2018 Q2 Net Worth
These numbers were calculated on July 1st, 2018.
I moved back to California in June, choosing to move in to a house with some friends and transferring work with the same company. I will be spending around the same amount on travel expenses and will save a lot on housing expenses.
I am prioritizing paying off my debts starting with my car loan (which was a poor financial decision) and then the rest of my student loans. I am continuing to invest, although I have not been contributing more money. I am working on growing the account organically. I have also been learning a lot about real estate, specifically buy and hold for cash flow.
ASSETS (Over last Q)
| Retirement savings accounts | Investment accounts | Liquid cash | |
| Q1 2018 | $41,126.85 | $10,978.61 | $5,970.66 |
| Q2 2018 | $46,719.55 | $17,922.21 | $7,146.15 |
| % Change | +13.6% | +63.2% | +19.7% |
Current Assets = $71,787.91
The growth in Investment Accounts is inflated because I added in my HSA, which I forgot to add previously. I am also growing my savings account after depleting it from buying the car.
Liabilities (Q over Q)
| Student loans/CC | Car | |
| Q1 2018 | $25,704.39 | $23,416.47 |
| Q2 2018 | $23,779.68 | $20,333.54 |
| %Change | -7.5% | -13.2% |
= –$44,113.22
After decreasing expenses this past quarter, I will be putting at least 50% of my after tax income towards paying off debt, at least for the time being.
Net worth: 71,787.91 – 44,113.22 = $27,674.69
Since Previous Quarter (2018 Q1) Net worth
Assets: 71,787.91 – 61,536.31 / 61,536.31 = +16.7%
Liabilities: 44,113.22 – 49,102.96 / 49,102.96 = -10.2%
NW: 27,674.69 – 12,415.35 = +15,259.34, +123.0%
I feel like I am finally starting to get some momentum with my finances. There are a lot of factors including a continuing bull market which has been great for my investments, slowing increasing my income, decreasing expenses, and getting settled into my new life routines.
I don’t foresee any big expenses coming up so I should be able to continue making solid progress with debt. I am also motivated to start moving on real estate investing and am hoping to make a transaction in 2019.
My goal is to build lasting wealth with passive income to give me freedom with time and choices. Thank you for your support!