In order to keep track of my financial progress or lack of progress I have decided to calculate my net worth a few times a year.
My net worth as of 09/3/2017 is as follows.
Cash – $3897
IRA – $27,177
Roth IRA – $1665
Solo 401k – $2825
Car/Stuff – $3300
Student Loan – $115,268
Credit Card – $0
Net Worth = $- 76,404
My net worth improved almost $2000 last month. This was mainly due to receiving two paychecks from my full-time job. My student loan balance increased over $600 despite making a $450 payment during the month. That doesn’t seem correct, but every time I check their calculations for the year they’ve been correct. The student loan is my only liability. With the way it accrues interest, it might be a liability forever. I’d like to get it refinanced, but I can’t get it done since my debt is so much bigger than my income.
I’ve been using Personal Capital (affiliate link) to help track my net worth. It keeps track of all of my financial accounts and my student loan making it pretty easy to calculate my net worth each month. It is free to sign up. If you would like to sign up I’d appreciate you using my link. All blog income, including affiliate income, goes to paying down my student loan.
2 thoughts on “September 2017 Net Worth Update”
Do you regret going to law school? It seems to be a regret of many today!
Law school did not pay off for me. I do regret going. If I had made some better decisions on where and when I attended law school it might have worked out.