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Make it rain! This net worth has been built almost entirely from blogging and working online, that's so cool. I love looking at people's net worths, to see how they're held, where the income comes from and what their growth looks like over time. Looking at other people's finances is so motivating and fascinating to me.

It’s that time again! I like to use monthly net worth updates for motivation. Posting them pushes me to try harder, I am forced to actually work the numbers, and I started blogging so I could share with all of you and get feedback.

My Backstory for New Readers

I worked in a dead end cubicle job from when I graduated from college in 2005 through July 2011. I could never be promoted within my department and $35,500 was the highest salary I ever received. My plan was to stay there for 30 years and retire. That plan went to crap for two main reasons. First, I wanted to truly connect with people. Secondly, I finally realized the position was the definition of “dead end”.

That led me to creating Budgeting in the Fun Stuff in February 2010 even though I had zero professional writing experience, and I had just been a blog reader and commenter for a few months. It grew faster than I expected (thank you!), and I have been fully self-employed since July 2011. BFS itself has made more than $100,000 since I started. My husband and I live on the income we earn through our online business, professional pet sitting, and our first house which is now our rental property. We bring in $80,000-$140,000 each year – 100% self-employed. If you’d like to start your own site, I worked out a special lower price for my readers with Bluehost (lower rates on all 12+ month packages – I switched over to them too). I also just republished a free three part series to help:

Or if blogging isn’t your schtick, check out any of my other money making posts! I’ve personally done all sorts of things including being a jewelry reseller from online to pawn shops in my late teens, being a cow mascot in my early 30’s, selling my hair for $100+, and starting my own professional pet sitting business in 2014. Email me any time for ideas as well since side hustles and entrepreneurship have become my whole life!

Onto this month’s update!!!

Net Worth Update – February 2016

Assets

Cash (in all checking and savings accounts) – $89,000 (-$18,000)
Stocks – $16,900 (-$825)
Retirement – $139,300 (+$3630)
Home – $306,000 (same)
Rental House – $122,000 (same)
Cars – $16,000 (same)

Liabilities

Home – $195,360 ($640)
Car – $11,300 ($400)

Total Net Worth = $482,540
Last Month
: $488,250
Total Change: -$5710

My Thoughts

Honestly, I expected worse.  We took a huge cash hit because we paid estimated quarterly taxes ($4500), fully funded our 2016 Roth IRA’s ($11,000), had dental bills for hubby ($1500), and paid our December credit card bills which were higher than usual thanks to our traveling and Christmas shopping.

Even if cash wasn’t swallowed up, I expected the stock market to hurt us hard.  But I threw my $5500 into my target date mutual fund near the lowest part of the latest decline, so it’s already bounced back.

Overall, I’m optimistic for 2016.  I’m aiming for at least $500,000 by the end of the year with the BIG goal set at $550,000.

Our home values are pretty spot on right now thanks to the official evaluations we just had done. Our car values are based off of Kelley Blue Book and what I see on Craigslist.

How have you been doing lately? What are your short-term and long-term financial goals?