Crossing the $250K Mark in Net Worth

This is turning out to be an exceptionally exciting month. First, I made a purchase of 70 Shares of TGT adding $173.00 to my yearly dividend income. This is my first purchase since July.  Secondly, for the first time ever, I crossed the $250,000 mark in net worth! That is a quarter million dollars! Net worth is defined as the amount by which assets exceed liabilities. I have no liabilities. No mortgages, no student loans, and I don’t even own a credit card (never have). So my liabilities are $0. Everything saved up is gain!

At age 30, my net worth is slightly over $250,000. This is the first time I ever cracked the 250K threshold. As of this blog post, the value of my portfolio was over $141,000, my bank accounts (checking and savings) stood at a little over $9,400, and the value of my co-op apartment stood at $99,904 (according to Zestimate). All added up to slightly over $250K in net worth. This is the financial power of saving money, dividend investing, and experiencing the snowball growing bigger over time!

I am currently using Personal Capital to monitor my net worth, track income and expenses, and keep track of my portfolio. It is fascinating to see how my wealth increases over time. First floating in the $230k’s, then eventually cracking the $240k mark, and finally moving upwards to crack the $250k mark over the past year. Of course, the stock market fluctuates and it is certainly possible for a stock I own to decline pushing me under the $250k again. But overall, I would say my finances are moving in the right general direction: upward. Slowly but surely, and steadily.

This is a financial journey that began in the worst possible way… But I am hoping to turn tragedy into triumph. I am working to take the lemons life gave me and turn it into lemonade. I am happy to have crossed this milestone and look forward to the future. The snowball is very real. Saving and investing works! Thanks for reading.

24 Comments

  1. Mr. Robot

    Congratulations on this milestone! Now keep grinding and buying and I’m very excited what your net worth next year around this period will be…

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Mr. Robot! Yes, it will be interesting to track my net worth each year. 🙂

      Reply
  2. Mr. ATM

    250K net worth is a big milestone. Congratulations!

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Mr. ATM! 🙂

      Reply
  3. Dividend Portfolio

    That’s a significant milestone, especially for your age. Congrats dynasty. You are on your way to building a huge dynasty.

    Reply
  4. My Dividend Dynasty (Post author)

    Hey DP! Yes, that is the plan. 😀 Thanks for your comment! 🙂

    Reply
  5. Engineering Dividends

    Awesome progress, MDD!… and especially so considering you are only 30. Many people start into an accumulation phase in their 30s… buying houses & cars. But, you’ve already got a place to call home that’s paid for, and don’t need to worry about a car to get around in daily life due to your location relative to work, stores, etc. Being able to avoid debt at this time should be a great catalyst to your net worth growth. Keep up the terrific work.

    Reply
    1. My Dividend Dynasty (Post author)

      Hi Engineering Dividends! Yes, yes and yes!!! Those are all the good points that I have going for me right now in growing my wealth. The combination of those are the springboard to greater net worth. Thanks for your comment! 😀

      Reply
  6. Dividend Diplomats

    Dynasty,

    Boom, there we go. Save, invest, save invest, save, invest, repeat. Keep the engine moving and building that dynasty, $300K in sights!

    -Lanny

    Reply
  7. My Dividend Dynasty (Post author)

    Hi Lanny! Yes, you are 110% right! Save, invest, repeat! Thanks for your comment! 😀

    Reply
  8. Damn Millennial

    Congrats that is a big milestone! Thanks for sharing with everyone, what is your goal for when to get to 500k?

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks DM! Thats a good question. I am hoping to come close to $300K in two years time. I guess I am taking it one step at a time lol. Thanks for stopping by! 🙂

      Reply
  9. DividendSolutions

    Hey MDD,

    Congrats!! – 250k is definitely a great milestone. And a portfolio of 141000$ generates a solid stream of dividend income. If you keep a pace like that, you’ll reach your next milestone sooner than later!

    Target was your first purchase since July? You have been patient:-)… only a few weeks back i purchased Roche, PEP and Welltower. And my recent buy is Royal Dutch Shell (the blog post will be out soon)

    Keep it up!
    DividendSolutions

    Reply
  10. My Dividend Dynasty (Post author)

    Hi Dividend Solutions! One thing about dividend investings is that I learned the art of patience over the years lol. Looks like you made some nice purchases as well. Congrats! 🙂

    Reply
  11. Dividend Seedling

    MDD,

    30 years old with a 250k net worth and no liabilities. You have a lot to be proud of congratulations. I was nowhere near this at 30. Not even now at 38. Congrats!

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Seedling! 🙂

      Reply
  12. JC

    Awesome stuff DD! $250k is a great milestone and what’s even better is that the liabilities side of your balance sheet is $0. We’ve got a ways to go to get back to $0 primarily due to our mortgage but we’re working on it. We also crossed a bit milestone at the end of September and moved over $500k. It’s been a long time coming with setbacks along the way but the key is to just remain focused and committed to your plan to consistently save and invest.

    Reply
    1. My Dividend Dynasty (Post author)

      Hi JC. Congrats on crossing the $500K mark! That is awesome! You are right, staying focused and consistent is essential. Thanks for your comment! 🙂

      Reply
  13. Div.Income

    Congrats on reaching that number at your age, that’s really impressive!

    I am still far away of reaching that number.

    Keep up the good work!

    Reply
  14. My Dividend Dynasty (Post author)

    Hi Div.Income! I’m sure you will reach that number eventually. 🙂 Keep saving and investing, it works! Thanks for your comment! 🙂

    Reply
  15. Collecting Dividends

    Congrats on hitting 1/4 mil! That is a massive accomplishment! It’s even more amazing that you have no debt whatsoever, which is amazing in today’s world.

    Hope you have a strong finish for 2017!

    -CD

    Reply
    1. My Dividend Dynasty (Post author)

      Hi CD! Yeah, having no debt has certainly been a boost to the my savings. Thanks so much for your comment. 🙂

      Reply
  16. Dividend Daze

    Congrats! All kinds of milestones from you this year. That is amazing keep up the great work. I know of very few people that can say they have zero liabilities. I hear the first 100k is the hardest and you are already way past that. Can only go up from here.

    Reply
  17. My Dividend Dynasty (Post author)

    Thanks Daze! 😀

    Reply

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