March turned out to be a very solid month, with my liquid net worth almost reaching the all-time high of December. While the market itself rebounded this month, it was still lower than that same peak back in December. Spending was unfortunately much higher, as I had an uninvited guest break into the attic – a squirrel. Luckily the escape tube that the pest control put in worked, but there was also some expenses that had to be paid for repairs as well.
March Liquid Net Worth:
If I didn’t have the increased expenses this month, I probably would have broken December’s record. Instead, I’ll come up just short but an $8000+ increase is nothing to scoff at!
March Total Net Worth:
My retirement accounts and home loan kept this trending in the right direction this 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.
$3219 average spending last 12 Months * 12 Months = $38,628 spending in a year
$324,474 net worth / $38,124 spending per year = 8.51 years’ worth of spending
Photo by Thilak Mohan on Unsplash
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