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September 2020 - Net Worth Calculation ($13,112.35) => +18.10% from August

  • GMoney
  • Sep 2, 2020
  • 1 min read

Assets:

The assets I have included include the following categories: Savings/Checking Accounts, Cash, Venmo Account, & Retirement Accounts.

Net Worth Increase: +2,009.38

401K increase: +15.15%

Total Assets: $22,931.64

Liabilities:

Student Loans: $5,948.61

Credit Card: $0

**Negative Car Equity: $3,870.68

Total Liabilities: $9,819.29

TOTAL NET WORTH: $13,112.35

TOTAL NET WORTH W/O NEG. CAR EQUITY: $16,983.03


Now that I had a normal month, the % increase in net worth is more in line with what is expected. This past month I stayed under budget for one of the few times this year. I ended up not booking any trips, so my costs remained low. If anyone is familiar with ChooseFI, my frugal win of the week was I sold some GoPro equipment I had laying around my house. It wasn't being used and allowed me to free up some space in my room. I earned $170 on the deal!


In the coming month, I am looking to begin my journey into becoming a realtor. That will take a large initial chunk out of my bank account, but hopefully I will be able to recoup that and make a profit over the next several months! I am excited to dive deeper into the real estate field and learn as much as I can from my broker.


*Note: I did not include equity in my primary mortgage in either my assets or liabilities.

**My current car loan is this amount more than my car is currently worth.

 
 
 

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