Checking In With My Savings Plan: April 2018 Edition
In April I received $7,772.34 in freelance income and $25.19 in book royalties, or $7,797.53 total.
Here’s how I divided up the cash:
- $389.88 went to my HSA
- $389.88 went to my traditional IRA
- $1,069.09 went to federal taxes
- $267.27 went to state taxes
- $467.85 went to my individual brokerage account
- $467.85 went to savings
- That left $4,745.71 for overhead, business, and personal expenses
I was ready for April to be a high cash-flow month, and it looks like May will be another reasonably high month — which is good because I have a lot of book-tour-related travel expenses coming up in June, many of which are already on my business credit card and need to be paid off in a few weeks.
But let’s look at how my net worth has increased since last month:
I keep thinking about how I impulsively told Vicki Robin that I want to have a six-figure net worth by the end of the year. You can see that I’ve increased my net worth by $10K between July and December, and by another $10K between December and April, so if I keep adding $10K every four months, I could hit $90K this August and $100K next January.
I’d be fine pushing that goal back by a month — but we’ll have to see what happens.
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