I always like to put things in context with my life when providing a net worth update. Some notable items:
- Today marks 8 years since starting my investment portfolio began with my first job to break the $50k level. It definitely wasn’t easy to start adding funds a 401k when I was still saddled with approximately $40k of student loan debt. The 100% match on up to the first 5% of my income was too good of a deal to turn down. Then I started thinking about how much I was paying in taxes.
- High School graduation was 20 years ago. I keep in touch with a select few, celebrating their milestones from afar but with life and distance comes losing touch with people.
- I’ve had a series of mid-life crises the last couple of months. Between annoying health issues, a temporary lull in my social life, being super introspective about life. I wanted to see family in New York after having not seen them since November 2018. I wasn’t forceful about needing to see them but still to see my parents buy a $40k truck plus a $13k trailer… but still not have the Covid-19 vaccine and not be receptive to me traveling to see them. We’re talking almost 1000 days. That kinda hurt.
- A friend I lost touch with over the last few years has his home listed for sale. The price is about $400k and he paid $255k for it. I know the housing market is starting to slow down bit, but am pretty confident he will get close to his asking price if not slightly above it. I literally have no idea where he is moving to. Not sure if he’s Is he sticking to the area, is he going to London. I think he’s single again, last time he started dating he kinda disappeared. I should stop caring so much since we haven’t seen each other in 3 years after kinda seeing each other monthly for almost 7. That’s how life is though, he was always swamped with work.
- I have a week of vacation coming up after 4th of July and literally have made no plans to go anywhere. Every place I’ve looked at that is dog friendly has been super expensive. Kinda frustrating, but I also don’t want to pay $250+ a night for something that is the equivalent of a Motel 6 or other dumpy motel. Prices go crazy around this time of year, especially with more and more people wanting to travel now that quarantine is lifted.
- Dating has been formidable to put it mildly. I wrote a few paragraphs on this topic but ended up deleting it. Have to focus on the areas I have control over…
- I am recovering from a skin infection on my foot. On 2nd round antibiotics, it’s annoying as hell during the summertime. Hopefully everything I’m doing to help recover is going to pay off quickly. My next visit is in a week, really hoping it’s the last one….
- I’ve been in Texas for a decade. I never thought I was going to stay here that long. I still question if I’m making the right choices. The cost of housing here is spiking with all the influx of residents from other states. What will the “next” Texas be? Nevada, Florida perhaps?
- I dropped $900 on a vrbo with friends for a week in hot Seattle. I still need to book the flight which I plan to do later this week and am praying doesn’t get cancelled.
6/28/21
401K $139,579
Roth IRA $14,842
M1 Acct $2,283
Crypto $400
HSA $2,120
Total Investments: $159,225
5/22/21
401K: $132,481
Roth IRA: $14,276
M1 Acct $1,860
Crypto: $466
HSA $1,856
Total Investments: $150,939
I don’t quite have June 2020 numbers, so just going to roll with May
401k: $69,924.08
Roth IRA: $4,228.39
HSA: $770.42
M1: $144.88
May 2020 Total Retirement: $75,068
Month-Over-Month: Net Worth is up $8,286 or 5.4%.
Year-Over-Year my Net worth has increased by $84,157 or 212%.
On one hand I have the highest net worth of my entire life and think my high savings / investment rate will make things a lot easier in my 50s and 60s. In fact being 12 years away from age 50 I’ve basically reached the average 401k balance of someone in that age bracket already. This is without owning a home. What I have saved now is easily 5x the amount my parents had at this age. The market is up right now and I didn’t have the cash to make my usual Roth IRA contribution. Next paycheck I think I can afford to go back to the plan.
I had a chat with my stepdad over the weekend. The house his father bought in 1960 was $14,900. In terms of today’s dollars that is $135,507. However realistically that home now 61 years later would now sell on the market closer to $500k with some partial renovations.
I’m going to loosen up my savings a little bit starting with the HSA. Instead of $270/mo I’m dropping it to $50/mo. In a way that will be like giving myself a raise. I haven’t decided exactly what I’m doing with the $220/mo difference. I can think of some responsible options and some less responsible but more fun options as well.
Update – I got invited to a 4th of July party and also have friends visiting from Boston. Super glad to get some more personal interaction. I think I start sounding nutty after I go many days without seeing people. Hope you all have a great 4th of July and stay safe.