Jan 2017 Net Worth Update: $82.123

The month of January flew by fast! I feel like I was just saying happy new year a few days ago, and planning my 10-day trip to Thailand! 


If you are new to my blog, welcome and thanks for stopping by. Check out my Dec 2016 Net Worth Update, as well as my short and long-term financial goals.


ASSETS: $95,733 (­)

My assets grew by $1,763 or 1.88%, which is down from last month, but I still ended up on the positive side.

  • Cash ($1006) – This is basically my $1000 emergency funds plus any left-over cash from my budget. I am lucky to have a five-month streak without any emergency!
  • Car ($14,174) – My car increased slightly in value this month! Don’t ask me how or why, I obtain and report the current value consistently from KBB.com every month. This car note was paid off in March of 2016.
  • Investments ($80,546.47) – This was another modest growth month for the stock market. The contribution to my 403B + employer match was the usual, and the rest was stock market growth. My retirement portfolio overall increased by $1,693 or 2.15%

Overall, my assets increased by $1,763 or 1.88%

LIABILITIES: $-13,610 ()

  • Student Loans ($-13,610) – The best part of my net worth updates is watching my student loan RAPIDLY dissolve! I typically pay on average $4000/month but this month, I ended up paying $3000. Part of the extra cash went towards my vacation to Thailand this month. Even though I would have loved to see my debt at the $12,000 mark, the trip was worth every penny. I am still on track to paying off this loan before May 2017.

This month, my liability decreased by $2,938 or 17.75% Not bad for a month with a vacation.

NET WORTH: $82.123 (­)

My net worth increased by $4,701 or 6.07%. This is my 5th update and fourth consecutive growth in net worth.

March is around the corner, which means, I am two months away from my next financial goal, which is to achieve a net worth of $100,000 by March 2017. Most of this growth is expected to come from decreasing my liability, which is currently at $95,733.

It has taken me 5 years and 3 months to get to a net worth of $82.123. My next financial goal is to achieve a net worth of $100,000 by my 35th birthday in March 2017. ‘

I have heard the first $100,000 is the hardest and I completely agree. To steal a line from J.Money from budgetsaresexy.com, “You can’t make it to a million or a billion without first hitting $100,000

I couldn’t agree more, see you next month!


 

 

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