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. I’ve been doing it every month, but I think after this month I’ll return to doing it quarterly or semi-annually.
My net worth as of 10/1/2017 is as follows.
Assets
Cash – $3264
IRA – $29,176
Roth IRA – $1684
Solo 401k – $3165
Car/Stuff – $3200
Liabilities
Student Loan – $115,846
Net Worth = $- 75,357
My net worth improved almost $1000 last month. This was mainly due to receiving three paychecks from my full-time job. It seems like it should have improved more with the extra paycheck and all my investment accounts making at least a little money. It is better than going backwards so I won’t complain. Hopefully, I can keep the positive trend going the rest of the year.
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.