July 2018: The Net Worth and Investments – Increase of over $60,000…
Sherry’s July 2018 Net Worth
Or an increase of…
+$66,541.84 or +8.96%
And everyone, this is why you budget and take care of your money like crazy and you invest it in the stock market (this is how I do it).
About 2/3 were purely stock market related.
My investments just shot up last month. I rechecked the numbers at least 3 times because I thought I was making a mistake somewhere.
This is what my net worth looks like from the last year:
Little Bun’s July 2018 Net Worth
Or an increase of…
+$1147.94 or +4%
This is how I invest his money in the stock market…. because Little Bun follows after his Mommy and once he gets old enough, I will explain to him and make him do some reading on how this all works.
I do not want him to be blindsided the way I was when I was getting out of $60,000 of debt using my budgeting tool.
Little Bun has KILLED it. He got about $200 from the government last month, the rest is pure investing gain.
DIVIDENDS FOR THE PREVIOUS MONTH
And now we come to my little mini Money Project – Dividend investing.
Over the past few months I have been slowly buying up some dividend stocks here and there, focusing mostly on how stable they are. I am willing to give up return for whether or not they will continue to be in business going forward.
This month, I got a payout similar to March (typically, dividends get paid every quarter).
The goal is to get about $3000 every quarter ($1000 per month on average) so that I slowly build that side income stream and have:
- My Day job – main source of income
- My blog* – secondary minor source of income but truth be told I shop with it 😛
- My dividends – true future tertiary source of income that I DO NOT shop with and therefore is super safe
*Yes, my blog income is shopping money because I get paid in USD, and I turn around and use that money to buy things off Poshmark via my friends in the U.S. (they re-ship things up to me), or off eBay.
New revised goal: $800,000 net worth
So my net worth went well this month.
I have almost reached my year-end goal of 3/4 of a million, so it is time to up the ante, so to speak, to try and reach at least $806,000 by the end of this year.
This would be an increase of about $200,000 from last year.
Last year, I ended it with $605,676.06 as my net worth.
This is what I have as my net worth over the years — you can see where I have worked and where I haven’t by the upticks or downturns:
Hope I can make it.
This would mean I would need about another $50,000 before the end of the year, also taking into account that I have to pay taxes still, and make my charitable contribution at the end of the year.
This is making me re-think the major purchases I want, like spending so much money on a piano or saving up for a future trip to Japan (this is still on the books).