First off, let me apologize for the lack of new content in November. I was away for a bit and just personal stuff happened. New content on time value of money and delving more into options will be coming.
So, here is the current update on my net worth. The last time I did one of these was when I hit the 7 digit club on October 4th. That made for a great birthday eve and even got featured front and center or RockStar Finance. I was even contacted by the guys at MillionairesUnveiled.com and got to do a podcast with them and talk money and investing. I’ll let you know when it’s released, but in the meantime you should check out their site and listen to some episodes. Good stuff (I wasn’t even paid to say that).
So lets get straight to the chase…
For any new readers, my net worth is pretty straight forward. I have absolutely no debt, that includes mortgages, cars, or student loans. Zilch. Unlike others, I don’t factor in the value of my home, cars, or any other shit laying around the pad. So my net worth purely consist of financial assets.
As of November 30th, my net worth sits at $1,036,458.62. So, exactly 57 days after hitting the millionaire club, by net has increased by $34,354.88 or 3.42%. So far for the year, my net has increased by 19.20% and I have been able to grow my net worth by an average of 32.28% per year since 1999. The growth is accelerating even faster than my mind can grasp.
For those new readers, the spreadsheet is pretty straightforward. It shows my accounts and the history of my net worth since 1999. Most of my investments are in stocks. Buy and hold is my preferred investing style. What isn’t in the market is the little cash that sits in the bank.
My personal goal is to grow my net worth by $100,000 per year, which now equates to less than 10% increase per year, and would like to hit my second million in 7 to 8 years. That would put me at age 45 to 46.
In late June/early July 2018, I will make another go at early retirement. I have started training for my first full Ironman Tri and that will be my focus for the next year (plus let’s be honest- going back to work has been pretty boring and not too fulfilling). After the triathlon, the plan is to hit the road for a while and see a bunch of national parks.
I challenge new readers to come up with at least 2 spreadsheets. One that tracks your budget or expenses and a second that tracks your net worth over time. You’d be amazed how motivating it can be to get you on the right direction. For some of my templates, feel free to download these spreadsheets and customize to your needs. They worked for me 🙂
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