I am swiftly creeping up on my FIRE number. At the same time, my blogging momentum is loosing steam. This might be the beginning of the end of my online FIRE journey.
Sept ’21 Net Worth equals total Assets minus total Liabilities.
Total Assets: $3,222,864 + $ 132,652 from the last 2 months.
Accounts receivable, This is a floundering business deal from 2014
Retirement accounts; 2 people, 4 accounts total
Brokerage account; Dividend Portfolio
College Funds; Prepaid tuition and 529 accounts or 2 kids
Bonds; ‘I bonds’ bought through Treasury Direct
Cash & Metals; 4 accounts and a security deposit box
Health Savings Account, Started in 2015
Starting Tracking the Growth of my Cryptocurrency
I was reluctant for a very long time to enter the realm of speculative growth in crypto. But alas I always did keep up on the tech and zeitgeist. Now felt like the time to start and then BOOM, just like tattoos, they are addictive. I fell all the way in. This purse now has $139,500 invested seed money.
Now For LIABILITIES.
Total Liabilities; $450,774 up $ 5,695 from last month.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Mortgage on Rental Property; Bought in 2020 Interest at 4.75%
Student Loan Paid off!
HELOC; Current APR 3.49%
Sept ’21 Net Worth; $2,772,090
Tracking your own net worth is perhaps the second most important thing you can do to improve your financial picture. Budgeting your expenses to see where the money goes is probably still number one.
Budgeting is like paying attention to ball game while tracking net worth is like paying attention to the baseball season.
Months can goes up or down, you need a longer picture to evaluate your progress. You are either bringing in more money than you’re spending or you are losing money each month. Tracking Net Worth is easy, useful, and addictive.