March 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise and something not many people do on a regular basis. While it doesn’t show how much dividend income I’m pulling in, which is how I plan on achieving financial independence early, it does provide a good overall snapshot of my financial life.ย Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4,500.00 (+$0). Starting this month I’m going to report this separately from my other cash savings as it will generally remain steady unlike the cash savings listed below.

Cash Savings: $4490.81 (+$1203.29). Continued to pack away money to prepare to move into my own apartment off base later this year. I’ve pretty much saved as much as I figure I need in order to pay the first few month’s rent, plus all the other expenses such as furniture, etc. Whatever I don’t use will probably go to my Roth.

Roth IRA: $7,322.69 (+$670.66) Added in the $721.50 I got back from a college tuition refund and used it to buy some Kinder Morgan Inc. Continuing to drip all holdings as I only plan to make a few more purchases in this account the rest of the year.

Brokerage: $10,798.73 (-$529.91) The majority of the cash I had in this account plus all dividends I received throughout the month I withdrew in order to fund my Loyal3 purchases. It’s like selectively reinvesting dividends, but commission free! ๐Ÿ˜‰

Loyal3: $1109.92 (+$776.70) Continued to add to my positions in Coke and Target, plus initiated a position in McDonald’s.

Thrift Savings Plan: $976.98 (-$9.47). Although I started investing in this account again in March, none of the new deposits have hit the account yet so not much of a change here. I’m investing in a combination of an S&P 500 index fund and a small cap index fund.

Auto Worth: $5,820.00 (-$435.00). After last month’s weird gains, this has started to trend downward again. Nice reminder to myself to not think of cars as an investment. The only reason I include it here is that it’s probably the one non-financial asset I have that if I ever needed to sell, could probably get close to its market value.

Assets Total: $35,019.13 (+1,676.27)

Liabilities

Credit Cards: $174.31 (-$197.57). As I never carry a balance on my cards and my billing cycle ends in the middle of each month, this is simply my current balance on the last day of March.

Net Worth: $34,844.82 (+1873.94). I was really helped along this month with getting my tuition refund check back plus general gains in the market overall. My goal for 2014 is to get this up to $40,000.

How was your March for finances? Do you track your net worth and if so are there any other items you track on yours? Please leave a comment below and thanks for reading!

11 comments

    1. Thanks R2R! I’m just trying to take as much advantage I can of being young with limited expenses right now. It should really help give me a good foundation before I get older and start a family, etc when I imagine my savings rates will start to dip.

      Thanks for stopping by and commenting!

      Best wishes,
      SFZ

  1. SFZ,

    Great looking net worth there, especially for being so young. Once you hit my age you’re going to be killing it!!

    I don’t track my net worth implicitly, but it’s easy to figure out at any given time because my only debt is related to a few old student loans.

    Keep up the great work.

    Best wishes.

    1. Thanks Jason!

      I still have quite a ways before I get on your level though. ๐Ÿ˜‰ You’re doing awesome with your Freedom Fund man.

      Lower amounts of debt will really make it easy to keep track, basically all it takes is just adding up all your saving/investing accounts. I hope to keep my debt level at 0 as long as I can until I decide to open my own business down the road.

      Thanks for commenting.

      Best wishes,
      SFZ

  2. Awesome start for someone your age! As DM mentioned, when you get to 30, you’ll have a heck of financial picture given the compounding and steady addition of new capital.

    FYI – Submitting your post to Rockstar Finance (J. Money keeps track of blogger’s net worth).

    1. Thanks w2r! I’m just trying to get to that 100k mark as quickly as possible while I’m still young and can live cheaply. I’m a huge fan of Tim McAleenan’s work over at The Conservative Income Investor and Seeking Alpha and he often quotes Charlie Munger who said, “The first 100k is a bitch.” Getting to that mark quickly will really help me achieve my goals and let the power of compounding interest do its work.

      Thanks for submitting my post to Rockstar! I actually submitted my February update to him right after starting the blog, around the first week of March when I was just blogging to myself with no readers. ๐Ÿ˜‰ I’m not sure if I have to send him the new updates to the site each month though? Anyway this month is taken care of, thanks man, appreciate the support!

      Best wishes,
      SFZ

  3. Man, you remind me exactly like myself. I did 10 years prior enlisted and then crossed over to the dark side as an E-6 and now I’m an O3E. From E1-E5, everyone thought I was crazy for being obsessed with finances and making the same choices you did. They had fancy cars, nice furniture, $30K weddings, etc. and I just saved my money like you are. Keep it up man, you’re doing a great job!

    Brandon

    1. Hi Brandon,

      “Crossed over to the dark side.” Haha, I like that. Definitely a better route if you’re making it a career though. It’s something I’ve thought about, but I still have a long way to go before finishing my degree and haven’t decided yet if I want to make this a career.

      I get the same comments from my peers now. No one understood why I didn’t rush out and buy a Mustang, Challenger, etc. that it seems like all new Airmen purchase when we all got here after tech school. No thanks, I’ll just buy this Malibu for half the price and max out my Roth this year.

      Thanks for commenting sir, appreciate the support.

      Have a great weekend,
      SFZ

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