Net Worth Update: October 2014

Ahhh, the easiest post of the month: the Net Worth update. Come in for a quickie!


Rather than listening to me go on and on about net worth, here are some other bloggers kicking ass with some great articles on net worth:

Jay over at Thinking Wealthy discusses The Above Average Net Worth for Millennials.

NMW over at No More Waffles explains his insanely high net savings rate.

Liquid checks in for the month with an update on his financials – would you believe he has over $800K in assets before the age of 30?

The Frugalwoods reveal the minds that go behind a frugal expenditures, frugal style.

The PoPs have their income statement for all you weirdos to forensically examine.

Financial Samurai confirms what we’ve all been suspecting for awhile: $3 million is the new $1 million.

Now, if you’re attention span has lasted enough to continue reading right here, I’ll give you a quick update on our net worth growth for October 2014.


Assets: $97,636

 

Liabilities: $0


Net Worth:Β $97,636


Now, for the love of graphs, here is one tracking net worth:

Financials Net Worth Oct 2014

Fixed Income

Not much going on here except the same old same old. Lots of dry powder waiting to be deployed.

Equities

Hey, would you look at that? The markets bounced right back. There sure was a lot of outstanding financial pornography going on in October 2014! Here are where the equities are at as of the beginning of this month:

Financials Equities

The gains above reflect net gains after costs such as trading fees and foreign exchange.

Conclusion

I think if I could figure out my career dilemma, learn to successfully makeΒ it as a daytime options trader, and unlockΒ the secret sauce to rock star blogging, I would grow my net worth even faster.

Alas, I’ll have to stick with the pace I’ve got until I figureΒ all those things out.

Well, thanks for snooping in again for this month – hope y’all had fun!

29 thoughts on “Net Worth Update: October 2014

    1. Getting there, will be a nice mental barrier to break through. I honestly can’t really believe we are at this level of net worth from a year ago. Grinding and saving hard have their benefits for sure!

  1. Excellent progress, so very close to the 6 figure net worth. I just recently became a BRK.B shareholder as well. So happy to finally own some BRK.B shares.

    1. Hehe will you be going to the annual conference? You should cause we will be going! It would be awesome to meet up with a fellow local blogger in Omaha πŸ˜€

      Actually, I guess since we both live in the same province, we could always just meet up locally too πŸ˜‰ Wanna join some of us local bloggers for a poker night this month?

  2. Nice upward move. Congrats on the progress.

    I just started following your blog a couple of days…looks good, theres a bunch of posts Ive bookmarked to read.

    cheers
    R2R

    1. Yes a combination. She actually is the rockstar in this net worth number as I was dragging down our net worth with my student loan debt for the past ~2ish years πŸ˜›

  3. Thanks for the shout out. πŸ™‚ Ever since you paid off your student loans your net worth has been performing really well. With no more expenses on interest payments you are growing your savings faster than ever.

    1. I’m actually still not convinced with the net worth growth as I was conditioned to 2.5 years of aggressive debt repayment – I’m just used to thinking that there is no money to save or invest rather than knowing that I am every paycheque.

      It’s a weird psychological mental trap I am in and will definitely flesh it out in my student loan post that I will eventually write.

    1. Haha I honestly think it’s because October had an abnormal amount of pay periods for us! I don’t think it will be quite as much in November πŸ˜‰

  4. Nice job, you are almost at the six figure mark for your networth! πŸ™‚ It seems like we all want to move at a faster pace when it comes to our financials, but it looks like you are making good progress at the pace you are moving right now.

    1. I had to go back and look at the numbers because I still have a hard time believing that net worth is up so much from August 2013. Looking back to August 2013, I had $30k in student loan debt left to pay off, so that combined with savings the numbers do make sense… but they still don’t make sense to me in a paradoxical way. I guess I’m still suffered from PTDRS (Post Traumatic Debt Repayment Syndrome) πŸ˜›

  5. Thanks for sharing your recent net worth update with us. Hitting 6 figures an y day now. Always nice changing a “zip code.” Keep that dry powder ready for the inevitable correction. When that will occur, who knows. But you’ll be happy you have it when others will be scrambling to raise cash.

    1. We’re hoping we can have enough saved and set aside for a potential downpayment in the future and a separate pile for investments. Most of the net worth currently is in the fixed income bracket currently earmarked for a potential downpayment for a home in the future. I think I much prefer having liquid cash and investments vs owning a home and having little liquid cash and investments πŸ˜›

  6. Almost $100k, pal! Next month I hope to read you get there!

    Also, your net worth is growing extremely fast, well done. If you keep this up you’ll be FI before you know it.

    Thanks for including my savings rate, much appreciated. I’ve seen quite the influx of readers from your blog lately. It seems you’re becoming quite popular!

    Keep it up,
    NMW

    1. Haha my little ol’blog here sending YOU traffic??? I find that hard to believe πŸ˜‰

      October was definitely a bit of an anomaly month in terms of number of pay periods – I don’t believe November will see such a big increase. Plus we made a larger electronic purchase this month so that’ll definitely make sure the net worth growth isn’t as big next month – but $100k definitely seems in sight!

      You must have gotten busy cause I haven’t seen you around the internetz too much the past few weeks – were you holed up reading Fooled by Randomness 24/7 πŸ˜‰

  7. Hey real nice looking net worth there. I had a rough time in October even with the extra pay check. I’m looking forward to tracking this along with a handful of others i have subscribed too.

    Once you get into that house you will see your net worth start to skyrocket and by the look of it, having regular payments is nothing that you guys aren’t used to.

    Jeff

    1. Hope it helps with your net worth tracking. I know having followed some other bloggers for a while was inspiring to get mine tracked on a regular basis. I only wish I started sooner so I could have an even more precise look at how net worth has grown over time!

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