FINANCE YO SELF

Tag: net worth

Money Update – June 2017

[Almost!] Every month I’ll post an update on my finances from the last month, with a focus on increasing income, spending less, and maintaining a high savings rate.  You can see previous updates here.

Results – June 2017/Half way through 2017

2017 is half over.  Here’s what the cat dragged in:

2017 Savings Rate:  

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Three Numbers That Build Wealth

Do you want to be Rich, or do you want to be Wealthy?

I personally never thought about the difference between the two until recently, when I saw this quote from Robert Kiyosaki (author of Rich Dad, Poor Dad):

“Many people think that being rich and being wealthy are the same thing,” said rich

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Pay Down Debt vs. Invest? I’m Split!

Literally!

The general assumption in investing is that the stock market returns around 7% a year on average.  Some years are better, some worse, with some variance due to fees and investment choices.  And so it goes that if you have debts with interest rates anywhere between say 3-6% (typically a mortgage or student loans), … read more

2016 Spending Review (and My 1st Full Year of Budgeting)

Despite being obsessed with all things personal finance for the last couple of years, 2016 was the first time I tracked my spending for an ENTIRE YEAR!  On a related note, I also made bigger gains in my net worth than any other year.  Coincidence?  I think not.

How I Feel About Budgets

As I’ve … read more

The One Where I Post My Net Worth

A couple years ago I downloaded the app Mint, synced my accounts and was presented with a rather depressing number:

-$43,000

That’s not the exact number but a pretty close estimate.  I was in my mid twenties, had a job making $36,000 a year, had just bought a newish car, and still had around $50,000 … read more

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