A funny thing happened to me this week.
Let’s start from the beginning. I left my old job in August 2016 to prepare for teaching abroad. Last week, the payroll & benefits manager from my old job hit me up on LinkedIn.
Something told me on Wednesday to actually read the message.
She asked for a new address for my 401K benefits.
I’m thinking, “I don’t have any. I rolled over everything into an IRA before I left for China.”
So I rushed to Fidelity’s website, got my username, reset my PW and “SURPRISE!” $1,060 was waiting for me! WOOT WOOT!
In March 2017—a full 7 months after I left—the company put another lump sum into the accounts of employees from the previous year. I HAD NO IDEA!
After calculating my net worth in October, I knew I needed to pay off, at least, $1,713 in loans to finally break even.
With this newfound money, I recalculated. My other investments went up enough that I finally became NET WORTH-POSITIVE. Ya girl is worth $13.83, as of November 6, 2019. Got a long way to go. My 20s were a mess!
Overall, I’m pumped! I remember a day when I thought I’d never get to $0. The increase is due to shifting my mindset and habits and hard work.
Since January 2017, my net worth has turned around by almost $38,000! I can’t wait to see it climb higher.
So why am I so geeked about this number?
What is net worth?
Your net worth is a snapshot of your financial situation at the time. It is the sum of your assets (what you own) minus your liabilities (what you owe). The goal is to always have more assets than liabilities—own more than you owe—to have an increasingly positive net worth.