Well, I am now deciding that I will share my net worth for others as a learning tool. It also helps hold myself accountable to what I preach. Hopefully, others will get inspired with these updates and build the future they desire. My goal is to always save as high of a percentage of my income as I can.
This month I made $3,496 after my contributions to my 401K. If I included the 401K contributions it would be $4,232.
Aprils expenses total right at $2,779. My expenses seem high for April due to a Vegas trip I took with my girlfriend. Yet that trip was saved and budgeted for with money, not from April’s paychecks. There is also a ton of work-related expenses on this month’s tracker. Finally, I did do a lump sum payment for my insurance which I get billed every 6 months. So typically my monthly expenses are lower. But hey got to stay honest here and show the data.
I was able to save $2,136. This puts me right at around a 50% savings rate. Now, l
Net Worth: $73,586
While I have progressively increased my net worth each month I know I will see bumps in the market at some point. Yet so far slow and steady is winning this marathon.
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My favorite free financial tool to manage my net worth is Personal Capital. You get a $20 Amazon gift card for signing up.
My favorite free investing platform is M1 Finance. You get $10 for signing up. No trading or management fees plus you can buy fractional shares.
My favorite phone service is Mint Mobile. You get a $15 renewal credit for signing up. I get a year of phone service for a rock bottom price of $240. As a guy who travels and lives in an RV full-time, this service has been amazing.