I’m back with a monthly net worth update. It’s rough out there! My net worth decreased again this month from the prior month – but we trek on.
As I mentioned in a few previous posts, my wife and I are preparing to move into a new build house that we locked in a couple of months ago, so we’re doing a lot more spending then we typically do to save for the down payment and pay other costs associated with new builds.
So far, we’re able to support all of these payment expectations with our existing cash and expectations for future income. For example, my work bonus will be hitting my bank account soon and my company did well this year, so I’m fortunate to be getting a good windfall.
Still, this is more spending than we normally do, so we need to keep an eye on the debt (even though it’s all at 0% interest) we’re getting into to support our new home .
Let’s take a look at the numbers.
Previous Net Worth Updates:
- 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
- January 2022: $234,429.64
- February 2022: $226,337.39
- March 2022: $224,727
- April 2022: $238,798
- May 2022: $214,133
- June 2022: $202,802
June 2022 Net Worth Update: $202,802
- Cash: $28,513.79 (+$3,153.51)
- Checking Account: $5,437.21
- High-Yield Savings: $23,076.58
- Investments: $170,455.20 (+$172.82)
- Work 401(k):$96,910.15
- Roth IRA: $51,158.10
- HSA: $22,386.48
- Taxable Brokerage Accounts: $0.47
- Cryptocurrency: $16,416.67 (-$5,905.14)
- Bitcoin: 55%
- Ethereum: 45%
- Debt: ($12,583.59) (-$8,732.64)
- 0% APR Loan: ($10,229.08)
- Credit Card (0% APR): ($2,354.31)
There it is – the new net worth in all of it’s glory. To be frank, crypto has been an oversized hit on my net worth in the last few months – my total crypto balance is about $20k below its all-time high at one point.
However, I anticipated this being a possibility and will continue to hold my crypto holdings indefinitely. This is not for everybody though, and I don’t recommend this for everybody.
Soon, you can expect to see my net worth decrease in proportion to the debt remaining on our new house. I’m preparing for this “hit” in my overall net worth number, but I’m excited to be able to spend a lower monthly payment on a house than our current rent, build equity in an asset, and to have extra money to invest every month.
Thanks for reading, until next month!