Net Worth Update – May 2017

ID-100263174-300x300 Net Worth Update - May 2017This is the first post of my net worth. I will be posting these kinds of reports monthly.

I have been using Personal Capital to track my net worth as well as my income and expenses for over four years. I highly recommend that you sign up and use Personal Capital as this is far superior to other similar services. You can sign up using this link: Personal Capital Sign up 

As you can see below, I really do not have “bad debts”. I have credit card debt because I use my credit card for all of my everyday purchase so that I can obtain points for traveling. This will be a topic I will be discussing in a later post.

I own my car outright and I am not a big spender. Another thing I got working for me is that I bought my house super low because it needed gut job/renovation.  This is why the value of my house is high compared to the mortgage. That is another topic that I will be discussing soon as well so stay tune.

So here we have my Assets as well as my Liabilities.

Assets:

Cash Accounts: $869.33

401k: $8,525.85

Roth IRA: $28,937.01

Traditional IRA: $16,148.44

Taxable Account: $101,564.73

Home: $170,000.00

Car: $8,500

 

Liabilities:

Credit Cards: -$1,231.23

Mortgage: -$69,679.83

 

Net Worth: $263,634.30

 

So as you can see, I have a nice total net worth for a 32-year-old. I am very grateful for all I have done so far with the help of my family and loved ones.

Here is a screenshot of my net worth from Personal Capital.

(Disregard the drop on the screen shot. I was adding my home mortgage.)

Screen-Shot-2017-05-09-at-8.22.20-PM Net Worth Update - May 2017

 

Thank you for stopping by and continue to follow me on this Fiscal Voyage.

 

Image by iosphere at FreeDigitalPhotos.net

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