Time for another net worth update! This is the 6th update in my series, so let’s look how far I’ve grown my net worth in September!
On Net Worth Update #5 for August, I had a net worth of $15,071.98, which is an increase of $3,644.76, or a 31.90% growth from July.
September hasn’t been nice to me and you’ll know why when I explain my numbers later.
All numbers here are logged in as of September 30 at 5pm. As always, to make things simpler in my blog, I’m going to do bullet points and quick summaries so that there’s no need to read.
My Assets (Cash & Savings)
CASH Details: I have 3 accounts that I consider my checkings account.
| Checkings | Bank Name | Amount |
|---|---|---|
| Account #1 | Wells Fargo | $302.50 |
| Account #2 | Chase | $1,531.92 |
| Account #3 | PayPal | $1,120.37 |
SAVINGS Details: I have 4 High-Yield Savings Accounts.
| Savings | Bank Name | Amount |
|---|---|---|
| Tax Purposes | Ally Bank | $9,176.69 |
| Personal Savings #1 | Ally Bank | $2,699.81 |
| Personal Savings #2 | Yotta | $2,014.29 |
| Personal Savings #3 | WealthFront | $501.09 |
SUMMARY:
My PayPal account also declined because I had to send $1150 to mom my in the Philippines to help one of her businesses out. I wanted to make sure that I wouldn’t use use my emergency savings for this, so I chose to take the money out from my PayPal account.
While it was a big amount, I considered it as an investment that would return something in the next months to come.
As for my savings, I was able to get back on track by adding my biggest tax money into Ally Bank. I’m consistent with adding $100 every month to both of my personal savings account at Ally and Yotta. And WealthFront has seen a reduction because I took out $350 for my plane ticket.
There is still $300 left in my WealthFront allocated to the travel, but I will be using my Wells Fargo checkings account during our travel. That way, I can simply track my expenses and organize the numbers. And whatever is left over, I’ll funnel it to my emergency fund.
My Assets (Investments)
INVESTMENT Details: I have 6 investment accounts: 3 money market accounts & 3 cryptocurrency accounts.
| Platform | Type | Amount |
|---|---|---|
| WeBull | Stock | $7,149.19 |
| TDAmeritrade | Roth IRA/Stock | $1,363.01 |
| Coinbase | Cryptocurrency | $1,127.41 |
| BlockFi | CryptoCurrency | $442.45 |
| Public | Stock | $110.77 |
| CakeDefi | Cryptocurrency | $295.10 |
SUMMARY:
Stocks — The stock market is experiencing a downturn right now. There are probably some other factors to it, but the most prominent one is the September Effect. Because of that, my portfolio has declined in value despite having been added with $100 every month.
But despite that, this is just part of the investing journey. This is the risk that investors have to be okay with. And I am confident that values will go up again in the future.
If you’re ever interested in investing in stocks, WeBull and Public are great platforms to start with because they give you signup bonuses. So make sure to check out WeBull for 2 free stocks and Public for a free stock worth $50 or more!
Cryptocurrency — Just like with my stock market investments, my crypto investments have experience some downturns too. The price of Bitcoin has gone down and that has affected my portfolio values too.
My Cake DeFi portfolio has gone down too because I made a mistake. In my BTC-DFI pair, I accidentally took them out and converted the BTC into DFI. Since DFI is a less popular assets, the price fluctuations are small unlike with BTC.
Total Assets & My Comments
My total assets for September is $27,834.60, a decrease of $352.19 — a 1.25% decline from last month, August.
This is the very first month that my assets did not grow. While I understand that this was going to be the result of my expenses, it made me realize that having a diverse stream of income will help me increase my income every month and make sure that assets grow.
| COMPARISON | August | September |
|---|---|---|
| Total Assets | $28,186.79 | $27,834.60 |
| Assets Change ($) | $2,153.57 | -$352.19 |
| Assets Change (%) | 8.27% | -1.25% |
My Liabilities (Credit Cards)
CREDIT CARDS Details: I have 3 credit cards.
| Issuer | Credit Card | Amount |
|---|---|---|
| Wells Fargo | Wells Fargo Platinum | $0 |
| Discover | Discover It | $13.99 |
| Chase | Chase Freedom Unlimited | $1,423.93 |
SUMMARY:
Nothing crazy for my credit cards for this month. Discover had a balance that come from one of my subscriptions. For Chase, it still has the balance from my balance transfer and then some change.
My Liabilities (Student Loans)
STUDENT LOANS Details: 4 student loan accounts — 4 federal loans.
| Servicer | Type | Amount |
|---|---|---|
| EdFinancial | Federal | $5,344.78 |
| EdFinancial | Federal | $1,777.45 |
| EdFinancial | Federal | $3,566.68 |
| EdFinancial | Federal | $654.23 |
SUMMARY:
Since paying off my College Avenue last month, I’ve refocused my monthly payments towards my federal loans. Group D, the lowest balance in my EdFinancial account is receiving $165 every week, and it is expected to be paid off in the middle of October.
Once this loan is paid off, I will move next to Group B that has $1,777.45. If all goes well, I can be debt free from all my student loans in March of 2022.
Total Liabilities & My Comments
My total liabilities for August is $12,451.07, a decrease of $663.74 — a 5.06% decrease change from last month, August.
I haven’t been aggressive with paying off my student loans, but I am staying consistent with my weekly repayment schedule.
| COMPARISON | August | September |
|---|---|---|
| Total Liabilites | $ 13,114.81 | $12,451.07 |
| Liabilites Change ($) | -$1,491.19 | -$663.74 |
| Liabilites Change (%) | -10.21% | -5.06 |
My Net Worth for September 2021
So my Net Worth for September 2021 is $15,383.53, an increase of $311.55 — a 2.07% increase compared to the previous month, August.
When I look at how I ended September, I couldn’t help but be disappointed because the growth was very small. I didn’t hit a 4-figure growth for my net worth. I got used to seeing my numbers grow 4-figures every month and this was very new.
But it also didn’t come as a shock because money moved out a lot during September.
I spent extra on some clothing and gear for out travel to Hawaii. I also had to send some money to my mom as funds to one of her businesses she’s set up. And my investments took a dive as well, both in crypto and in the stock market.
Looking ahead, I’m still optimistic in growing my net worth. Hopefully I can get back to the 4-figure levels because I’m planning some experiments with my agency in order to automate things there and possibly cut costs, while improving our workflow.
October is going to be a month of building for me, so I’m looking forward to what I can accomplish for my business, my investments and my personal growth.