Feb 2022 - Net Worth Calculation ($85,759.05) => 43.02% from Jan 2022
- GMoney
- Feb 2, 2022
- 2 min read
Assets:
The assets I have included include the following categories: Savings/Checking Accounts, Cash, Venmo Account, & Retirement Accounts.
Net Worth Increase: +25,796.83
401K increase: -3.07%
Total Assets: $86,127.72
Liabilities:
Student/ Car Loans: $0.00
Credit Card: $368.67
Total Liabilities: $368.67
TOTAL NET WORTH: $85,759.05
BIG BIG Events have occurred since my last blog post. For some reason, I calculated my net worth but never wrote about it. I would like to go back and write about the January net worth at least because I would like to compare Jan-22 to Jan-21. However, let's focus on what has occurred overall since November. I successfully closed on my duplex and have since moved in to the one unit. Lauren and I spent a good bit of time painting and cleaning, but there is still plenty of projects to be done. It is well worth it to not be paying a mortgage!
I also sold my house in Maple Heights for far more than I could have dreamed. It sold for $110K when my loan was around $67K! With these proceeds I paid off all of my loans so I am officially debt free (except for my mortgage of course)!!! It's so exciting to think about my savings rate for the next year because 2 out of the big 3 expenses are taken care of from the start.
I also received a slight pay increase which will help to offset some of the increased inflation the country is currently seeing. Hopefully, I will get a promotion this summer which will further increase my income and my savings rate. I have also started getting my feet wet with more real estate clients and may have a serious one by next month!
*Note: I now include equity in my primary mortgage in my assets because it is considered an investment.
2022 Goals:
Gross 100K -> 92K from PGR and 20K from Real Estate Agent
1.5M in RE sales or 10ish transactions
Own 2 more units for a total of 4
Savings Rate of 60%
Have 30K ready for next property
Do 25 pull ups and 75 push ups in a row consistently
Be able to hold a hand stand for 30 secs
Do a 3 min plank
Try 8 new restaurants
The Fairmount - University Heights
Michealangelo's - Richfield
Explore 4 new state parks
Go to 2 new states
Try 6 new recipes including bread and crab cakes
Visit both Grandmas 8 times each
Call my family members at least once every other week
Read 10 books
Run a Spartan 10K in 1.5 hours (and maybe do a beast...)
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