October 2023 - Net Worth Calculation ($122,797.74) => +0.71% from September 2023
- GMoney
- Oct 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: +$869.09
401K increase: -4.74%
Total Assets: $140,866.41
Liabilities:
Credit Card: $61.09
Basement Loan: $18,007.58
Total Liabilities: $18,068.67
TOTAL NET WORTH: $122,797.74
September proved to be another good month of savings. I actually hit my goal of saving 50% of my income! Frankly, the month went by way too fast. It seemed like the end of summer was here and gone in the blink of an eye. Volleyball season is wrapping up and I'm grateful to get some of my evenings back. I'm tired of running around every weekday and weekend. My net worth didn't increase by very much because my increased savings rate was offset by decreases in my 401K investments. That's OK though because those will eventually bounce back. This month looks to be another chill month so hopefully I can get on a streak of saving 50% of my income before the holidays hit.
I am still doing minor house projects and haven't start looking for my next property yet. Ideally, I would have found one already but I feel like the move might be to wait until February/ March so by the time I close, I can move in the spring. It will also give me the chance to save up more for a larger property.
*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 = 37.1%
Gross 100K -> 89K from PGR, 6K from agent, and 5K from Misc
Current net = $49,368
Buy another multi-family property
Run in 3 different Spartan races
WV 10K Super
Read 6 books
Listened to "The Small Book That Still Beats the Market"
Listened to "Buy, then Build"
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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