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 September 2018:
|Money Market Funds|
|Savings Account||$15,908 (+$399)|
|Checking Account||$2,100 (-$106)|
|Total Money Market||$18,008 (+$293)|
|Tax Advantaged Accounts|
|Traditional IRA||$3,902 (+$106)|
|Roth IRA||$5,007 (+$146)|
|Total Tax Advantaged||$42,740 (+$1,272)|
|Non-Tax Advantaged Accounts|
|Brokerage Account||$46,189 (+$4,880)|
|Republic Private Investment||$550 (+$0)|
|Total Non-Tax Advantaged||$48,206 (+$4,490)|
|Net Worth||$108,954 (+$6,055)|
Here’s a look at my net worth progression since I started personally tracking it back in August of 2016:
From August to September my net worth increased by $6,055.
Yesterday I shared that my net savings during August was $3,158, which means nearly half of this net worth increase came purely from investment returns.
That’s incredible to me.
I have written before about the math that explains why net worth goes crazy after the first $100k, but to experience the growth firsthand is an amazing feeling.
What’s even more amazing is looking back on my net worth growth over the past couple years:
September 2016: $4k
September 2017: $51k
September 2018: $108k
Almost all of this growth has been fueled by saving 60-75% of my day job salary consistently each month.
Recently, income from dividends and blogging have also started to contribute significantly to the growth.
In the last three months I have averaged $987 in income from dividends and blogging alone:
This additional income along with my existing investments is pushing my net worth higher at a much quicker rate compared to a year ago.
A combination of blogging, day job, and dividend income along with strong stock market performance fueled my $6,055 net worth boost this past month.
I managed to save 58% of this total income, all of which was either invested in VTI (Vanguard Total Stock Market ETF) in my brokerage account or dropped into my savings account.
Check out this post to find out why I invest in total stock market funds.
Since I recently converted from a contractor to full-time employee, I’m not eligible to contribute to the company 401(k) yet, so my 401(k) balance simply grew by itself without additional contributions this month since nearly all my investments are in an S&P 500 index fund.
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.
In the past few months, my dividend and blogging income have been able to cover around 50% of my total monthly expenses. I plan on growing this percentage to 100% and beyond over the 12 months.
By this time next year there is a serious chance that I’ll have a large enough net worth and be earning enough income through streams outside of my 9-5 job that I may no longer need a day job.
Until then, I’ll continue providing updates each month.
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.
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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.