Caption: Anyone want to fund my visit back to Capri? Sigh.
I love a slow summer morning: the early sunrise, chatter from the birds, the distant sound of lawnmowers, but most importantly, time to peacefully start the day before work. It wouldn't be possible during the week without a quick ten minute commute, and for that, I am immensely grateful.
I've made a ton of progress since my first net worth overshare. Part of that can be attributed to discipline, but most of my growth is due to my neighborhood absolutely blowing up. Homes have been selling before they hit the market for over their asking prices.
If you're curious, I've written about my ‘hood a few times recently: overzealous developers offering cash to tear down smaller homes, an idea to make money renting an Airstream trailer in my backyard, and a plan to renovate my basement to rent on Airbnb.
Ready for the numbers? Here they are, folks:
– I've dropped my cash even further. When I reached a certain point with my savings, I started to feel like holding on to excessive amounts of cash was unneccessary.
Even a high interest savings account earns barely anything (less than 1%) and if you consider the rate of inflation, you're actually losing money. I still think an emergency fund is essential, but I'm no longer interested in holding large amounts of cash in a savings account.
– As I previously mentioned, I made the maximum Roth IRA contribution ($5,500) within the first week of January. So far, the index funds in my Roth IRA (VTSAX and VTIAX) have earned a totally of $502.51 this year and that's non-taxable!
– I've taken the leap into purchasing individual stocks! I've written about my adventures in dividend investing here and here. I've added Coca-Cola (KO), Kinder Morgan, Inc. (KMI), and General Electric (GE) to my portfolio.
– Thanks to everyone's impassioned pleas to cancel my home warranty, I can proudly say that I'll now be $55 richer per month! I may decide to allocate that extra money toward fitness expenses, though.
Readers: How has your net worth changed over the second quarter of 2014? What are your net worth goals for the second half of the year?