Net Worth Update #4 – February 2017


A new month is upon us so it’s time for a net worth update…and this is an exciting one.

Here are the numbers for February 2017:

Money Market Funds
Savings Account $1,076    (+$1,061)
Checking Account $76    (-$564)
Total Money Market $655     (+$497)
Tax Advantaged Accounts
Traditional IRA $3,781    (+$124)
Roth IRA $4,144     (+$544)
401(k) $6,936    (+$2,219)
Total Tax Advantaged $14,861     (+$2,887)
Non-Tax Advantaged Accounts
Loyal3 Brokerage Account $2,997    (+$289)
Additional Brokerage Account $10           (+$0)
Total Non-Tax Advantaged $3,007     (+$289)
Student Loans $0    (-$1,000)
Net Worth $19,020     (+$4,673)


From January to February my net worth increased by $4,673. I had very few expenses in January, I kept pumping money into my 401(k), and also landed a few tutoring gigs on the weekends to earn some side-hustle income.

Student Loan Situation


I paid off my one lingering student loan of $1,000 so I am officially debt-free. It feels incredible to finally get rid of that one loan and I will no longer be pestered by student loans ever again as far as I can tell. 

This is a huge accomplishment. In the quest to become financially independent, debt is by far the biggest obstacle that most people must overcome. I have been fortunate to have the opportunity to live at home during my college years and save a massive amount of money on both housing and food costs. It also helps that I went to an in-state school and saved a huge chunk on tuition costs. 

Looking Forward

The $20,000 net worth milestone is lingering on the horizon and I see no reason why I won’t be able to reach it by next month.

I am still at the beginning of my journey to reaching financial independence and I have a considerably long way to go. But what I find most amazing about this journey so far is how simple it has felt. Obviously living with my parents is a massive expense-reducer and I’m extremely grateful for that.

But I haven’t felt like I have been depriving myself in an effort to increase my net worth as fast as possible. I haven’t been constantly saying no to going out to avoid spending exorbitant amounts of money. I don’t spend my days locked in my room clipping coupons and eating expired rice and beans. I simply spend very little because I want very little and I have dropped the desire to buy stuff to impress people, although it took several years to develop that mindset. 

Documenting this path from literally ground level to financial independence will take several years but I’m excited to share my progress every step of the way. I want people to see that it doesn’t require any extraordinary innate talent to conquer your finances. You don’t have to know any advanced investing techniques or even earn a top 1% salary. You need the right mindset more than anything. The rest just naturally falls into place.

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

I strongly suggest using free financial tools like Personal Capital to track your net worth, spending habits, and cash flow to help keep an eye on your money. The more you track your finances, the better you get at growing your wealth!

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4 Replies to “Net Worth Update #4 – February 2017”

  1. Nice update here Zach, kicking butt with 0 liabilities and congrats on that!
    Keep on keeping on and looking forward to seeing you smash 2017 🙂

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