Every month has been a steady increase of my net worth except for January 2015. If I recall the markets weren't so hot, and part of the reason was because I cashed out an old 401K account. When I received that cash, I ended up putting some of it into individual stocks back in February. This is why February was such a great month for my net worth. I may revisit this chart every quarter in order to continue keeping myself accountable.
One of my goals for the year was to establish a 50K net worth by the end of the year. I focus on sub goals within this goal. So I want to try turning 20K into 30K which is almost accomplished. Once I get to 30K, I need to focus on turning that into 40K. Then I can achieve my end result of 50K. I find it very helpful for me to focus on the sub goals and figure out quicker ways to increase my net worth 10K at a time. I should be at 30K by the end of March but I am already thinking of how I can speed my way up to 40K.
- Should I invest in higher growth companies such as Nike and Starbucks?
- Buy a multi-family home and rent out the extra apartments for cash flow.
- Invest aggressively in my company's 401K. (I'll finally be able to do this in March and they match 100%!!!!)
- Sell aggressively on Ebay for extra income.
What do you think of my net worth strategy?