Net Worth Report #14, September 2018

Welcome to the fourteenth net worth report here at NMI!

This one is coming in super early as I wanted to make up for the really late post last month.

Overall, September was a fantastic month for my side hustles!

I received a pretty big pay out for some stuff that sold at the consignment store the last few months, and I also had a pretty good month with my Etsy store, thanks to two repeat customers.

Let’s get into the details!

 

For those new to my net worth reports, I’d like to give you a few minor details. I get paid semi-monthly, which means I get paid on the 15th and the last day of the month. 

Sometimes my money isn’t made available to me until two or three days after the month has already changed, so in order to ensure the most accurate net worth reports, I will always include both incomes.  As such, my reports will be made available on the third or fourth day of the following month, possibly a few days after. 

In rare circumstances in which I fail to get paid on time, I will either wait until that money is made available to report or I will include it in the following month’s net worth report.

You can find the latest and/or past reports here.

These figures are accurate as of the end of the day, October 2nd.

 

MY INCOME

 

JOB INCOME

I got paid on time again this month.  We overall had a pretty busy September (and October is off to a great start as well).

 

 

SIDE INCOME

For the sixth month since doing these reports I have some additional side income to report!

My Etsy store sold $116.60 worth of merchandise in September.

I also received a check for $748.80 for all my recently sold items at the consignment store!

Here are all of the items that sold, and what they sold for:

 

 

 

 

 

 

 

And here’s the proof it happened!

 

 

 

 

TOTAL INCOME

 

 

MY ASSETS

 

SAVINGS

Because I paid a bunch of my credit card debt off last month, I decided this month that I needed to try to beef up my savings.  I took the “profit” chunk of that $748.80 and put that right into savings.  I put the rest into my checking, but because I didn’t spend it, it’s basically in a savings account.  😛

 

INVESTMENTS

September wasn’t a great month for my investments.  Both VTSAX and VTI, along with VEU, have been down.  Crypto is only down overall by a little more than 10% so, I guess that’s progress, right?  And my crypto-experiment has hovered in the $150 area for awhile now, so at least it’s not down to zero.

My Fundrise account actually seems to be doing alright, which is pretty sweet, even though I don’t know for how long I’m going to have it, or what my plans for it are.

 

 

Remember, when it comes to cryptos, never part with more money than you’re willing to lose!  I’ve learned that the hard way!

Here’s a link to my article on cryptocurrency that every beginner should check out before jumping in.

*I decided to try an experiment in which I purchased 43 different cryptocurrencies (worth about $900.00 total) in the beginning of 2018 with the intent of holding onto them for one full year.  You can check out the initial post here.  I will be posting updates to that portfolio around the 15th of each month.

 

 

MY LIABILITIES

 

 

Not bad!

While last month I took a pretty big chunk out of my debt, this month I was focused more on saving.

My main goal is still to take out the Citibank credit card, but I’ve been down to just $1,000.00 in my savings lately, and I do not like that feeling – it makes me feel insecure.  Now that I have a little over $3,000.00 in savings, I can focus a little less on saving and a little more to knocking this debt out for good.

I think I’m going to take my next paycheck and take out as much of that Citibank card as I can.

I really recommend automating all of your bills, especially if they allow you to pay with a credit card.  You set it up once and you don’t have to worry again.  The only ones I don’t automate are accounts that need a checking account – you want to be sure the money is in there before it gets debited.

 

 

MY NET WORTH

 

 

An increase of + $602.43!

 

Yay!  Another sizable increase!

Getting that huge payment from the consignment store was so freakin awesome.  I’m so happy that this side hustle is starting to work out.  I have a lot of knowledge on furniture, what sells, etc., but it’s always a little nerve wracking when you’re investing your own money in something that may not pan out.  Still, I’m so glad I took the plunge.  Now I go looking for items every week at the local auction with the hopes that I’ll find something special – and I usually do.

 

CONCLUSION

 

And that’s the end of another net worth report here at NMI!

It’s hard to believe, but we’re in the last quarter of the year!

I’m not anywhere near my 2018 goals for savings (which I recently took down from my page), no thanks to crypto or stocks.

How is your 2018 going?  Got any new side hustles going?

 

          – NMI