Map to 1,000,000 Doubloons – July 2015 Update

Ahoy mateys and welcome back!

Everyone knows that to the best pirate around, you need to have a big pile of coins to hide!

-Why have the coins if you’re just going to hide them?

Because it’s fun! It’s the pirates’ way!

-I will never understand pirates.

Well I will never understand parrots so that makes us even.

Now, the amount of coins desired by each pirate varies, some want a little pile to call their own, others want to own Fort Knox. Myself, I have set a fairly reasonable goal to get to a Net Worth of $1,000,000 simply because it’s a nice round number.

-Ah yes, nothing quite says this is a good goal than to have a round random number assigned to it.

Okay fine, what would YOU suggest my goal be, hmmm?

-$3,141,592.65

…

I will admit, that would be a proper round number, being the first 9 digits of pi and all, BUT it is a little high for a goal right now. Tell you what Polly, I will use your number for my second goal!

-So my name is Polly now?

Meh, thought I’d try it out, still not feeling it. No name for you yet!

-Sadness.

Back to the point of this article! As of the 1st of this month, I have a net worth of….!!! (drum roll please)

-…

*Ahem* I said “DRUM ROLL PLEASE!”

-You refuse to name me, I refuse to drum roll.

Darn stubborn parrots and their darn stubborn ways. FINE!

As of the 1st of this month, I have a net worth of 152,636.20 doubloons!

Not too shabby at all!

Here’s how it breaks down:

Cash

Emergency Savings: $7,500 in a American Express High Yield Savings Account. I currently get about a 0.90% interest rate which is tons better than my 0.01% of my Chase account where I store regular savings. I also plan on hijacking this account for saving to buy a house so the interest rate will work in my favor, but for now it’s just my emergency account.

Chase Checking: $1,176.61. I get paid on the 15th and the last day of every month and I pay my credit card off every month so this is right after paying a big bill and just before paying rent. A pretty number for a fleeting time.

Chase Savings: $1,195.04. This is my general savings, the money I save up to buy fun stuff! Ideally I want to have $2,007.00 in here as a base and then save for the fun stuff on top of it but I haven’t quite gotten there yet.

Investments

401k: $100,263.73! This is where the majority of my money is kept, sadly where I can’t touch it. My company uses Fidelity for our 401k so I also use it for some of my personal investing.

Roth IRA: $12,659.16. I’ve contributed the max amount 2 years in a row, but I haven’t decided if I will contribute this year. I’m working on building up a dividend investment plan right now so my Roth isn’t my priority currently.

Fidelity Personal: $4,360.97. The only stock in here is my company stock purchased with the ESPP. Once they reach long-term status, I generally sell some for play money/ extra savings.

Employee Stock Purchase Plan: $665.60. 5% of every paycheck gets put here till the big purchase at the end of the quarter when it all goes into my personal account.

Motif Investment: $6,329.09. Here I am playing with dividend investing and working to increase my passive income. As is stands, I am projecting getting $250.00 in dividends for the year which is pretty sweet for my first year’s work.

Possesions

Car: $18,486.00. I have a 2012 Ford Edge that is completely paid off, woot! Value here is the low end from Kelly Blue Book. I check back occasionally to see how it’s doing but as I have no plans on selling my car anytime soon its really just a nice bump to my Net Worth number.

So there you have it! Now you now in detail how much I am worth!

-Ah yes, something they were all wondering about.

Of course they were! It’s pirate nature to wonder what every person is worth and what they do with their doubloons!

-Not everyone is a pirate.

I hereby dub that all who read this blog are now pirates. There, problem solved!

-I hereby dub that you are ridiculous.

And I finally dub that this post is complete!

Until next time, avast ye scoundrels!

Photo Credit: (c) Piotr Majka Dreamstime Stock Photos