Net Worth Update #9 – July 2017

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At the start of each month I share my net worth publicly because I want readers to be able to track my financial journey from the very start all the way to financial independence. I first started tracking my net worth in August of 2016 and have been posting monthly updates ever since.

Here are my numbers for July 2017:

Money Market Funds
Ally Savings Account $2,550  (+$1,501)
Checking Account $1,057    (+$779)
Total Money Market $3,607   (+$2,280)
   
Tax Advantaged Accounts
Vanguard Traditional IRA $3,731   (-$85)
Vanguard Roth IRA $4,523   (+$322)
Fidelity 401(k) $14,729   (+$1,575)
Total Tax Advantaged $22,983  (+$1,812)
   
Non-Tax Advantaged Accounts
Vanguard Brokerage Account $16,421    (+$661)
Total Non-Tax Advantaged $16,421    (+$661)
   
Net Worth $43,011  (+$4,753)

Progress

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

NW July 17


From June to July my net worth increased by $4,753!

This was just another ordinary month of saving a huge chunk of my paycheck from my 9-5 in addition to earning over $1,000 in tutoring statistics on the side. 

I 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 also dumped some new money into my brokerage account specifically in VYM, the Vanguard High Dividend Yield ETF.

My end goal with all these monthly net worth updates is simple: Many years from now when someone asks me how I quit the rat race decades before my peers I can just point them to these monthly net worth updates and say “Nothing fancy. Just hard work and a high savings rate. That’s it.”

That’s really what my financial journey has been up to this point: find a 9-5 job that pays an above-average salary (data analytics) and save a huge portion of each paycheck, then side hustle (statistics tutoring) whenever I can to earn even more money. I’m a firm believer in the idea that anyone can spend just a few years in their 20’s grinding and building up a stash of money in order to live the next 60 years however they want in complete control of their time. 

In other news, I found out yesterday that I landed a new data analytics job in Ohio which I’ll be starting later this month! It sounds ridiculous, but part of me is happy I got the position because it means I’ll finally be moving out of my parents house and getting my first taste of tracking expenses, potentially riding a bike to work, living like a minimalist, and all other sorts of first time experiences which I’m excited to share and blog about extensively. 

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 🙂


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12 Replies to “Net Worth Update #9 – July 2017”

  1. I’m so excited for you!! I still remember the day my friend picked me up to move cross country. A feeling of completed exhilaration with a touch of anxiety knowing I had no job at the other end of the move. Your method will work so much better than mine!! 😅 Congratulations and I’m looking forward to reading about this new adventure!!

    1. Thanks Miss Mazuma!! I’m excited too, it’s definitely the start of a new chapter. Cheers to you for taking that leap of faith…I don’t think I could have done the same thing if I were in your shoes haha but obviously it all worked out fine for you in the end 🙂

  2. Congrats for your progress! And as a parent of three kids of your generation I also congratulate your parents. I am sure they were happy to have you stay with them but nothing makes you feel like you actually did a decent job raising kids like seeing them leave home permanently and live adult lives of their own! As you detailed there are a lot of things you don’t learn about until you live by yourself and they are great life skills to gain.

    1. Thank you!! You nailed it on the head – my parents have been happy that I have been able to live at home a little longer than most and spend a few extra years with me, but it’s definitely time to branch out and have some of my own experiences out there in the world. I’m excited to share my journey moving forward. Thanks for the congratulations 🙂

  3. Congratulations on the new job and another month of amazing net worth progress!

    Wonderful that you’ll be able to hit the ground running when you move to Ohio.

    Can’t wait to read about your continuing journey.

    Definitely let us know if you have any questions about bike commuting. :o)

    1. Thanks Mrs. Grumby! I’m excited for the new job and apartment and of course the chance to document all my pitfalls, shortcoming, and first time experiences with all sorts of stuff. It’s definitely the start of a new chapter. It looks like I’ll be living 11 miles from my work, so it might not be reasonable to commute that far but I may test it out…either way I’ll be sure to let you guys know if I have any bike questions 🙂

  4. Congratulations on the new job. I sure wish I had discovered the idea of FI when I was first out of college 7ish years ago. I love bloggers who share net worth! I may have to start one of my own to have some people to hold me accountable!

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