Money Fitness Journey

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    JANUARY NET WORTH 2020

    January 31, 2020


    January is coming to a close so it’s that time of the month for my monthly net worth update!

    I want to explain why I do a monthly net worth update.

    • Keep me accountable
    • Track my journey
    • Prove that anyone can become a millionaire
    • Prove that FIRE works

    January is my second month of full-time RV living! Wow, this month flew by. We ended up doing a nice adventure with the RV. We went to three different locations. It was a great experience to not only get away but see how everything would go with traveling with the RV. We went to some hot springs, Slab City and Joshua Tree.

    Income                       

    This month I made $6,091. I sold some stuff and took a few items back.

    Expenses

    Expenses total right at $2,529. This is a bit higher than last month. This month I had to register my 2006 XB, and decided to buy a few addons to the RV and bought a new fitness watch! Now let’s be honest here $2,529 for expenses in an “HCOL” city like San Diego is not much at all. That’s about $30K a year. Yet most of this month’s spending was in big-ticket wants and not really needs or normal spending. Lastly, some of this spending is for our current RV site that we paid till Feb 16th.

    Savings

    This month I saved $3,224 which is right around a 45% savings rate. Not bad especially seeing I paid for my site till mid-Feb this month.

    • $2,200 Savings (planning to invest this in my taxable account)
    • $1,024 TSP (401K)

    Net Worth: $226,162

    This is where it gets a little sticky now. My net worth posted on Personal Capital in the sleek graph below is wrong. Still, have some of that crypto that would not link to Personal Capital.

    That is a +$7,563 gain since last month’s net worth update for December was $218,599.

    I love using Personal Capital for all my sleek graphs
    I do all my crypto investing through Coinbase

    Final Thoughts

    January has been an interesting month for me. I had a good vacation but also one hell of a time at work this month. I also have had the most incredible opportunity to be with my partner and share our journey together. I have some big pay raises coming up that will put a Blaze to my FIRE journey! Be different and crush your goals. I have noticed the more I don’t do what others do the more amazing my journey has become.

    FIRE HACKS

    Thanks for stopping by. I use affiliate links to support this site at no cost to you if you believe you get value, please consider supporting me by clicking. 

    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 Credit Card Hack is American Express Platinum, Hilton Honors Aspire, and Bonvoy Brilliant AMEX. So far they paid me over $2,200 this year to use these cards. 

    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.  

    Filed Under: Financial Independence

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