Net Worth Update: January 2017

First net worth update of 2017! Numbers are moving on up.

Asset Total Monthly Change Percent Change
Wells Fargo (401)k $17,593.13 $985.48 5.93%
Betterment- Brokerage $11,680.52 $602.41 5.44%
Synchrony- High Yield Savings $0.46 $0.46 N/A
TD Ameritrade- Brokerage $50 $0 0.00%
Total $30,258.12 $2,522.36 9.09%

This month was mainly market changes, although I did discover some bonds my grandparents bought me when I was a kid. I transferred them to my Betterment account, which was part of that increase. Betterment recently changed their fee structure, and I really enjoyed Mr. Money Mustache’s article explaining the changes and his reaction. I still plan on using Betterment. I get a lot of value out of their services, and the fees for my current price range aren’t changing. My main concern is whether they will increase their fees again, in which case I may re-evaluate.

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- $1mil, hoping to bring that down as I lower 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): +$985.48

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. I prioritize my Betterment brokerage account over this one 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): +$602.41

Betterment is my main account for my early retirement goal. I did not contribute anything to this account this month, so this increase solely reflects the market performance.

Synchrony (High Yield Savings): $0.46

I use this as my Emergency Fund and as a place for short term savings. I just used this money to pay for my coaching certification. My next steps for this account are to replenish my emergency savings. No, I didn’t make a deposit of less than two quarters, that money is from interest earned.

TD Ameritrade (Brokerage): +$0

This is my short term investment account- playing around with stocks and practicing what I learned in my “Rich Dad, Poor Dad” investment class. Once I finish paying off my class fees, I will put a few thousand dollars in here to play around with. I do not recommend this strategy to the casual investor, and I only put money into this account that I can afford to lose. So far, I have been using paper money to practice my strategy to build up my skills.

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


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