October 2016 Net Worth Update

Here goes my seventh net worth update – a four thousand dollar increase from last month.  Breakdown below:

Increases – $12,361.97

  • After tax income – $8,447.30
  • 401k contributions -$2,824.98
  • HSA contributions – $483.33
  • Blogging income – $38.14
  • Interest from checking and savings accounts – $29.59
  • Dividend from Fundrise* – $138.63
  • Loan payment from a friend – $400

Decreases – $8,323.91

  • Rent – $2,300
  • Deposit on new apartment- $1,094.30
  • Vanmoof Electrified S – $2,498
  • Loss from investments – $1,801.04
  • Other expenses – $630.57

Net increase – $4,038.06

The hard hitters were my usual $2,300 New York City rent plus a $1,094.30 deposit on my new apartment in California.**  As part of the move, I’ve also pre-ordered the new Vanmoof Electrified S, a $2,500 electric bike.  This fancy contraption comes with its own smartphone app and anti-theft tracking.  The pedal assist system adds up to a 500% boost which will hopefully make my new commute a breeze.

A few upcoming large expenses will include a one-way plane ticket to California, coast-to-coast shipping of my belongings and maybe a car.  I’ve been told that Southern California is impossible to navigate without one, so I may buy a used car as a backup for my electric bike.  Or I may join a car sharing program like Zipcar or simply Uber once in awhile.  Of course, I’ll let you all know what ends up being the most cost effective.

Well that’s it for now.  See you all again next month!

*Fundrise is a real estate investment trust (or REIT).  So far, I’ve been getting a healthy dividend from their Income eREIT each quarter .    

**Luckily, the new place is a beautiful 530 square foot unit (more than twice the size of my current studio) located right in the center of a trendy art district.  

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