Net Worth Update – June 2022

I was thinking that May might be the low point, but my net worth continues to plummet in the wrong direction. The market is down huge and my spending increased this month, causing a double whammy. I doubt my cash accounts being positive would have changed much, but it does hurt seeing this big of a decrease. I just keep reminding myself that these investments are for the long haul and over a long time period

June Liquid Net Worth:

I thought last month was bad, but this takes the crown! I’m down almost $20,000 this month and hoping this starts to reverse in the second half of the year.

June Total Net Worth:

My estimated home value keeps increasing with this crazy housing market, but overall I’m still negative for June.

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.

$3395 average spending last 12 Months * 12 Months = $40,740 spending in a year

$298,076 net worth / $40,740 spending per year = 7.3 years’ worth of spending

Photo by Wolfgang Hasselmann on Unsplash

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