Net Worth Update August 2016
Well, we continue to make progress on our journey to financial independence. I’ve got it in my head that I’m going to check out of the working world in 5 more years. This month’s update to our net worth gives me confidence we just might be able to pull it off.
Here’s where we are at for August 2016:
Net Worth: $1,220,637
Overall we had roughly an $18,000 increase from July. Since I didn’t do a full post in July when I updated the side bar, I think it was actually higher than an $18K gain because I did do the July update later in the month. (I can’t remember when exactly).
When I look back at the June numbers, we saw an increase of over $42,000 over the last two months. I’m very happy with those figures. I’m going to try to be more consistent going forward to make sure I update the numbers right around the first of the month.
The major areas of gains for us were in our investment and retirement accounts. I haven’t been paying attention too much to the market but I think we had a bit of an uptick lately huh? Always happy to see that, although I still think we are going to see a correction sooner than later. Time will tell. (I’ve always been more of a sky is falling kind of guy). We also booked a small increase in our home values, although that was only $5000 and I think we are still being pretty conservative on our home’s worth.
This stage of saving and investing is proving to be as boring as you might expect. Once you have everything on autopilot, there really isn’t a ton to do each month when it comes to your finances. Updating our net worth once a month is about as exciting as it gets.