Passing the $40k mark | January ’21 Net Worth Update

Hey reader,

Thanks for stopping in for another net worth update. This was big month of growth, plus a bit of money I hadn’t been tracking before. Let’s take a look:

The first, most significant change, to note is that I had a supplemental pension I wasn’t previously tracking. I knew I had some money come out of my paycheck for this supplement, but I thought it was all included on the same website as my primary pension. I was mistaken 🙂 So much for being on top of my money! But, of course, I’m not mad about it. It’s current value is $514, so a lot of growth for this month didn’t happen over the course of the month, but over my last two years working.

Passive Income Report

I ended up investing $1,600 through my Roth IRA this month (thanks to a third paycheck and a stimulus check), and saw it grow by $281 passively. I contributed $718 to my 457 so far this month (more will come with my paycheck on the 29th), so it grew by $125 in interest. Those, with the $4 from my EF, make for a passive income of $410 this month. It’s not as much as the past two months, but still enough to get me excited to keep investing over time.

Other notes & Reflections

Overall, I feel great seeing such a big increase (even without including the surprise supplemental pension), and passing the 40k mark after a lot of ups and downs around the 30k mark. We’re off to a good start this year, with even more deposits (to my 457 and pensions) happening with my last paycheck this month, which isn’t included in this net worth update this month). Make sure to head to my YouTube video above to see the full breakdown.

🙂 Rachel


If you’re ready to track your own new worth and see where you stand each year, get my free budget template.

Don’t forget that I made a resource for working on your money mindset as you walk through this journey.

2 thoughts on “Passing the $40k mark | January ’21 Net Worth Update

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