August 2022 - Net Worth Calculation ($100,559.89) => 1.77% from July 2022

Assets:

The assets I have included include the following categories: savings/checking accounts, cash, Venmo account, investment property equity & retirement accounts.

Net Worth Increase: +$1,745

401K increase: +11.14%

Total Assets: $100,616.42

Liabilities:

Student/ Car Loans: $0.00

Credit Card: $56.53

Total Liabilities: $56.53

TOTAL NET WORTH: $100,559.89

WE DID IT!!! My net worth finally surpassed $100K - woohoo! This past month it was all the stock market to bring me above that benchmark because my budget certainly didn't help. I actually spent almost what I made this past month due to a couple extenuating circumstances: I booked a vacation for the end of August that I am waiting to get some money back from and I paid almost $1000 for a home inspection + appraisal of my new investment property. Either way, it's over 6 figures so I'm excited!

Looking at the month ahead, I will be closing on my new investment property on August 18th. I am going to start listing the property for rent soon so I can get someone in there asap. My agent business has pretty much slowed to nothing as I try and catch up on post-licensing education. Honestly, I'm not that upset about it. I'm able to enjoy the summer a bit.

Inflation is really starting to take a toll on my food budget. Typically my grocery store trips are under $200 and now I'm lucky to get to $260. That will be something to take into consideration when I make next year's budget. I also had to get new brakes on my car this week so that isn't helping my budget either.

*Note: I now include equity in my primary mortgage in my assets because it is considered an investment.

2022 Goals:

1. Gross 100K -> 92K from PGR and 20K from Real Estate Agent

2. 1.5M in RE sales or 10ish transactions

3. Own 2 more units for a total of 4

4. Savings Rate of 60%

   1. Current savings rate = 50%

5. Have 30K ready for next property - Done!

6. Do 25 pull ups and 75 push ups in a row consistently

7. Be able to hold a hand stand for 30 secs

8. Do a 3 min plank

   1. Current 1.5 mins

9. Try 8 new restaurants

   1. The Fairmount - University Heights

   2. Michealangelo's - Richfield

   3. Olesia's - Richfield

10. Explore 4 new state parks

    1. OhioPyle, PA

11. Go to 2 new states

    1. Las Vegas, Nevada

12. Try 6 new recipes including bread and crab cakes

13. Visit both Grandmas 8 times each

    1. Visited Gphilly/ Grandma 3/2

14. Call my family members at least once every other week

15. Read 10 books

16. Run a Spartan 10K in 1.5 hours (and maybe do a beast...)