There’s not too much to report once again this month, with my net worth remaining flat. Probably the only variable that has really changed is the fact that I’ve increased my savings rate by bumping up my 401k contribution rate by another percent. I still feel like money has been accumulating in my checking account, and I’d rather be putting that excess into the market where it will hopefully be earning money. When money is just sitting in my checking account I know it won’t be doing anything!
Time for my monthly update on my net worth. I’m hoping for warmer weather to start to arrive after what feels like a long winter, even if it may have not been bitter cold. I’m ready to get outside and start doing things! I’m sure everyone in the personal finance blogosphere has been paying attention closely to this “trade war” and the resulting effects that it is having on the market. I’m just hoping that these tariffs don’t have too many unforeseen consequences that send us into a recession, and hoping that reasonable heads can prevail.
I’m not expecting too much from this analysis for March with the fact that my net worth actually decreased in February. But I do think it’s important to keep doing this to see the long-term trends and flat areas, like over the past three months. As long as I continue to save the same percentage of my income, the market should return at a positive rate over a longer time period. Obviously these things are not guaranteed, but growth is necessary for an early retirement.
It’s time for another net worth update, the February edition. After a brief warm up, it seems we’ve been in for an endless winter here in the Northeast, with nothing really changing and snowstorm after snowstorm. Possibly a good comparison to the current market situation as well? This month will be a first for me, but you’ll have to continue to read below to see exactly what that first was.
I’m continuing the trend to track my progress into early retirement, even if I am a little late with this post this month! The numbers were all calculated ahead of time, I just had to find time to write the actual post. Net worth growth was slow in January so I felt like that would slow progress when it came to early retirement, but it seems like I’m still moving in the correct direction even with the mostly flat progress. Spending has been trending down lately, but I expect that to rise like I had mentioned in a previous post. I do love putting a date to everything, as that gives me a tangible goal to work towards – even if it just an estimation at this point.