Personal Situation

/Personal Situation

I started my personal finance blog, myjourneytomillions, to share my personal financial situation in an anonymous way.  Sometimes I will highlight things that are going on in my  life that are not financial in nature.  In addition, in this category I share all my net worth updates.

November 2018 Net Worth Update

Every month for the past few years I have calculated my net worth and shared the ups and downs with whoever would like to take a peak into see how I have done.  I truly believe that if more people actually did this monthly ritual our country's personal finances (as a whole) would be in a much better spot.  There is something therapeutic and scary about calculating your net worth, having to be accountable to even just yourself can do wonders for behavioral finance. My thoughts Before Calculating my Net Worth:  I usually have a feeling about how I have done the [...]

By |2018-11-01T10:14:15+00:00November 1st, 2018|Personal Situation|2 Comments

October 2018 Net Worth Update

Thoughts before I calculate my net worth: I usually have a feeling as to how I did with regard to my net worth.  I have a bad feeling about this month.  Spending was up again while variable income was down.  My variable income is what I use for all revolving debt.  The goal is usually to zero out most of the consumer debt monthly, but months like this can be frustrating! My Net Worth Calculation My Assets My assets are pretty simple: Emergency Fund – My goal is to keep an amount in cash that The Wife and I believe is needed for a real emergency amount rather than [...]

By |2018-11-01T09:05:19+00:00October 1st, 2018|Personal Situation|3 Comments

September 2018 Net Worth Update

I can't believe summer is coming to an end! With another month in the books it is time to update my net worth spreadsheet. Thoughts before I calculate my net worth: I usually have a feeling as to how I did with regard to my net worth.  I think this month is going to be an up month.  I don't think it is based on anything The Wife and I have done differently, rather, the market has been on a tear and my net worth is extremely correlated to the market. My Net Worth Calculation My Assets My assets are pretty simple: [...]

By |2018-09-02T10:40:14+00:00September 2nd, 2018|Personal Situation|0 Comments

Net Worth Update August 2018

With another month in the books I get the pleasure of updating my net worth spreadsheet and then sharing how I have done month over month and year to date. Thoughts before I calculate my net worth: I usually have a feeling as to how I did with regard to my net worth.  I think this month is going to be a down month.  We had a couple of unexpected bills (my dog passing was $800 on credit card that I just was not expecting), and just overall The Wife and I have been spending a lot with my online income decreasing [...]

By |2018-08-02T16:52:53+00:00August 2nd, 2018|Personal Situation|0 Comments

July 2018 Net Worth Update

Thoughts before I calculate my net worth: I usually have a feeling as to how I did with regard to my net worth.  I think this month is going to be a down month.  It felt like the spending just did not stop, so combine that with a down month over month market and I should have a rare negative month. My Net Worth Calculation My Assets My assets are pretty simple: Emergency Fund – It is a little less than where I would like it, but I don’t calculate it in terms of monthly expenditures.  Rather I think to myself how much cash [...]

By |2018-07-02T11:04:38+00:00July 2nd, 2018|Personal Situation|4 Comments