We’re finally making some progress again, this was welcome news when I went to calculate all of this in May. This was to be expected based on the net worth increase in April, but it’s always nice when the numbers are able to confirm it. The temporary lower expenses may have boosted my retirement estimation target the past few months, but now I know that my net worth will be the contributing factor.
It’s been a long several months, seems like I’ve been in and out and visiting hospitals more than I’ve been at home. And while you may not have seen any actual blog post updates, I have been doing my best to keep track of all the numbers in the background with plans to release the posts with updates. April was a great month for me, receiving a bonus at work and boosting my net worth to the highest level after a few months of flat and little to no progress. Obviously my savings continued at the same pace, but the market was just not cooperating. This was a reversal of that trend!
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.