February Wrap Up & Networth Update

February, despite being a short month, was quite a productive one financially. The stock market was going up and up and up, which provided quite a nice bump in my networth.

For the new readers:
My Objective: $500k in networth by 1/1/17, $400k by 1/1/16. First kid by 1/1/18.

Well, despite being in a bit of a funk/depression this February, my bank account looks quite healthy. So healthy, in fact, that according to my bi-monthy networth report, I’m actually ahead of plan. This is extremely exciting to me as this is the first year I’m attempting to see a $100k increase in my annual networth. Being as I hope for a more flexible career when I have children, I have only a few more years to achieve my goal. Including my material assets (namely my car), my networth is now somewhere between $327k and $337k. My goal for 3/1/15 was $316k to be on track to $400k this year.

chart

Now, not every month is going to be so great in terms of stock growth, and likely my portfolio will see a correction soon. It’s just fun how the more money you save the more it can go up in a month when the market is also going up. Also, I’m fortunate to have a job and lifestyle that enables me to save, save, save. Well, I did go shopping last month and bought a few new items, but overall I feel good about the month in total. Makes up for a fairly flat January.

My focus is really on being exceptional in my work so I can maintain this level of growth without flatlining or seeing a decline this year. This year can really go any which way. I’m hopeful I’ll continue to have good news next month, and be well ahead of plan by mid year.

 

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2 comments

  1. Joy ( User Karma: 0 ) says:

    It isn’t fun to see the market heading south. I do my best to invest more when this is happening to try to keep my numbers up, esp if they’re dropping significantly. I try to not invest until I notice a dip and then I’ll buy more stock. It so far has balanced out.

  2. anonymous says:

    Since you get excited with increase in net worth, do you also get depressed if the market is heading south? Or do you just shrug it off.

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