Welcome back to another net worth update! I’m a couple weeks late this month, but I won’t make this a habit.
October was another great month! I’ve been focusing a lot on jiu-jitsu lately and I think I’m getting a little healthier from training regularly.
We didn’t have any major expenses come up and the stock market continued to rise, so our net worth climbed a good bit. I can’t believe it’s already time to start focusing on Christmas shopping!
I’m currently reading a book called Getting Things Done. The name pretty much sums up what the book is about. It teaches you how to come up with a system for getting everything you need to get done out of your head and into some kind of external storage device so you don’t have to rely on memory.
If I can get some momentum with this system, I think it’s going to help me be a lot more productive and take the stress of feeling like I’m always behind on things away. I’ll keep you posted on how this works out!
Our income and spending has been pretty consistent for the past couple of months! I’m sure our expenses will go up some for the rest of the year with the holidays, but hopefully so will our income (particularly with eBay).
I want to challenge myself to start earning a net profit of $1,000 a month from eBay. I’m really close and I think with a little extra work I can get there.
I had a little income hit my bank account from blogging in October. Most of it was from a couple of people signing up with Personal Capital using my links a couple months ago. It’s a great way for me to earn a little money as you don’t have to spend any money to sign up and it’s a great financial tool!
At this point, I’ve stopped paying attention to the market except for when I’m doing the numbers for these reports. They keep saying we’re going to hit a recession any time now, but the market just keeps rising.
Obviously, we are going to hit a recession at some point since we always do, but it’s fun to see the numbers continue to rise each month in the meantime! At this rate, I should reach $20,000 in my 401k by 2020.
I’m thinking about starting a retirement account for my business income since the profits are just sitting in savings accounts right now. If I can start moving some money each month from my business profits into the stock market, it should grow a lot over the years.
The longer your money is invested, the more it should earn! So I need to get on the ball with this.
Credit Card Points
- Points earned in October = 4,572
- Total point balance = 73,781
I haven’t signed up for any new credit cards lately. I got my wife a card with no annual fees so she could start building credit without being an authorized user on my account. Hopefully, she’ll qualify for the Chase cards soon and we can start signing up for those again.
Net worth tracking
Want to start tracking your net worth? Sign up for a free Personal Capital account and get started today! I love Personal Capital because it allows you to connect all of your financial accounts and track your net worth in one place. It’s super easy to use.
I would suggest adding your house through Zillow if you own a home so you can see as close of a full picture of your net worth as possible.
Nathan created Millionaire Dojo to document his journey to reaching a million dollar net worth and inspire others to follow the same path. Go here to read how he intends to become a millionaire and reach financial independence. If you’d like to contact Nathan, you can do so here.