The market plummet during the second half of August continued right through September, and it is looking like October will even be more of the same barring a second half turnaround. There really isn’t much positives to come out of this month, spending was a little high with vacation but nothing crazy. It really compounds when the market is doing as terribly as it is doing though.
September Liquid Net Worth:
I really thought that June would be the low point, but September has now absolutely topped that.
September Total Net Worth:
Big drop here too, with the home value estimate also contributing the decrease.
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.
$3612 average spending last 12 Months * 12 Months = $43,344 spending in a year
$282,037 net worth / $43,344 spending per year = 6.5 years’ worth of spending
Photo by Diane Theresa Hendrick on Unsplash
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