Money Fitness Journey

    • March Net Worth

    March I saw a huge drop in my net worth. Again this has not phased me one bit. Instead of letting something I can’t control affect me I went out exploring.

    I try to only focus on things that I can control. I can’t control how my investments can do. I can only control my savings rate. So I just keep on doing the old boring index investing buy and hold strategy.

    Income                      

    This month I made $4,404 after my contributions to my 401K. Sold some car parts as well!

    Expenses

    Expenses total right at $2,451. Nothing fancy going on here. This is one of my higher expense months, or so I hope. I had my 6-month renters and car insurance due this month.

    Savings

    So It’s month four of the sinking funds coming back. I’m keeping it simple with one for travel and one for vehicle costs. This month I saved $3,144 which is right around a 56% savings rate.

    • $1,133 Traditional 401K
    • $2,011 Money Market

    Net Worth: $102,978

    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 -$1,274 loss since last month net worth update for February was $104,252

     

    Notice the Net Worth is lower than my graphs. This is due to the fact that I got paid early for April and did not get a chance to screenshot my Net Worth before. 

     

    Final Thoughts

    Well even though I have had a nice drop in my net worth I’m still ahead in life. I finally got approved for Drill Instructor Duty. So I was able to reenlist for four more years. Once I graduate the school I get a $20K bonus that will be going straight to the taxable account! I am learning more and more to only spend time on the things I can control in my life. It’s a waste of time to worry and spend time on things I can not control. Instead, I like to spend my time on passions and things that bring me long-term joy. Like getting out and exploring nature, teaching, helping others and working out. I have taken $5.5K out of my $15.5K EF and maxed out my Roth IRA for the year. For now, keeping the EF at $10K. Now my priority is to max my TSP (401K) at $18.5K. If I can accomplish this goal it would be the first time ever I’d max both retirement accounts.

     

    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

    3. Financial Serenity Blog says

      LOL, that is the common thing to do in the military at least with everyone I have worked with. I was really considering using it to buy a camper and truck and try full-time camper living. Decided I will wait a bit longer to pull that trigger until I am closer to my FI number.