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. 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: $1,467.09
Roth IRA: $30,060.53
Traditional IRA: $16,959.25
Taxable Account: $109,959.25
Empolyee Stock Option: $960.77
Credit Cards: -$2,314.60
Net Worth: $275,616.11
So my net worth jumps $11,981.81. I would love to have results like this every month lol. The big jump comes from my taxable account as it went up almost $8k. This has to do with new investments as well as some dividend income. Also, a little help from the market with stocks going up. Next month I should have three buys lined up so stay tuned for those posts.
Here is a screenshot of my net worth from Personal Capital.
(Disregard the drop on the screen shot. I was adding my home mortgage.)
Thank you for stopping by and continue to follow me on this Fiscal Voyage.
Image by iosphere at FreeDigitalPhotos.net