
Traditional IRA $3,850  (+$12)
Roth IRA $4,709   (+$27)
401(k) $17,631  (+$540)
Total Tax Advantaged $30,642  (+$3,720)
Non-Tax Advantaged Accounts
Brokerage Account $29,885    (+$2,603)
Total Non-Tax Advantaged $29,885   (+$2,603)
   
Net Worth $68,569 (+$8,348)

Progress

Here’s a look at my net worth progression since I started personally tracking it back in August of 2016:

NW Dec 17.PNG


From November to December my net worth increased by $8,348, making this my biggest net worth jump ever in one month. As I mentioned in my November Income & Expenses Update, I received an extra paycheck along with some extra hours in November which explains most of the net worth increase.

Higher Income is Fueling my Net Worth Increase

As I’ve explained in multiple posts before, the secret to increasing net worth quickly when you’re young is through increasing income. My focus over the last year has been to raise my income as much as possible while keeping my expenses fairly low.

This time last year my typical monthly income was:

  • Day job: $3,000

Currently my typical monthly income looks like:

  • Day job: $4,500
  • Blog Income: $300 – $700
  • Dividend Income: $100

Through increasing my monthly income by over 50% and maintaining a low level of spending, the natural result is wealth accumulation. Living like a college student while earning a healthy salary is a straightforward path to wealth.

Some Thoughts on the Stock Market

The stock market has also been riding an impressive wave lately, which has helped most of my investments surge even higher in value. 

sp500_2017.PNG

The stock market in general has been a hot topic of conversation lately. Do I think it’s overvalued? Definitely. But does that mean we have an imminent crash coming? Not necessarily.

This bull market could go on for several more years. There could also be a correction within the next few months. It’s impossible to know.

I remember back in 2011, 2013, and 2015 when plenty of people were claiming prices could never go higher. Well, here we are at all time-highs. 

For people near the beginning of their net worth journey who are focused on wealth accumulation, it actually doesn’t matter what the market is doing right now. The most important thing young people can do is grow the gap between income and expenses, build up their savings and acquire marketable skills. If you do those things, financial success is nearly unavoidable.

Just remember: you can’t control the market, but you can control your savings rate.

Looking Forward

2017 has been a massive year for me, both in terms of financial and personal growth. My net worth has grown over $50,000 this year, my blog has been featured in some massive news syndicates, and I have learned many valuable lessons in philosophy, psychology, and work ethic.

Looking forward, I expect 2018 to be a year of even greater growth. With my current level of savings I should break the $100k net worth mark by next summer. My dividend income should continue to grow, and my blog will continue to be a place where I can share my thoughts on all things finance and my own personal journey.

To everyone that has been following my financial journey up to this point, thank you and I hope you keep checking in each month. If you have any questions for me or want to discuss your own financial journey feel free to shoot me an email at fourpillarfreedom@gmail.com.

That’s all for this month’s net worth update, thanks for reading 🙂


My favorite free financial tool I use is Personal Capital. I use it to track my net worth, manage my spending, and keep an eye on my monthly cash flow. It only takes a few minutes to set up and it makes tracking your finances simple and easy. I recommend trying it out.

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8 Replies to “Net Worth Update #14 – December 2017”

  1. I’m really envious of younger people like you who have complete handle of their finances at such an early age. When I was your age, I blew my earnings on tech gadgets and other useless stuff. Investing never crossed my mind until I turned 30. I predict that you’ll become a millionaire in less than 10 years.

    1. Thanks for the kind words, Menard! I consider myself very lucky to have stumbled upon the personal finance community while I was still in college. If I had been born 20 years earlier when the internet wasn’t as prevalent I’m sure I wouldn’t be in the position I am financially. We’ll see how your prediction holds up over the next decade haha – thanks again!

  2. Your savings and net worth growth rates are really, really awesome. We never came close to that, nor do we today. We’ve typically hovered around ~20-25% depending on where we lived. New York City can make one apartment poor in a hurry.

    Congrats again on your progress!

  3. You’re really killing it here as evidenced by that NW graph which has seen a huge increase in the past year! It’s awesome that you were able to bump up your income from the day job quite a bit too as that’ll certainly help going forward!

  4. Awesome job, Zach. At your age you are well on your way to financial freedom. I agree with your thoughts on how to get ahead…. keeping those expenses in line while your income grows will certainly supercharge your net worth. It’s terrific that you’ve already got 3 growing income streams, too.

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