Debt Net Worth

January Net Worth 2017: $162,765 (+$20,804)

First Net Worth of 2017! Wow! First net worth post this year. I am going to try to stick with my 2017 goals so I have just copied and pasted goals of 2017 to make sure I am on track.

Goals of 2017!

  1. Pay off rest of by consumer debt by July. (10k left)
  2. Save 4 – 6 Months of expenses ~$10,000 (Currently have $500)
  3. Net Worth $200k. (30k left to go)
  4. Increase my income by $100 per month.
  5. Update my Closet – Spend at least $75/mo on clothing. (On track)

 

Assets Highlights / Lowlights

ROTH IRA (+$1602.00) – Added ~$1.5k I am trying to max my Roth IRA ($5500) before April 18th (Tax due date) so I can get this account tax sheltered.

401k (+$625.56) – Again my contribution is automated at 5% which is my company’s max. I’ve heard people don’t even get this much..

Brokerage (+$281.00) – Again the stock hasn’t moved much since I last checked it and I am still bullish on the stock (TRIP).

Car (-$63.00) – Finally where my value of my car is not depreciating as fast. Maybe from now on this will be the norm until it hits cliff at 5 years.

 

Liabilities Highlights / Lowlights

Student Loan 2 (-$758.00) – Priority #1. Still on track to knock this one by March.

Car Loan (-$921.00) – Car loan. This priority #2. On track to knock this ridiculous car loan before end of summer.

4 Comments

  • Reply
    Victor Andrades
    February 24, 2017 at 11:29 PM

    great job!

    • Reply
      Mike
      March 7, 2017 at 9:08 PM

      Thanks! Trying kill the rest of my debt which is a struggle..

  • Reply
    Benjamin Davis @ From cents to retirement
    March 17, 2017 at 6:52 PM

    Awesome job. You’ll get there in no time, if you save 20k every month 😛

    • Reply
      Mike
      March 21, 2017 at 8:25 PM

      Haha! It looks like I save 20k, but one of my main investments is quite volatile so it looks like I am saving 20k, but I am just holding the stock. Some times it just the value of the stock vs me adding cash.

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