My April Net Worth Update
Checking my net worth today was a scary proposition, because ICYMI the stock market has been low. But I did the damn thing and was actually pleasantly surprised.
Between March and April my net worth increased by $1,629 (from -$15,747 to -$14,118). Although I’m still in the red the progress is undeniable and feels good.
I currently have two student loans remaining, a federal one and a Perkins loan. The federal loan is currently not accruing interest and payments are suspended for the next six month (thanks, CARES act) so I’m hopeful I can reach net worth positivity by the end of this year.
That said, my ability to do so will inevitably depend on my side hustles and budget adherence. Since I’ve been in self-isolation for the last month (in NYC, no less #fun) my spending hasn’t been high. But TBH I have been spending in categories I don’t typically need to, like home improvements and groceries.
Anyway, this is just meant to be a quick update to keep myself accountable and also show you that yes, you can pay off debt on a modest salary (provided you have a side hustle).
I know I’m extremely privileged and lucky to not only have my full-time job right now but also my side hustle (content creation) to give me an additional income stream.
Per usual, lmk if you have any questions, requests, or comments in the comments or at hello@literallybroke.com.
Talk soon!
Scarlett