Net Worth Update #20 – June 2018

NW June 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 June 2018:

Money Market Funds
Savings Account $13,122  (+$1,226)
Checking Account $1,022   (-$238)
Total Money Market $14,144  (+$988)
Tax Advantaged Accounts
Traditional IRA $3,847  (+$36)
Roth IRA $4,654  (+$211)
401(k) $30,665 (+$2,149)
Total Tax Advantaged $39,166  (+$2,396)
Non-Tax Advantaged Accounts
Brokerage Account $37,177  (+$3,643)
Cryptocurrencies $2,500      (-$500)
Republic Private Investment $550         (+$0)
Total Non-Tax Advantaged $40,227   (+$3,143)
Net Worth $93,537 (+$6,527)


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

NW June 18


From May to June my net worth increased by $6,527! This was a big month for a couple reasons.

1. The stock market increased in price by about 4% in May. Since most of my investments are in equities, this meant all of my accounts increased in value.


2. My income streams outside of my 9-5 job had another nice month. I shared in my Income & Expenses Update yesterday that I earned $957 through blogging, tutoring, dividends, and interest in May. Over the past three months I have consistently earned $700+ each month through income outside of my 9-5 job. This additional income along with stock market gains has really helped propel my net worth higher at a faster rate.

Where Did My Earnings Go?

This month I invested $1,000 in VTI (Vanguard Total Stock Market) as well as $2,000 in VDC (Vanguard Consumer Staples ETF). I’m a big fan of consumer staples stocks because they have historically been the highest-performing sector in the market and they tend to be less volatile than the market as a whole.

A couple years ago I picked up shares in Kroger and CVS, both individual companies in the consumer staples space, but I have since stopped picking individual stocks and instead allocate my investments into index funds.

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

Last June I had just over $38,000 in assets, which means my net worth has increased by $55,000 over the past 12 months. Almost all of this increase has been due to a good old-fashioned high savings rate.

Slowly but surely my investments are beginning to contribute more and more to my net worth growth each month. Stats tutoring, dividends, and blog income are also helping propel my net worth growth.

To anyone out there who also has a net worth under $100,000 and is looking to increase that number, I have some simple advice:

Buy Less Stuff. Buy More Assets.

Practice a little patience.

Recognize that net worth growth takes off after $100k.

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 try to funnel 70% or more of those earnings into the stock market or my savings account. Nothing too fancy.

There’s an outside shot that I could hit the $100k net worth mark by the start of July if the stock market has another positive month. Check in on July 1st for my next update 🙂

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.

17 Replies to “Net Worth Update #20 – June 2018”

  1. Nice work. Do you max out either IRA account? It feels as if it should be higher considering your savings rate over the years and the allowed annual maximum of $5500.

    1. Unfortunately since I file as single on my taxes, my annual income is too high for me to contribute to an IRA and receive a tax deduction. Otherwise I would contribute! So in terms of tax-advantaged accounts I just max out my 401(k).

  2. Honestly, you just can’t say it enough times, high savings rate contribute to the majority of your growth. Sure, invested savings is always the best strategy, but there is nothing to invest if you can’t save for it.

    Well done this month!

  3. What a wonderful graph, such growth and progress. I agree with half life theory, sometimes it doesn’t feel like much progress, specifically February of this year, and the overall growth has been wonderful for me also. It still amazes me what we can do when we put our minds to it.

    Congratulations on your hard work and progress.

  4. Darn you, 4pp! I like your visuals so much i spent too many minutes just now trying to create one for my next savings balance update! I downloaded your excel course for future fun as well. Look for my visual publishing this Sunday!

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