Net Worth Updates

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cervantez harvey

Net Worth Updates To calculate our net worth, I add up all of our household assets and subtract any outstanding liabilities (ie. debt owing). The result is simply a snapshot of where we stand financially at a particular moment in time and does not give any of the relevant details as to how or why we reached that point. For that kind of information, as well as for our monthly investment income, please refer to our dividend income and monthly highlights section.

Tracking our net worth is important to make sure that we’re headed in the right direction and achieving our long term financial goals. Our net worth fluctuates from month to month but it’s the longer term trend that we’re focused on. Hey Everyone and welcome to our June 2023 net worth update. We’re at $1.78 million! We’re down about $16k in May which is less than I expected considering the banking problems and market volatility.

I’m not trying to make a political point for or against any of these things. I’m just saying that no matter who you are, where you are or what you believe, your money isn’t safe. To me that growing realization suggests that more and more people will begin to hold at least a portion of their wealth outside of the banking system – be it in crypto, physical cash or precious metals. On top of this, there is a growing trend toward DeFi and DeBanking.

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