Net Worth Update: August 2017

When the Numbers Go Down

Now that I’ve taken my business full time, I don’t expect my net worth to grow consistently every month. Even though I have a solid action plan for growing my income (and a significant savings account to support me while I’m still working towards a consistent income), it can be really scary to watch my net worth numbers go down!

It feels very vulnerable to still share these updates with you with a negative number this month, especially since a big part of my coaching business is helping my clients grow their net worth and save more. But it’s also not realistic to expect that I’m going to have a positive income every month when I’m first starting out. So I’m drawing on Brene Brown for inspiration here:

“Courage starts with showing up and letting ourselves be seen.”

-Brene Brown

I truly believe that continuing to show honest and transparent results in my own life will help me show up better for my clients and in my business. Having a true connection with my clients is so important, and it’s one of my favorite parts of coaching. So here’s to following through with my own advice!

Net Worth Update

August 2017 Net Worth

Asset Total Monthly Change Percent Change
Wells Fargo (401)k $24,143.05 +$480.68 +2.03%
Betterment- Brokerage $14,222.01 +$26.59 +0.19%
Synchrony- High Yield Savings $9,106.00 -$938.48 -9.34%
Checking Account $1,128.56 +$0.70 +0.06%
Total  $48,599.62 -$430.51 -0.88%

You can find all my net worth posts here.

Income and Expenses

Below is my updated Wall Chart for the month… you can see my income and expenses. The bottom line is income from my investment accounts- once this line crosses my expenses, I will have reached Financial Freedom! For more on Wall Charts, see my recommendations on building a better budget.

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