Welcome back to Late Twenties and Broke.com, I’m your host Jonny F Namerson. Today I’m begged to ask the question: Am I still broke?
My last net worth update was August 2022, and here we are about 4 months later. I checked how much BTC I had yesterday for the first time in months, and it was looking pretty juicy. My strat was to set up an automatic purchase every week for $100 worth of BTC while prices were at $40,000/coin or lower, and oh boy, has it been stacking up.
Here are my numbers from August 2022 for reference….
| PLTR | $1,580. (200 shares) |
| KO | $1,930.81 (30.63 shares) |
| DOW | $610.23 (11.21 shares) |
| VZ | $129.75 (3 shares) |
| MO | $1,242.51 (27.06 shares) |
| TM | $306.93 (2.02 shares) |
| Bitcoin | $2,592.14 (0.12845 BTC) |
| BNB coin | $917.01 (3.26 coins) |
| DOGE | $32.40 (502.46 coins) |
| Silver Coins&Bars | $2,000 (Haven’t purchased any precious metals in Japan) |
| Employer 401K | $17,391.66 |
| RRSPs trapped in Canada | $9,562 CAD ($7,335 USD) |
| Chequing | |
| Savings | $12,732.83 |
| Savings Certificate | $501.36 |
| Total Assets | $51, 406.35 |
| Credit Card | -7,000.18 |
| August 2022 Total: | $44,406.17 |
And now, the December 2022 net worth update….
| PLTR | |
| KO | |
| DOW | |
| VZ | |
| MO | |
| TM | |
| Bitcoin | |
| BNB coin | |
| DOGE | |
| Silver Coins&Bars | $2,000 (Haven’t purchased any precious metals in Japan) |
| Employer 401K | |
| RRSPs trapped in Canada | |
| Chequing | |
| Savings | |
| Savings Certificate | |
| Total Assets | |
| Credit Card | |
| Dec 2022 Total: |
4 months, and a change of only $681? I mean, it’s something. Not a lot, but something.
Pros:
-Credit card finally swung in the right direction, by about $1,300.
-My drip-drip-drippy drop dividend strategy did net a little piece of a share in quite a few companies. Long term, that’s a good thing.
To be fair, I reduced debt. I added assets to my balance sheet. I contributed to my 401K. I did the right things. My Canadian portfolio dropped 2 grand, while I actually contributed 2 grand to my US 401K. So that was a wash. And I added $1,000 worth of BTC to my holdings. And I paid off about $1300 on my credit card. So, you know what, that’s decent.
Am I still broke? Kind of. Maybe. Not really. But my net worth is still under 50K, and that’s one of the goals on my list.
Kind of an anti-climatic update, but here’s hoping the next update in May is a bit juicier for ya.
Keep your stick on the ice,
-Jonny F Namerson