Net Worth Update – February 2023

February slowed the momentum down a bit that I had kicked the year off with, but I did end up with a positive outcome on paper. My cash accounts continue their rebound towards the positive side of things, but invesments were what dragged everything down this month.

February Liquid Net Worth:

No big expenses this month allowed me to start building my cash accounts back up which was nice to see. I’ll keep focusing on what I can control and hope that the market rewards my saving habits.

February Total Net Worth:

You can see that between my home value and my cash accounts, I was able to overcome the lull in the market to come out with a positive net worth for the month.

So let’s see how far my assets would take me at this point. I will calculate that using my average spending over the last 12 months. I’ll multiply that result by 12 months to get the total spending for the year, and then divide my liquid net worth by that amount. That’s how long I’d be able to live off my savings at that point in time.

$3777 average spending last 12 Months * 12 Months = $45,324 spending in a year

$317,459 net worth / $45,324 spending per year = 7.0 years’ worth of spending

Photo by Michiel Annaert on Unsplash

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