Net Worth Update – June 2023

June now makes four months in a row with an overall net worth increase. I was actually expecting a flat or down month based on my spending, but the market had a really solid month. You can see that all of my investment accounts drove the increases and were plenty to offset the down month for my checking and savings accounts.

June Liquid Net Worth:

It was an expensive month from a cash accounts perspective, but a majority of those expenses were related to vacations planned for later in the year. To me those expenses are worth it, and I plan on bringing my savings back up in the coming months.

June Total Net Worth:

Another month of increases, with the majority of that coming from my retirement accounts.

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.

$3896 average spending last 12 Months * 12 Months = $46,752 spending in a year

$354,761 net worth / $46,752 spending per year = 7.6 years’ worth of spending

Photo by Peyman Shojaei on Unsplash

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