Money Fitness Journey

    • July Net Worth 2020

    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

    Another month and I’m still inching my way closer to FIRE! Stay consistent and keep investing like it’s going out of style.

    Income

    This month I made $5,369.

    Expenses

    Expenses total right at $1,097.

    Savings

    This month I saved $4,992 which is right around a 77% savings rate. This is what I call winning! 

    • $2,310 ROTH TSP (401K)
    • $2,682 VANGUARD MONEY MARKET ACCOUNT
    • $993 Money Market Account

    Net Worth: $258,793

    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 +$20,177 gain since last month’s net worth update for June  was $238,616

    I love using Personal Capital for all my net worth tracking
    I do all my crypto trading with Coinbase

    Final Thoughts

    Lately, time just seems to be flashing by me. I don’t know if it’s because I am getting older or just the fact that I have been crazy busy with life in general. On top of that, the market has been going crazy for months now. I am finally at new high marks as far as my liquid net worth goes. I’m inching my way to that $300,000 mark! It feels so good to have this much liquid assets…

    via GIPHY

    It has changed my life in so many impactful ways. I have the ability to take on more risk at work and in life. I have been able to take harder choices in my career and in life. I recently made a pretty tuff choice in my career that needed to be made for my health. I might write a post on this it would surprise people just how we in the military are treated. Well…

    via GIPHY

    Life

    July was an incredible month for us. I got to spend some time at the beach with my wife and Great Danes. We got out and explored, did a few nice runs in parks, ate some great food for FREE with CC Hacking.

    I love where we live and the life we get to have. Some people think we are crazy and must not be happy because we spend less than $30,000 living in San Diego. But I think we live an incredible life that keeps becoming more fulfilling as we grow as a family.

    Fitness

    I have had a good month with my fitness even though I suffer from chronic pain from the good old Marine Corps and our medical system seems to care very little about actually helping me get better. I did end up taking about 7 days off due to a lot going on in my life at work and at home. But I am back into it now and still have yet to step back into a gym. I’m really loving how easy it is to get into amazing functional fit shape with just my body and the great outdoors. I like to vary my workouts by hitting some muscle building days and other cardio days. The cardio days I typically do interval sprints or longer distance nice pace runs. It’s hard to beat working out for free and getting in great shape at the same time. Also have been really working on my yoga and core strength.

    Well I’m looking forward to see what August brings to the table. I’m sure there will be new hurdles to jump new things to tackle and I will try my best to deal with it all as best as I can. It’s ok to fail… This is something I am trying to learn and really get better at. Giving myself room and the ok to fail and adjust in life as things get hectic.

    Hopefully you enjoy these updates and it inspires you to keep going!
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    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.  

    Comments

    1. Mrs. P&P says

      It’s been years since I could pull off a decent Crow pose!!! Nice job.

      Congrats on your progress. You’re doing amazing things!

    2. Kat says

      Wow, what an amazing net worth gain!! Mine has been an underwhelming +$600 this month due to market drops – but I don’t mind as this means I can put more money to work at a reasonable price!

      Even if it’s not perfectly accurate, I love your net worth graph because you can see how it fluctuates over time and there are down’s as well as up’s, but overall the trend is decidedly upwards.

      I wonder about the savings rate though: if you only spent $1100 and saved almost $5000, how do you get a 61% savings rate? It would seem much higher at first glance, no?

      In any case, amazing job, well done!

      • David Cole says

        Yeah, I need to fix the savings rate on the post for some reason my math skills on that one where off lol. Good catch on that Kat! Yeah the gains this month are crazy due to the stock market.

        • Kat says

          Ah ok, glad that it was a mistake and I wasn’t just confused!
          Well done – you must be invested differently to me because I had stock market losses this month. As I said, great opportunity to buy low though.