August 2023 - Net Worth Calculation ($119,228.44) => +2.91% from July 2023
- GMoney
- Aug 2, 2023
- 2 min read
Assets:
The assets I have included include the following categories: savings/checking accounts, cash, Venmo account, investment property equity & retirement accounts.
Net Worth Increase: +$2,939.44
401K increase: +4.84%
Total Assets: $137,967.75
Liabilities:
Credit Card: $428.31
Basement Loan: $18,311
Total Liabilities: $18,739.31
TOTAL NET WORTH: $119,228.44
July was a more expensive month than I anticipated. I think I am going to have a hard time hitting my overall savings goal this year at this pace. Also, I recently accepted a new job! My base salary increased by 5K, but my bonus decreased and isn't given out until March. This will also hinder my overall income this year because usually PGR's bonus is in December. I'll also be missing income this month which is a bummer. In July, there were two weddings which were fun, but also cost money to attend.
On the positive side, my mental health has seemed to improve as I have slowed down my weeks and spent more time in Cleveland/ not running around. Looking to keep that same thing going this month. It will be an expensive month for my business as I complete some house projects. I will be flying down to see Mom as well but that was relatively cheap (<$100 roundtrip).
*Note: I now include equity in my primary mortgage in my assets because it is considered an investment.
2023 Goals:
50% Savings Rate
Current April = 36.2%
Gross 100K -> 89K from PGR, 6K from agent, and 5K from Misc
Current net = $39,897
Buy another multi-family property
Run in 3 different Spartan races
Read 6 books
Listened to "The Small Book That Still Beats the Market"
Visit 4 state parks/ national parks
Visit 1 more state (and one country)
Visited Italy/ Switz/ France!
6 transactions or $750K in sales price
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