Hey guys –
I’m a bit late with my post this month, but I want to make sure I update you on my net worth in December.
Spoiler: It’s pretty much same as last month, but it did decrease. My net worth in December fell about $1,500 from November – which is a big difference from some of the huge changes in months past. Overall, I can definitely start to feel the impact of my investment account size on my overall net worth. The income from my W-2 job and side hustles isn’t enough to guarantee net worth increases every month anymore. More of my fate is in the hands of the market.
The details of my accounts show a little more movement, but overall not much has changed. While this can be discouraging, when I look back on where I was at the beginning of the year, my net worth has increased by over $70,000 this year. Not shabby for an overall net worth of ~$229,000.
Here’s a picture from my Personal Capital account tracking my net worth growth since I opened my account in August of 2019.
The uptrend continues and it pays to have a long-term view on investing. In reality, this picture shows just over two years of net worth tracking, which is not that much at all.
Here’s my net worth month-by-month with each blog post I’ve written that month attached in case you’d like to review my past posts:
- April 2021: $181,250
- May 2021: $183,791
- June 2021: $190,804
- July 2021: $197,184
- August 2021: $199,983
- September 2021: $212,956.29
- October 2021: $206,686.24
- November 2021: $231,033.70
- December 2021: $229,413.73
Here’s the monthly breakdown of my net worth and changes from the prior month:
December 2021 Net Worth Update: $229,413.73
- Cash: $18,934.20 (+17.51) (lol)
- Checking Account: $3,891.48
- High-Yield Savings: $15,042.72
- Investments: $177,260.78 (-$827.63)
- Work 401(k): $98,302.96
- Roth IRA: $53,939.31
- HSA: $21,293.67
- Taxable Brokerage Accounts: $3,724.84
- Cryptocurrency: $33,228.22
- Bitcoin: $16,610.79
- Ethereum: $16,584.20
- Other Coins: $33.23
- Credit Card Debt:
- -($9.47)
I’ll end this post with two money-related things I’m excited for this month. First, one of my side-hustles does really well during the holiday season. I work on a print-on-demand Redbubble store on the side that pays me around $200 per month in profit on average. So far this holiday season, I’m on-pace for a $400 month in December. That’s not a ton of money, but every bit like this counts on my financial journey.
Also, I’m excited to receive some money back from an amended tax return. My wife and I accidentally over-reported our income due to a tax software issue and we’re still due to get a few thousand dollars back from the government once they process our amended return. Still patiently waiting!
Have a great month – happy investing!
Roth and Roll Finance 