Net Worth Update #21 – July 2018

NW July 18 COVER
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 July 2018:

Money Market Funds
Savings Account $13,467  (+$345)
Checking Account $286   (-$736)
Total Money Market $13,753  (-$391)
Tax Advantaged Accounts
Traditional IRA $3,799  (-$48)
Roth IRA $4,687  (+$33)
401(k) $31,826 (+$1,161)
Total Tax Advantaged $40,312  (+$1,146)
Non-Tax Advantaged Accounts
Brokerage Account $41,044  (+$3,867)
Cryptocurrencies $1,867      (-$633)
Republic Private Investment $550         (+$0)
Total Non-Tax Advantaged $43,461   (+$3,234)
Net Worth $97,526 (+$3,989)


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

NW July 18 COVER


From June to July my net worth increased by $3,989.

Over the past year, my average month-over-month net worth increase has been about $4,000, so this was a typical month.

The stock market started off strong in June, but prices dropped off in the last week, leaving most of my equity investments flat for the month.


My crypto investments shed a little over $600 in value over the past 30 days, which didn’t help the cause:


Fortunately, I don’t lose sleep at night over my crypto holdings. This is an investment that I plan on riding out for the next decade and it currently represents just over 1% of my total portfolio.

Where Did My Earnings Go?

I managed to save about 64% of my income in June. I threw $2,000 into some fresh VTI (Vanguard Total Stock Market ETF) investments and dropped the remaining savings into my Ally Savings Account, which now has an annual percentage yield of 1.75%.

As usual, I funneled 100% of my 401(k) contributions from each paycheck into an S&P 500 index fund.

Related: A Recap of Warren Buffett’s 10 Year Bet on the S&P 500

Looking Forward

Looking forward, my financial strategy is dead simple: continue to earn income from my 9-5 job, stock dividends, stats tutoring, blogging, and funnel 65% or more of those earnings into the stock market or my savings account. Nothing too fancy.

The number one reason I have been able to increase my net worth so quickly and consistently each month is due to my high monthly savings rate. And while I don’t keep a budget, I do track my monthly spending which helps me keep my living expenses fairly low.

Also, if you missed it, my new app that visualizes your monthly spending is now available for a $5/month subscription. Check out my post here that provides an outline of the app and why I think it’s so useful.

Assuming the market plays nice during July, I should be able to fly past the $100k net worth mark by the end of the month, which is a huge milestone that I’ve been wanting to cross for the past two years.

Related: The Math That Explains Why Net Worth Goes Crazy After the First $100k

I expect my net worth increases to start speeding up each month once I cross the $100k threshold since I’ll have some real money at play to earn investment returns.

As I mentioned in my post yesterday, I expect my net worth to hit $160k – $180k by next summer, which will give me some serious financial flexibility and the means to contemplate quitting my day job to pursue working for myself.

Until then, I’ll keep providing updates at the start of each month.

That’s all for this month’s update, thanks for reading 🙂

I keep my financial life as simple as possible by only using two tools:

I track my net worth for free using Personal Capital and I track my monthly spending using the Monthly Spending Summary app.

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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.

7 Replies to “Net Worth Update #21 – July 2018”

  1. I just recently found your site and I love it! One quick question, is your net worth calculations based on you having $0 in debt/liabilities? I’m only asking because I do not see any debts listed (and if you are debt free, then awesome work!!). Thanks.

    1. Hey Chris,

      I currently have a monthly car payment, which could be considered debt but I could sell the car at any point and get a lease, so I don’t take this into account with my net worth calculations. Thanks for asking!

  2. 100k here you come, Zach!
    Have you thought about having coins, gold, silver? Cash? Like 20-25%
    Not to sound like a conspiracy nut, but all your wealth is in electronic digits only. My small coin collection ha grown 3-4% each year over the last 20 years. Lost my 1930’s stamp book….

    Those items can be in your physical possession, are easy to transport, and were raising in value while other assets were dropping in the last recession.

    Go to pawn shops and buy some (small) drug dealer chains. You’ll always have value in any situation, even being robbed and they usually buy by weight so can cut deals for cash.
    Always good to diversify a little more as you hit that threshold. Soon, you should be looking at a condo to fix up.

  3. Congrats on your increase in investments! I like your diversification and your thoughts on the cryptos. You’ve got a great plan.
    We don’t look at detailed reports or graph them, although that would be cool. Our investments are: (2) 401k’s, 3 annuities, 2 rental properties, and some stocks. I have not included our home.
    As a rough tally for total net worth (not including our home), we are at $567,000. I factored in debts, but the sale of our home would more than cover those.

  4. This quote, alone, sums up how easy it is to generate wealth; still, everyone believes there is some secret recipe that the rich are hiding:

    “The number one reason I have been able to increase my net worth so quickly and consistently each month is due to my high monthly savings rate.”
    – Zach, Four Pillar Freedom

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