October is coming to a close so it’s that time of the month for my monthly net worth update!
I had some fun adventures this month just exploring new places for the great price of FREE!
This month I made $6,095 after my contributions to my 401K.
Expenses total right at $6,790. Let me explain why this number is different than the graph. I had to pay $2,000 for rent with a check that I took out around September 20th. So there was no way to update this graph to reflect that. Also, I cash flowed some huge purchases. $2,400 on all the parts, I need to go solar on my RV. I also had to register and pay taxes on the truck to the extent of $900 on a $5,500 16-year-old truck. I “love” CA and all its beauty. The last big purchases were $180 on my medals for my uniform that I will wear at the Marine Corps Birthday. After all that I spent about $1,310 to well live for the month. That is not bad at all for me living in an “HCOL” area.
This month I saved $5,240 which is right around a 62% savings rate. My savings rate has dropped since moving to SD. While this seems high remember I spent a ton of the cash I saved this month. So really this is kind of a moot point.
- $2,240 Traditional 401K
- $3,000 Savings
Net Worth: $203,222
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 +$7,560 gain since last month’s net worth update for September was $195,662.
Ok, I have to be honest here. I recently got into $24,000 into debt. That was to buy the truck and camper I will live in. I’ll be writing a whole post on it soon I promise. Why does that matter well it hit my net worth hard. I was not going to add the value of the truck, camper and my car to my net worth because I have been very good at only posting my liquid net worth. But seeing that much debt be tracked on my net worth but not the value of the items made me decided for just a mental feel-good thing I would also add the value of them into Personal Capital. I did, however, put the value at less than I could really get for them. This month was another big spend month which really had been getting to me mentally. Even though I see my net worth growing it just sucks to personally spend so much money when I’m a big time saver. But I know the big-spending now will accelerate my wealth building in the months to come. I can’t wait to see my cash flow once I move out of my apartment! It’s going to be sweet increasing my savings rate in an HCOL area and just have another experience of living full time in a camper to write about.
My favorite free tool I use to manage my net worth is Personal Capital.
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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 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.