This is turning out to be an exceptionally exciting month as I succeeded in crossing the $250K mark in net worth!
First, I made a purchase of 70 Shares of TGT adding $173.00 to my yearly dividend income. This is my first purchase since July.
Secondly, for the first time ever, I crossed the $250,000 mark in net worth! That is a quarter million dollars!
Net worth is defined as the amount by which assets exceed liabilities. I have no liabilities. Thus, no mortgages, no student loans, and I don’t even own a credit card (never have). So my liabilities are $0. Therefore, everything saved up is gain!
At age 30, my net worth is slightly over $250,000. This is the first time I ever cracked the 250K threshold.
As of this blog post (October 2017), the value of my portfolio was over $141,000, my bank accounts (checking and savings) stood at a little over $9,400, and the value of my co-op apartment stood at $99,904 (according to Zestimate).
All added up to slightly over $250K in net worth.
Update: In August 2021, I crossed the $400K mark in Net Worth!
Who am I? How did I do it? For more on my story, see my About page.
In addition, I made a page “Getting Started” for those interested in beginning their journey into dividend growth investing and personal finance. I listed some resources to help people get a basic start to dividends and personal finance. These are resources that helped me get started many years ago.
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This is a financial journey that began in the worst possible way… But I am hoping to turn tragedy into triumph. I am happy to have crossed this milestone and look forward to the future.
The snowball is very real. Saving and investing works!
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