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

Ahoy mateys!

This is the Captain speaking with my feathery companion Norry to discuss finance!

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.

As of the 1st of this month, I have a net worth of 150,502.60 doubloons!

Last month my net worth was 148,546.92 doubloons! That means I have increased by 1,955.68!

This is pretty darn sweet considering I’ve knocked my car’s worth out of calculations!

-Eh.

Here’s how it breaks down:

Cash

Emergency Savings: $10,000.00 (Change: -$223.76) 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.

Chase Checking: $25,154.88 (Change: +$23,656.78) Hoo Boy! This is by far the most amount of money I’ve had in my checking account! It looks gorgeous and I’m loving that number while I can cuz I’ve got one heck of a large check to write on the 20th for my house closing!

Chase Savings: $2,665.90 (Change: +$796.50)This is my general savings, the money I save up to buy fun stuff! Got my mini-emergency fund all full and a little extra for random stuff.

Investments

401k: $100,171.38 (Change: +$7,127.04) 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. Market bounced back finally and I am back in the 6-figure realm for the first time since August!

Roth IRA: $12,510.44 (Change: +$1,206.49) I was going to start contributing here but I decided to put more towards my house savings instead so this will just have to grow naturally…or shrink I suppose.

Fidelity Personal: $0.00 (Change: -$4,569.65) I sold all my personal stock to be able to buy my house. It’s sad to see my investments shrink, but I am so happy about where the money is going!

Employee Stock Purchase Plan: $0.00 (Change: -$998.40) 5% of every paycheck gets put here till the big purchase at the end of the quarter when it all goes into my Fidelity Personal account. Stocks were purchased (and sold) and this is back to zero to start the process again.

Motif Investment: $0.00 (Change: $6,553.32) Dividend income experiment put on hold for now, house taking all my cash.

Possesions

Car: $0.00 (Change: $0.00) I now have a 2006 Buick Lucerne that is completely paid off, woot! I’ve decided to stop counting my car to my net worth calcs just because it’s depressing to see the number drop each month.

Debt

I realized I forgot to put my debt on my first update! That’s mostly because I pay my credit cards off at the end of the month every month so I really shouldn’t have any debt. But, just to be thorough:

Chase Freedom: $0.00. I have had this card for 4 whole years now and it was my go-to for daily spending but there is a new card in town:

American Express Starwood Preferred Guest: $0.00 This is a BRAND NEW card that I just got in the mail a a couple months ago and am looking forward to using and getting the travel rewards. It will be paid off every month along with my freedom card.

So there you have it! NOW you know in detail how much I am worth!

-Oh goody.

You are just jealous cause your feather butt isn’t worth anything.

-You just wait till the modeling deals from Petco start pouring in!

While the parrot flies the coop, I declare this post finished.

Until next time, avast ye scoundrels!

Photo Credit: (c) Piotr Majka Dreamstime Stock Photos

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