The Weekly Investment

Dividend Investing

July 17, 2017 Net Worth Update

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Hello everyone, this is my (late) July Net Worth update.  It has been a little busy for me this summer so I am a little behind but I have been able to go to some nice places including Lake Michigan!

So to recap, up to mid July, my net worth increased $8883.13.  Most of the gains were due to the stock market.  I am still concentrating most of my savings efforts into my extra savings account and throwing a hundred dollars here and there into my brokerage.  I have come to the conclusion that I really need to add to my Roth this year, 2017, since its earnings are tax free.  I guess I am stubborn about contributing to that account for some reason but I really need to do it.

I would like to accumulate $20,000 in an emergency fund and so far I have saved $7000.00.  In addition to the $20,000 emergency fund I would also like to purchase a car in the $8000 to $10,000 range.  I would like to accomplish these two things within the next year and if my current vehicle is still running I will just keep it and hold onto the money saved until I am forced to buy another.

Of course I will have to keep working in order to accomplish these goals so if I want to do this I will have to take the flu vaccine to keep my job which I do not want to do.  In the meantime I will pray for a miracle and hopefully get out of it.

My dividends have been earning about $525 per month average.   This is great news and I feel happy and content at this point with this amount.  Of course earning more returns would not be unwelcome but since I have drastically decreased contributing to my accounts I understand that growth will be slow but I can’t really complain…

Looming big purchases for my townhouse, such as a new heating system, has also caused me to decrease saving for retirement. 😦   I also make less money than I have in previous years because I cut down my work hours from 40 to 32 hours per week.  I am relieved to have a decreased work schedule and like working four days a week, it prevents burnout.  So I have no intentions to increase my hours and therefore have to accept the decrease in pay and decreased contributions.

Have a great month of August!  I hope to have another uodare by tge end of tge month.  Don’t forget the eclipse August 21st!

 

 

 

 

Author: weeklyinvestment

Hi I am 43 years old and started dividend investing in 2015 at the age of 41. This blog provides an example of portfolio changes and dividend growth and compounding. It is very exciting to witness the changes on a weekly basis. My goal is to partially retire within the next three to five years by living frugally and building up my portfolio into a mini pension to supplement and support my frugal lifestyle. I am interested in vegan food, biking, music, exercise, nature, photography, gardening, writing, travel, and investing. I daily wish to be able to have more time to do these things yet I am sadly torn away as I head off to work each day...

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