Better late than never…. right?
This month saw an exciting opportunity for bloggers to join in on the Win at money’s net worth community.
Our Net Worth Community has grown by 2 net worth trackers.
Thank you to all the new members that have joined this month.
July was also the first time since starting the blog that I was required to work out of internet range for a whole month. Posting articles to win at money was hard however I did manage to get a couple of posts out to you guys.
Now to get stuck into it!
Cash $14,325.64 (+$3209.80) – On track 🙂
I would like to say that this increase was solely due to being thrifty but it’s not.
We lodged our tax returns and managed to get about $1200 back from tax which meant that some of the money remains as surplus cash that was moved to our emergency fund account.
Shares $12577.88 (+$1452.22) –
The month of July saw shares bounce back from the #brexit scare.
We have made back the loss from June and more.
There is still fear in the market around #brexit however it is important that people don’t get caught up in the fear of investing because of it.
Making educated investments in companies with a proven track record will see you prosper.
Acorns $106.45 (+$43.36) – 2nd full month
Acorns is increasing slowly. We have not really noticed it taking little chunks of money from our account.
I can still see that Acorns could be a great tool from people looking to save without thinking.
However, I was disappointed to notice a “Management Fee” of $1.25 deducted from my account.
The total increase since stating is $3.76 minus a management fee of $1.25 equals $2.51.
I have said it before Acorns will not get me rich but is a nice little savings avenue.
Retirement $335,876.23 (+$13,862.13) – $-)
The #brexit bounce back has been great for our retirement fund.
Our retirement fund is a lot more diversified than our normal share portfolio and has more money invested. This is a really great result…. I hope there are many more months like it 😉 .
House Value $545,513 (+$5398) – Sales
There have been a few sales in the area along with an announcement of a new shopping plaza due to finish mid 2017.
It will be interesting to see how this affects my property value in the future.
Mortgage $459,519.44 (-$3894) – Primary Focus
We were lucky to receive an interest rate drop of .10% which although isn’t a huge saving will still help us achieve our financial independence goal.
Financial Independence Goal April 2025
At the end of July 2016 our financial independence plan has our projected debt at $458,977.
In order to stay on track to become debt free our total debt must be below $458,977.
The result is $458,347.69! so we are on track for our financial independence day goal of April 2025!!
All said and done my net worth increased by $16,181.86
we are dancing baby!
Our total net worth is $450,386.41 for July 2016.
You can check out my previous months here.
$500,000 here we come!
Action Plan – Get back our emergency fund by the end of September 2016 and roll with the punches.
I hope all your net worth results went well as well 🙂
How did you all go in July with your net worth? Are you reaching your goals?
Win at money with me,