3 min read
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 a blogger’s net worth journey, so I hope readers find value in following mine. I shared my first net worth update back in November 2016 and have been sharing monthly updates ever since.
Here are my numbers for November 2018:
|Money Market Funds|
|Savings Account||$8,822 (-$8,994)|
|Checking Account||$740 (-$1,527)|
|Total Money Market||$9,562 (-$10,521)|
|Tax Advantaged Accounts|
|Traditional IRA||$3,620 (-$277)|
|Roth IRA||$4,649 (-$352)|
|Total Tax Advantaged||$39,595 (-$3,261)|
|Non-Tax Advantaged Accounts|
|Brokerage Account||$60,422 (+$12,238)|
|Republic Private Investment||$550 (+$0)|
|Total Non-Tax Advantaged||$62,113 (+$12,078)|
|Net Worth||$111,270 (-$704)|
Here’s a look at my net worth progression since I started personally tracking it back in August of 2016:
From October to November my net worth decreased by $704, which is the first month that I’ve experienced a net worth drop since I started tracking it over two years ago.
The reason for the drop is pretty obvious: most of my portfolio is invested in stock index funds and the stock market completely flopped this past month:
Despite the terrible stock market performance, I’m not too disappointed because I experienced one of my highest income months ever in October, which helped offset the market drop.
Although I track my net worth, I’m more concerned with tracking my savings rate each month since that metric is entirely within my control.
As I mentioned in a post earlier this week, my net worth can fluctuate quite a bit from month to month since most of my savings are invested in equities. And since I can’t control how the market performs, it’s possible for me to have a fantastic month of earning and saving, yet still experience a net worth drop like I did this month.
It’s perfectly normal for the market to dip from time to time, which is why I’m not panicking and selling out of my stocks now or any time soon. In fact, I plunged over $10,000 into more shares of VTI (Vanguard total stock market ETF) over the past few weeks, which is why my brokerage account balance actually increased significantly this month.
I also own around $10,000 of VDC (Vanguard Consumer Staples ETF), my favorite market sector, which actually increased this past month, so my brokerage account didn’t get completely slaughtered by stock market losses.
I also like to keep things in perspective. Even though my net worth was flat this month, I’ve still experienced significant growth over the past two years:
November 2016 net worth: $9k
November 2017 net worth: $60k
November 2018 net worth: $111k
Looking forward, my financial strategy is dead simple: continue to earn income from my 9-5 job, dividends, and blogging, then funnel at least 60% of those earnings into the stock market or my savings account. Nothing too fancy.
That’s all for this month’s update, thanks for reading 🙂
My favorite free financial tool I’ve been using since 2015 to manage my net worth is Personal Capital. Each month I use their free Investment Checkup tool and Retirement Planner to track my investments and ensure that I’m on the fast track to financial freedom.
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.