At the start of each month I share my net worth. The reason I do this is because when I first discovered the concept of F.I. I found it inspiring to read about the path actual financial bloggers took to achieve F.I. It’s nice to actually see what the real numbers look like behind a financial journey, so I hope it’s beneficial for readers to see my raw financial journey as well and be able to track my progress month by month.
I first started tracking my net worth in August of 2016 and have been posting monthly updates ever since. Here are my numbers for June 2017:
|Money Market Funds|
|Savings Account||$1,049 (-$3,619)|
|Checking Account||$278 (+$28)|
|Total Money Market||$1,327 (-$3,591)|
|Tax Advantaged Accounts|
|Traditional IRA||$3,816 (+$29)|
|Roth IRA||$4,201 (-$176)|
|Total Tax Advantaged||$21,171 (+$1,413)|
|Non-Tax Advantaged Accounts|
|Brokerage Account||$15,760 (+$8,963)|
|Total Non-Tax Advantaged||$15,760 (+$8,963)|
|Net Worth||$38,258 (+$6,785)|
Here’s a look at my net worth progression since I started tracking it back in August of 2016:
From May to June my net worth increased by $6,785!
From the chart you can see that on average my net worth has been climbing by around $4,000 each month. The reason for the big jump this month was because I received a $3,000 tuition reimbursement from my employer during May when I graduated college.
I ended up throwing most of this extra money into VYM, my beloved Vanguard High Dividend Yield ETF in my brokerage account. In addition, I had about $3,000 in the stock trading platform Loyal3 that I transferred into my brokerage account as well after Loyal3 shut down. This explains the massive leap in the numbers of my brokerage account.
I also continued to funnel money into my 401(k) account, which consists of a simple 80/20 split between an entire-market stock index fund and an entire-market bond index fund. I’m currently on track to contribute the maximum of $18,000 to my 401(k) over the course of this year. My employer also matches up to 6% of my contributions, which is a fantastic added bonus.
In other news, I’m currently interviewing with a company in Ohio for a new job which means I’ll most likely be moving out of my parents house and finding my own place to live, which will inevitably inspire some new types of blog posts (my housing situation, monthly expenses, my first attempt at minimalist living, etc.) so stay tuned for that excitement!
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 firstname.lastname@example.org, I’m more than happy to talk finance with anyone.
That’s all for this month’s net worth update, thanks for reading 🙂
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