Net Worth Update #6 – April 2017


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)
401(k) $9,293   (+$1,430)
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 incomeI 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:

NW Apr 17

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 🙂

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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8 Replies to “Net Worth Update #6 – April 2017”

  1. Whoa – what an array of possible living locations!! I have lived in Oregon and LOVED it. Most people opt for Portland these days but I was a big fan of the small town living of Ashland (10 miles N of the California border)…could be my hippie background. 😉 Thailand was awesome to visit. Loved Chiang Mai (as many PF bloggers seem to!) and would enjoy a longer stay next time but I couldn’t see myself living there full time. New Zealand? I’ve never been but it is on my list! If you do wind up there you must report back. 🙂

    As for the finances – you’re doing awesome. As you know, I am a big fan of your writing and to see it all coming together is amazing. Maxing out the 401k is an awesome goal – again, something I wish I had been doing all along! I am still a firm believer in keeping cash handy. I know in a zombie apocalypse it is useless but it really helps in those moments I want to drop everything and move to Mexico. 😉 Great work, Zach – keep it up!!

    1. That’s awesome you have experience living in Oregon! I am seriously considering the southern Oregon / northern California area, I’ve been there on a few different vacations and I love the climate and everything there is to do outdoors in the area. Chiang Mai has also always been a place I have wanted to visit. I like the idea of potentially living abroad for a few years (hence the Thailand and New Zealand considerations) but who knows what the future holds 🙂

  2. I’ll let you in on a little secret when it comes to new living destinations: Pacific Northwest is Best! 😉

    I’m in the Seattle area and love it. It has a higher than average cost of living rate, but it also has a plethora of high-paying jobs thanks to the many huge companies that hare HQ’d here like Microsoft , Amazon, Costco, Nordstrom, Boeing, T-Mobile, REI, Eddie Bauer, Nintendo, …. this list goes on and on.

    Congrats on the positive net worth trend! It’s always nice to see it going up 🙂

    1. Seattle is definitely on my radar, I wasn’t aware there were so many big name companies HQ’d there though! I’ve always had a strong desire to live in the Pacific Northwest, I love the atmosphere and all the outdoor activities available to do in the region. The strong job market is an added bonus as well.

      Thanks for the positive feedback! 🙂

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