Friday, April 1, 2016

March 2016 Net Worth Update

March was another great month for building net worth here in the DIY$ household. Thanks largely to growth in the stock market, our net worth climbed another ~$17k to $539,890.
We didn't get any big bonuses this month but my raise at work kicked in which added about $500 to our monthly income without any change to our monthly expenses. This month was actually a pretty expensive one for us. We paid out about $5,000 in medical expenses and charitable contributions, and had a quick (cheap) trip to the beach. We also made a near double mortgage payment which boosted the amount of home equity included in our net worth. We have always paid extra on our mortgage, but paid even more extra this month since we had the cash and hate paying so much in interest.
It felt a bit crazy to set a lofty goal for growing our 2016 net worth, especially when the market started to tank right after I posted it, but it now feels like we're more on track to reach that goal. A lot of reaching the goal really will depend on market movement so if we don't quite get to $600k by year end, I'll still consider it a win if we save or invest at least as much as we set out to do at the beginning of the year. So far in the first three months of the year, we're up $30,000, and up almost $100k from the end of 2014.
As you can see, we've come a long way, and it's nice to track to keep things in perspective. I was reflecting recently that it was just a few years ago when I would track my investment accounts and get excited or sick to my stomach if they went up or down by $100. As our investments have grown, so has my comfort with market movement and the magnitude of the swings we've seen. Even though our net worth has been increasing, there are frequently days when our investments will fluctuate by several thousand dollars. I have comfort though knowing the investments all still have a long time horizon and that we are very diversified.

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