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.