Welcome back to the monthly net worth update series. December wasn’t such a great month. We spent $978.15 on Christmas and the stock market continued to drop. With that being said, we were still able to save a little money and my eBay business continued to crank out a decent amount of profit.
I’m not worried about the stock market dropping and it’s actually a good thing for me at this point. When the market drops, shares are cheaper which means I’m buying stocks on discount with the money I continue to invest each month. If we didn’t have to buy so many Christmas gifts, we would’ve actually seen an increase in our net worth even though our investments went down.
- Started the month with a net worth of $95,766.93
- Job income = $3,101.20
- eBay income = $526.64
- Wife’s income = $400.00
- Credit card cashback = $0.00 Currently accumulating travel points.
- Additional income = $150.00 – Gifts.
- Antique Booth income = $180.00
- Total net income = $3,831.20
- Total expenses = $3,709.67
- Total saved = $121.53
- Total investment gains/losses = – $802.42
What our net worth consists of:
- Investments = $31,031.35 (all in Vanguard funds.)
- Investment breakdown:
- My 401k = $3,973.31
- My Roth IRA = $12,310.06
- Wife’s IRA = $14,747.98
- Cars = $23,000
- Home equity = $17,134.84 (I’m calculating this as if we could sell our house for $110,000.00 and subtracting 10% for seller fees. Then subtracting what we owe – $81,865.16)
- Everything we own that could be sold = $15,000
- Emergency fund = $8,295.71 (Currently in a Betterment 60% stock 40% bonds account.)
- Cash = $1,691.68
- Balances on credit cards = $-922.66 (This is today’s balance and will be paid off in full by the due date.)
- Total net worth as of today’s calculations = $95,230.92
- Total net worth increase/decrease = $-536.01
If you’d like to start tracking your net worth, sign up for a free Personal Capital account! 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.
Nathan created Millionaire Dojo to document his journey to reaching a million dollar net worth so that others may be inspired to follow the same path. He and his wife reached a net worth of one hundred thousand by the age of 25 and has been featured on Business Insider. His blog focuses on practical advice that can be implemented immediately in the form of saving money, earning more, and investing to create passive income.