Net Worth Update #19 – May 2018

NW May 18.JPG
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, which is why I hope readers can 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 May 2018:

Money Market Funds
Savings Account $11,896  (+$1,896)
Checking Account $1,260   (-$926)
Total Money Market $13,156  (+$970)
Tax Advantaged Accounts
Traditional IRA $3,811  (-$1)
Roth IRA $4,443  (+$37)
401(k) $28,516 (+$1,778)
Total Tax Advantaged $36,770  (+$1,814)
Non-Tax Advantaged Accounts
Brokerage Account $33,358  (+$2,098)
Cryptocurrencies $3,000      (+$935)
Republic Private Investment $550         (+$0)
Total Non-Tax Advantaged $37,084   (+$3,034)
Net Worth $87,010 (+$5,818)


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

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From April to May my net worth increased by $5,818!

This was one of my biggest month-over-month net worth increases ever for a few distinct reasons.

1. The stock market gained about 3% from the beginning of April to the end. Since most of my investments are in equities, this meant all of my accounts increased in value.


2. Cryptocurrency prices recovered in April. Most crypto prices are still way off their all-time highs, but my investments in bitcoin, litecoin, and ethereum all rose in value. This meant my total investment of $2,000 rose to $3,000 over the past 30 days.

Related: Why I Just Invested in Bitcoin and Ethereum


Crypto is by far my riskiest investment, which is why I have such a small portion of my net worth allocated to it. This is an asset class (if you can call it that) that I don’t plan on touching for many years. 

3. My income this past month was the highest ever. I shared in my Income & Expenses Update yesterday that I earned $6,362 in April, which was higher than normal mostly because my blog income jumped up to $1,120.

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Where Did My Earnings Go?

This month I invested $1,000 in VTI (Vanguard Total Stock Market) on two separate occasions when the market too a couple mini-nosedives. Outside of that, my 401(k) contributions from each paycheck were funneled into the S&P 500 index fund in my 401(k) account and the rest of my income got dumped into my Ally Savings account.

The Big Picture

Over the past 12 months I have been able to increase my net worth by about $60,000, which is pretty exciting. To anyone that asks what my “secrets” are to accumulating savings at such a fast pace, sadly I have to admit that I don’t have any.

To grow wealth, you simply need to spend a lot less than you earn and practice a little patience. Personally I do this through earning income from several sources (9-5 job, blogging, tutoring, dividends), living small, and recognizing that increased spending isn’t correlated with increased happiness.

Related: Buy Less Stuff. Buy More Assets.

Looking Forward

Looking forward, my financial strategy is dead simple: continue to earn income from my 9-5 job, dividends, stats tutoring, and blogging, then funnel 70 – 80% of those earnings into the stock market or my savings account. Nothing too fancy.

At my current rate, I should be able to cross the $100k net worth point around August this summer, assuming we don’t experience a stock market correction.

Thank you to everyone that has been following my financial journey up to this point. 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

Thanks for reading 🙂

My favorite free financial tool I use is Personal Capital. I use it to track my net worth, manage my spending, and keep an eye on my monthly cash flow. It only takes a few minutes to set up and it makes tracking your finances simple and easy. I recommend trying it out.

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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.

6 Replies to “Net Worth Update #19 – May 2018”

  1. Great progress, Zack – congrats.

    That 70-80% savings rate is impressive – you’re helping to keep Chipotle moving along nicely as well 🙂 . I’d probably do Subway every day if I could, but Mrs. BD would not like it.

    Congrats again; keep at it: Slow’n Steady, Gettin’ Dividend Heavy.
    – Mike

    1. Thanks, Mike! Sometimes I do think I’m the only person keeping Chipotle in business lol. Best of luck on your own financial / dividend investing journey. I like that phrase “Slow’n Steady, Gettin’ Dividend Heavy”

  2. I think I say this too much but the first $100k is the hardest. After that, the growth will be natural and things will glide up from there. Wait…didn’t you write a post on that? OK then you should know hahahaha.

  3. Great job, Zach! So young, so smart! I also read your post about your nightly journal for the prior year; what a treasure. You are laying a strong groundwork for exponential growth, both personal and financial.

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