Net Worth Update – March 2023

It’s been an up and down last few months, and March sends me back on the upward trajectory once again. I received a large bonus at work, and I was able to cut spending back down. The opposite happened this year with my taxes as well, I received quite a large refund. It’s been a juggling act between the last two years, going from owing extra to getting a large refund. Ideally I’d rather end up somewhere in the middle but a refund is better than owing in my opinion.

March Liquid Net Worth:

I continued to build my cash accounts back up this month, but also got a little help from the market this month which led to the overall increase.

March Total Net Worth:

All around increases this month, from my cash and retirement accounts along with my home. I’ve been able to hit another all-time high in net worth as well!

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.

$3787 average spending last 12 Months * 12 Months = $45,444 spending in a year

$325,770 net worth / $45,444 spending per year = 7.2 years’ worth of spending

Photo by Andrey Savelev on Unsplash

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