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.
Assets
Cash – $3897
IRA – $27,177
Roth IRA – $1665
Solo 401k – $2825
Car/Stuff – $3300
Liabilities
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
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.