June led to another solid month for me, so it looks like this is the start of another positive net worth streak. Once again healthcare costs were some of my highest expenses and it looks like it will stay that way for the near future. I’ve also been going back to school, so there are some class related expenses there. My employer covers 50% of the cost, but I have to wait for reimbursement after the fact and I’m still on the hook for the other 50% of the cost. I do think it’s worth the investment in myself though! As far as the market is concerned, June had gains across the board.
June Liquid Net Worth:
As I said in the introduction to this post, that makes two months in a row on the positive side of things, erasing the trend from April.
June Total Net Worth:
I’m slightly under pace for my yearly goal, but there is hope again that I can make it there. I’m a little doubtful with the way cashflow is going, but a strong market rally could get me there.
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.
$4253 average spending last 12 Months * 12 Months = $51,036 spending in a year
$436,170 net worth / $51,036 spending per year = 8.5 years’ worth of spending
Photo by Graham Holtshausen on Unsplash
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