The negative that I had in October was quickly reversed in November and I was able to complete erase that deficit while even building upon it. Spending was lower so I saw increases in my cash accounts, and the market ended November on a high note which boosted my gains there. The housing market in my area also continues to see appreciation in comparable sales, so the estimate for my house is still going up slowly.
November Liquid Net Worth:
I was able to eclipse even September’s net worth high point this month, with big gains in every single category. It was good to be able to replenish my cash accounts this month too, because saving and spending is something I can control – even if the markets are somewhat up and down.
November Total Net Worth:
There’s an outside chance I can hit my $700,000 goal in December if I have a similar result to this month. I don’t know how likely that is to happen, but it did end up being a realistic goal, even if it was a big stretch earlier in the year.
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.
$4361 average spending last 12 Months * 12 Months = $52,332 spending in a year
$477,866 net worth / $52,332 spending per year = 9.1 years’ worth of spending
Photo by Marek Piwnicki on Unsplash
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