The first Cashville Skyline post was carefully written while freezing beneath a blanket on the afternoon of New Year's Eve. It was hard to imagine where this blog would be in month, let alone a quarter. And here we are together, friends, experiencing my very first quarterly net worth overshare!
The choice to share (or not to share) these kinds of details in such a public forum, like a blog, is a deeply personal decision. And I felt apprehensive at first, although being included in Rockstar Finance's Net Worths of Personal Finance Bloggers list has certainly helped me overcome my shyness quickly!
What does my net worth mean exactly?
Likely very little to anyone except me. It's a constantly changing number, much like my age or weight, and some may argue it offers no real measurement of anything. Sharing my net worth publicly is merely an exercise in setting a goal and holding myself accountable.
SO, WITHOUT FURTHER ADO, MY QUARTER ONE NET WORTH UPDATE, REVEALED:
– I've dropped my cash significantly. Remember my post about decreasing my emergency fund? Well, I lowered that sucker even further.
– I made the maximum Roth IRA contribution ($5,500) within the first week of January. My index funds (VTSAX and VTIAX) earned $215.12 in dividends this quarter. Score!
– I've continued buying index funds and ETFs in my taxable account (holdings include VFIAX and VYM). VFIAX earned $46.63 in dividends this quarter.
– One of my second quarter goals is to start adding dividend producing growth stocks to my portfolio. I plan to continue purchasing securities through Vanguard. Thanks to Income Surfer and Our Cash House for the tips on discount stock brokers!
– I definitely don't dig owing over $140K on my mortgage, but with a 3.25% fixed interest loan, I feel very little motivation to pay it down sooner. And it will be paid off in less than 13 years!
Readers: How has your net worth changed over the first quarter of 2014? What are your net worth goals for this upcoming quarter?