Welcome to my first Net Worth update on my journey to reach FIRE. I will post these Net Worth updates periodically to show my progress throughout the months to come.
It’s almost the end of the year and I’ve essentially hit all my financial goals this year.
History throughout the years starting in 2014:
Ally Checking: $1,724.15
Ally Savings: $30,495.55
Chase Checking: $1,500
Company 401k: $81,739.49
Company Pension: $9106.10
HSA Investments: $1,078.63
Vanguard Brokerage: $3,398.52
Vanguard Roth IRA: $37,129.40
Credit Cards: -$3,333.33
Crypto Assets: $580,000
Total Net Worth: $745,338.74
Savings: Have more than 6 months of savings readily accessible. I will transfer $5,500 into my Roth IRA on 1/1/2018.
401k: I will have maxed this out when I receive my last paycheck for the year.
Roth IRA: Already maxed out my contributions on the first day of 2017.
HSA: I will have maxed this out when I receive my last paycheck for the year.
Credit Cards: Pretty high this month as my car needed new tires which set me back $1,143.06. I also bought myself a new Lenovo X1 Carbon 5th Gen Laptop ($1,744.51) among a few other miscellaneous charges.
Crypto: It’s been a good few weeks for my altfolio. Bitcoin, Ethereum and Litecoins have reached all new highs! Tomorrow CBOE is going to start allowing derivatives trading for Bitcoin. I should probably realize some gains to lock them in before the end of the tax year. I should also probably hire an accountant since taxes for 2017 will be a bit complicated