So March was an interesting month. I’ve been enjoying more of my photography hobby. I keep telling myself that I need to create magic in my daily routine otherwise it’s never going to happen.
Today I got my stimulus check in the mail from the United States Treasury. It’s not a huge amount at $1,400, but it definitely will be growing into a lot more over time. It also allowed me to make my final Roth IRA contribution for 2020, hitting the $6,000 max for the first time in my entire life.
Currently at 37 I have more invested than the average person in their 50s. Sure I don’t have the house but that shit is expensive relative to my income. Ideally I will be in a spot where my passive income allows me to buy the things I want. For example if I have $500k saved, buying a $30k slightly used 1-3 year old car really isn’t that big a deal. Or if I have $700k, buying a $200k house with a mortgage sounds pretty reasonable. I’m about a decade out from hitting that milestone assuming things stay fairly steady.
I made a 19.5% pre-tax return on my cryptocurrency holdings in 3 months. The amount of money invested was only a couple hundred so I’m not rolling in the dough. I do think crypto is crazy overvalued right now and there is a lot of uncertainty. I didn’t want to be the one left holding the bag so I sold it all. If it has a major dip I will consider buying again.
3/27/21
401K: $123,653 (including pending contributions)
Roth IRA: $12,484
M1 Acct $1,566
Crypto: $0
HSA $1,303
Total Investments: $139,006
2/28 Update:
401K: $117,738 (including my pending contribution)
Roth IRA: $10,239
M1 Acct: $1,452
Crypto: $181
HSA: $1,037
Total Investments $130,647
I still didn’t touch the emergency fund, nor am I including that or money in my checking account here.
That makes my net worth $8,359 or 6.4% higher than it was last month. March 2020 I only had a $50k net worth. 178% higher right now and yes it took lots of sacrifies but not too shabby. Still no debt and loving every moment of it. This might be sustainable if I don’t let consumerism get the best of me. The market is near record highs so there’s that too. Still expect things to crash and burn at some point like 2020. Just $6000 more on the Roth for 2021. $6k / 11 months = $545. $272 a paycheck, I got this.
I’m still thinking about other life priorities. Do I move or just do enough things outside the apartment with all the cash I’m saving including saving for something nicer. I know I sound like a broken record but 6+ years is a long time in one unit. Especially when you literally have never invited a single neighbor in the other 159 units to your apartment and the only person you really know in the zip code of 135k people you don’t get along with. Just keeping it real, after 5 tries it’s a lost cause.
Do I move when this lease is up? Do I wait until I hit some arbitrary number maybe $200k? $250k? What really would make me happy? All questions I find myself struggling to find answers for. I don’t have the energy or drinking capacity I had in my 20s and that makese me sad sometimes.
What are you doing with your stimulus check? How is 2021 treating you?
Debt Free Alpha 