Net Worth Update: February 2017

Another net worth update!

Asset Total Monthly Change Percent Change
Wells Fargo (401)k $18,628.32 $1,035.19 5.88%
Betterment- Brokerage $12,047.13 $366.61 3.14%
Synchrony- High Yield Savings $362.09 $361.63 78,615.22%
TD Ameritrade- Brokerage $0 -$50 -100.00%
Total $31,801.33 $1,543.21 5.10%

This month was mainly market changes, plus transferring money from my TD Ameritrade account to Betterment and a small addition to my savings account.

Again, I do not include my car (or house, as I am renting) for two reasons: first, I intend to drive my car as long as I can safely hold on to it. Secondly, my main goal for tracking my net worth is to save up enough for early retirement (current goal- $850K, which I was able to bring down after lowering my expenses). For early retirement purposes, I only want to include assets that will continue to produce passive income.

A breakdown of the accounts I have and their progress this month:

Wells Fargo 401(k): +$1,035.19

This is my retirement account through my company. I contribute 6% of my income and take advantage of my company match, which is up to 6% as well. My Betterment brokerage account is my first priority, not my 401(k), because I don’t want to pay tax penalties for withdrawing money during early retirement. I use Smart401(k) to determine my allocations within the account and maximize returns. This increase is due to my normal contributions  plus market increases.

Betterment (Brokerage): +$366.61

Betterment is my main account for my early retirement goal. My only contribution this month was the $50 transfer from TD Ameritrade- everything else was thanks to the market.

Synchrony (High Yield Savings): +361.63

I use this as my Emergency Fund and as a place for short term savings. The percent increase (78,615.22%) is a bit misleading! I only had 40 cents left in the account after paying for my coaching certification program. My next steps are to replenish my emergency fund, and then to use this to save for a 6 month sabbatical from my full time job.

TD Ameritrade (Brokerage): -$50

I am closing this account and moving the money to my Betterment account.

Do you track your net worth every month? How did last month go for you?

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