I have been using Personal Capital to track my net worth as well as my income and expenses for almost 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 apartment super low because it needed a gut job/renovation. You can check out the renovation post as well as my post about the numbers and profit from the renovation and rental. Also, I invest almost every single dollar that comes in because I live pay check to pay check.
So here we have my Assets as well as my Liabilities.
Cash Accounts: $3,964.77
Roth IRA: $30,601.20
Traditional IRA: $17,737.88
Taxable Account: $124,989.62
Empolyee Stock Option: $1,117.16
Credit Cards: -$1,593.11
Net Worth: $300,240.00
So I hit the $300,000 mark for the first time in my life. I am super excited and very grateful to be in this position. I make a lot of sacrifices to be in this position. I spent a lot of time studying to get a great job. I don’t live in a big place by the beach. I don’t have a new or 1-year-old car. I wear the same clothes that I have own for at least 3 years. So I am very grateful to be in this position.
By the end of next year, my goal is to have a net worth of $400,000. I don’t think that it is possible, but I am going to do my very best to get there. Every $100 grand my net worth moves up, it is a huge step to financial freedom.
I end the month of September on a good note with a stock buy. I plan to make 2 or 3 more buys for October. Make sure to follow me to get the latest updates.
Follow me so you know when and what my next Stock Buy is.
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