It’s time once again to update our net-worth and chart our progress towards our short term passive income goals. Before starting to update my spreadsheets I fully expected to see red for October. I was pleasantly surprised after determining that our net-worth actually grew by $4,636 or 1.48% last month. Over the last 3 months that means our assets have gained $25,220 or 8.62%. All in all this is shaping up to be a pretty good year.
Our passive income grew by only $8 to $173, or 4.84%. I’m actually surprised it grew at all. I haven’t had time to devote to building any passive income streams and our savings interest rate was cut from 5.05% APY to 4.70% APY about half way through the month.
October was a pretty good month for us. November will be a different story. Property taxes are due again and living in Silicon Valley means they with be quite ugly. We need to pay a large medical bill I’ve been putting off. We also need to pay the bill for the new refrigerator and stove we bought 6 months ago so we can any finance charges them.
On the bright side I started a new job 3 weeks ago with a 17% pay raise. My commute is also about half of what it was before. Have to drive 21 miles to work now instead of 48 miles. Once I see what my new take home pay will be my wife and I will need to sit down and rework our family budget. We’ll finally be able to start contributing regularly to a 529 plan for the kids and setting some cash aside for personal investments, other than my 401k plan and our Roth IRAs.