Monthly Update: January 2019

January 2019

Time for Zero’s monthly Net Worth and Savings update for January 2019! It’s a start of a brand new year, and I’ve got so many goals to crush! Interested in what I spent money on in January? Go check out the January Spending post!

Net Worth: $107,508.94

As mentioned in 2018 Recap post, I do my Net Worth calculations on the 20th of every month. This is so that all of my automatic transfers have cleared for the paychecks coming in on the 15th of every month.

January’s Net Worth was $107,508.94, which is +$7,092.55. This is mostly due to the market bouncing back.

Net Worth from June, 2017 to Present

2017 vs 2018 vs 2019

I began January 1st, 2019 with Net Worth of $101,758.10. My Net Worth on January 1st, 2018 was $80,905.07.

The earliest datapoint I have is from June 14, 2017, where I had Net Worth of $60,722.95. So my assumption is that in 1.5 years, between June 2017 and January 2019, my Net Worth change was +$41,035.15.

Savings: $3,472.26

In January, I saved $3,472.26 And I made $397.26 with my side hustles. I decided to also track my interests this year, since it’s passive income that I can count on.

I maxed out my Roth IRA, but it was $6,000 transferred from my savings into the Roth IRA account at Vanguard, so I didn’t count it towards my “Savings” for January, since it was already saved last year.

As with last year, I have an automatic transfer of $1,500 a month from my first paycheck of the month going into my savings account. This is just about one paycheck every month, as my monthly take home is around $3,000.

Roth IRA$6,000
Side Hustle$397.26
Total Saved$3,472.26

Side Hustle Income: $397.26

Last year, I saved every dollar I made with my side hustles, but this year, one of my goals is to pay my non-housing living expenses with side hustle income. I decided this was unnecessarily complicated, so I’m going to save all of my side hustle income into my “Freelance Income” savings account. But I will also keep track of it to see if the following month, I can spend less than what I made in side income to see if the principle will hold true!

If this works out, by 2020, I hope to pay for my rent and utilities with my side hustle income. Then in 2021, perhaps I can pay for everything with my side hustle income… Which would then render my full-time job unnecessary! A girl can dream, right?

Here’s a breakdown of my Passive and Active Income from Side Hustles. The Interest was already counted in the savings above, but it’s also included here because it’s part of my passive income.

Total income from Side Hustles for January was $397.26. Of that, I consider $294.37 spendable for February.

Passive Income


Active Income

Sitting (Baby/Dog)$113.75
User Research$150.00

Since I don’t regularly move money over from Paypal into bank accounts for my eBook sales, I leave that alone until I have enough to move $150 at a time. I might change my eBook system later on, but for now, I’m going to live on everything outside of eBook sales.

Though I didn’t have any eCourse income in January, I’ll start having them starting February. I will take 30% out for taxes and will probably consider the income from it spendable, since I’ll probably stop hustling so much with other things like Babysitting.

YTD 2019

Savings Goal: $40,000

My 2019 Savings Goal is $40,000. With January’s savings, I am 8.7% of the way there!

Net Worth Goal: $150,000

My 2019 Net Worth Goal is $150,000. With January’s Net Worth, I am 72% there!


  1. Pingback: Monthly Spending: January 2019 – Walking to FIRE

    1. Post
  2. Pingback: Freelance Income: December 2019 – Walking to FIRE

Leave a Reply