This net worth update is a bit late, but better late than never! Things continued to move in the right direction over the past month, with my net worth hitting $29,402.
Net Worth = Assets minus Liabilities
| Assets | Amount | Change from Last Month |
| Checking/Savings | $53,710 | |
| Retirement Accounts | 153,033 | |
| Taxable Investments | 8,183 | |
| Misc. (Gold/Silver/Cash/Collectibles) | 9,500 | |
| Total Assets | 224,426 | +4,765 |
| Liabilities | Amount | Change from Last Month |
| Credit Cards | $2,971 | |
| Student Loans | 192,052 | |
| Total Liabilities | 195,023 | -4,369 |
Net Worth = $29,402
Change in Net Worth from last month: +$9,133
Total Change in Net Worth Since July 2020: +$77,630
As you can see in the table above, there was an equal increase in assets and reduction in liabilities this past month. The decrease in liabilities was paying down a credit card with a promotional rate that expired.
Working From Home
I have successfully reduced my living expenses by relocating to a lower cost area while my employer allows us to continue working from home. While they were beginning the process of planning a return to the office, the surging Covid-19 Delta variant has put all plans on hold. I don’t know when management will ultimately force a return to the office, but in the meantime I’ll continue to save money by living cheaply outside of the high cost of living of my office location. One thing I may put together is an analysis of how much faster I can reach my financial independence number for each month of continued remote work. I estimated last month that between the lower cost of living, offset by the loss of a part time job, I am saving $800 and 50 hours per month.