2021 Review

I can’t believe that looking back 2 years ago, I had half as much in assets and a net worth of negative $6,115.44, I weight 206 pounds and although my weight hasn’t changed much, my waistline has. I am more in shape (less pear shaped), Have more confidence and have more confidence financially.

Out of all of my assets, my retirement is my biggest by a land slide at 52.91%. Here’s how it all breaks down:
Retirement: $38,040.59 52.91%
Car: $16,649 23.16%
Other investments: $8,995.43 12.51%
Cash: $5,216.37 7.25%
Other Physical Assets: ~$3,000 4.17%

I would have never thought that Even in only 2 years, I could see the graph going so far up and to the right. I know that this year has slightly flattened the curve because in 2020 I gained $25k of the $45k I have in change of my net worth. And in 2021 I was just shy of $21k. But that was when we were in the middle of the pandemic and all my wife and I did was go to work, come home, and play board games. No going out to eat, no travelling, no entertainment.

This year I received an $8,000 raise at work. Currently, I plan on having that tackle the rest of my personal debt and start to hit my student loans. And just with that extra money, I should be completely debt free in the next 2 years. Probably less if I can find a good side hustle that works with my busy schedule.

I appreciate all of the people who have read and liked my posts over the past 2 years. My goals for the upcoming year (because we all know how well New Year’s Resolutions work) are to do more writing, reading, and figure out how to focus more and stray less from the path I’d like to take. We have the goal and hope to be out of our apartment and into a house in 2022. But the housing market by us is outpacing inflation and even my raise for this year.

We have started to look at alternative options like modular homes, and even building our own home as it looks like building material cost is starting to settle, and land is not as overpriced as the houses around us.

We went to an open house for a $170,000 house which before the pandemic would have been able to get us 1,500+ sq ft, 3 bed 2 bath, and all in decent condition, only minor fixes. The house we looked at was 1,000 sq ft, 2 bed 1 bath, needed all new flooring, some drywall, massive cleaning (former smokers and cat owners and we are severely allergic to cats), the garage had structural issues, and the what was once blacktop driveway that has crumbled into gravel again. And that got into a bidding war and sold for $199,900. At the open house I overheard, who I think was a flipper say that this house looks like it would have needed $20,000+ in renovations and he didn’t think it would turn a profit.

So the house might be a 2023 thing. Plus we are weighing the whole building our own house because it would mean potentially less issues upon purchase for maintenance, and we wouldn’t have to live with someone else’s interesting choices in home remodeling.

Total Assets: $71,901.39
Total Liabilities: -$40,479.06
Net Worth: $31,422.33
Monthly Change:+$4,055.27
YTD change:+$20,693.95
Change since first tracking: +45,854.17

Weight: 198lbs
Monthly Change:+3.8lbs
YTD Change:+4lbs

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