At the start of each month I share my net worth. I started tracking my net worth back in August of 2016, but I didn’t start sharing it publicly until November 2016.
It’s my hope that by tracking and sharing my net worth through this blog I can document my entire journey to financial independence from the very beginning. I think it will be neat to look back on these early net worth updates ten years from now and see the progress I made over time.
Here are my numbers for April 2017:
|Money Market Funds|
|Savings Account||$4,590 (+$1,574)|
|Checking Account||$405 (-$610)|
|Total Money Market||$4,995 (+$965)|
|Tax Advantaged Accounts|
|Traditional IRA||$3,909 (+$35)|
|Roth IRA||$4,548 (+$177)|
|Total Tax Advantaged||$17,750 (+$1,642)|
|Non-Tax Advantaged Accounts|
|Loyal3 Brokerage Account||$2,945 (-$80)|
|Additional Brokerage Account||$1,544 (+$1,534)|
|Total Non-Tax Advantaged||$4,489 (+$1,454)|
|Net Worth||$27,234 (+$4,061)|
From March to April my net worth increased by $4,061.
I continued to pick up tutoring gigs during March to earn some online side hustle income. I also continued to funnel money into my 401(k) account, which consists of a simple 80/20 split between an entire-market stock index fund and an entire-market bond index fund. I’m currently on track to contribute the maximum of $18,000 to my 401(k) over the course of this year. My employer also matches up to 6% of my contributions, which is an added bonus.
Another noticeable change this month is that I decided to temporarily stop investing through Loyal3 and start contributing to my Vanguard brokerage account instead. I’m currently investing in VYM, the Vanguard high-yield dividend ETF, which currently has just over a 3% dividend yield.
The main reason for this is because VYM offers far more diversification than my 18-stock portfolio in Loyal3. VYM holds 415 individual stocks, all of which are high-yield stocks.
Lastly, as you can see above my Ally 1% Savings Account balance is becoming larger. The reason for this is because I finish graduate school at the end of this month and I’m planning on moving elsewhere shortly after I graduate.
My destination is still up in the air, but my short list for considerations are: Washington, Oregon, northern California, New Zealand, and Thailand. Since I’m unsure where I will be even 3 months from now, I feel more comfortable holding more of my money in cash so I can access it quickly if needed to cover any travel costs, down payments, etc.
Here’s a look at my net worth progression since I started tracking it back in August of last year:
This marks the ninth consecutive month of tracking my net worth and I fully believe in the idea that the more you track something, the better you get at it. In this case, tracking my net worth has been encouraging especially when I feel like I’m making insignificant progress from week to week. It’s nice to be able to look back to even a few months ago and see the progress I have made.
I’m excited to look back on this update at this time next year and check out my progress. To everyone that has been following my short journey up to this point, thank you and I hope you keep checking in each month.
That’s all for this month’s net worth update, thanks for reading 🙂
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