The first quarter of 2017 can be described as nothing short of successful for us in our pursuit of financial independence. Though March didn’t close out as well as the first two months of the year, I can’t complain about how we’ve fared since the beginning of 2017. At a net worth improvement of $9,521 this month, I’m happy to say I was disappointed in that number. All things considered, a near five figure improvement in our net worth is real progress. On the other hand, it’s our lowest net worth growth since we started reporting it.
We set out to improve by an average of over $12k per month this year. While we didn’t hit that in March, we more than made up for it in January and February. In the month of March, we improved our net worth from -$106k to:
Since the start of the year, we have improved our NW just over $50,000 from a starting point of -$147k.
We continue to add to savings, so our debt reduction is more-or-less at a minimum again at just over $2,300. Market gains and slow-and-steady contributions resulted in our other gains throughout our various retirement accounts.
March was a challenging month in more ways than one. Surprise projects at work left little extra time to write and post like I had hoped. It also led to opportunities and changes that we’ll discuss in April. I’ll also be following up this monthly update with our first quarterly report, which will focus more on a discussion on our progress towards financial independence that’s more involved than just reporting changes in our account balances.
We continue toward our goal of buying a home of 2017 and also improving our net worth such that we’d have a positive NW by the end of the year when considering our down payment toward a home as an asset.