November now makes the second month in a row that I am back into positive territory, which is nice to say after how poorly August and September had gone. Spending was back to normal, though cash accounts are lower as I put a majority of my spending on credit cards to earn the rewards which causes a bit of a lag. The market is moving back in the right direction for now, so that helps all of my investment accounst make solid gains.
November Liquid Net Worth:
Really big gains across all of my investment and retirement accounts as I said earlier, with a slight drop in my cash accounts. A solid month all around.
November Total Net Worth:
I’m not quite at the peak of my net worth that I had back in July, but much closer to that point then I have been the past few months. I’m not quite sure why the home value estimate dropped, but to keep it consistent I’ll just be using the same one.
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.
$3697 average spending last 12 Months * 12 Months = $44,364 spending in a year
$308,020 net worth / $44,364 spending per year = 6.9 years’ worth of spending