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May 2016 Net Worth – FINALLY PAST $500,000!!!

This lady earns her living online by blogging and has grown her net worth to over half a MILLION dollars. It's so inspiring! Starting a side hustle was one of the best things I've ever done, I can't wait to cross that mark, too. Working for myself eventually is my dream.

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. How’s that for investing money and time wisely.  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 for my readers with Bluehost and anonymous blog sites – lower rates on all 12+ month packages like $3.49 per month for 36 months for their “basic” plan. I switched over too, but I signed up for the 36 month package with their “plus” plan since I have multiple domains.

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, doing online surveys that pay, 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 – May 2016


Cash (in all checking and savings accounts) – $86,800 (-$7750)
Stocks – $18,000 (+$350)
Retirement – $159,300 (+$12,550)
Home – $306,000 (same)
Rental House – $122,000 (same)
Cars – $15,000 (-$500)


Home – $194,400 ($300)
Car – $10,500 ($200)

Total Net Worth = $502,200

Last Month: $497,050
Total Monthly Change: +$5150

My Thoughts

WHOO-HOO!!!  We finally broke that $500,000 ceiling!!!  The next $500,000 should be a breeze, right?  😉

Okay, so the cash hit was actually not as bad as expected.  We used $11,000 to fund our new SEP IRA for 2015 so we could include that on last year’s tax stuff.  So the fact that we only went down $7750 means we actually absorbed $3250 of the cost through the extra after expenses in April.  I’m pretty happy with that!

The $11,000 contribution to the new SEP IRA was obviously a big chunk of the extra in that category , but that still means we bounced back $1550 too.  Yay!  Our home values are still spot on right now thanks to the official evaluations we just had done in April. We’re also using the Fundrise app as another way to invest in real estate.  Our car values are based off of Kelley Blue Book.

In case you are ever wondering, the car loan is at 0.9% interest, so we are not paying it off early.  Our cash reserves do have a little more than necessary in them right now, but not much when we take into account what we are aiming for.  Overall, we want the following padding – $3500 in checking, $20,000 in our emergency fund, $20,000 in our blog income account for paychecks, $10,000 in our rental home account, $5000 in a car account for our next down payment, and we have two accounts that build $2000 per month (hopefully) throughout the year.  One of those accounts is the one we use to save for and pay our income and property taxes as well as our home insurance and HOA dues.  The other is to save up for this year’s SEP IRA contributions as well as the following year’s Roth IRA contributions.  So in our reality, we “only” have an extra $8300 and that will be used as padding for any lower-than-expected income months this year (and I’ll be honest, it’ll probably be used a little for any we may be short for our next cruise).

Overall, I’m optimistic for 2016. We already hit my $500,000 goal, woot!  Now onto the BIG goal set at $550,000.

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

10 thoughts on “May 2016 Net Worth – FINALLY PAST $500,000!!!”

  1. Megan

    Congrats! When I did our net worth yesterday, we just went from negative to positive for the first time ever (darn those student loans)! A minor victory, but a victory nonetheless 🙂

  2. Denise

    Nice job! 🙂

  3. Revanche

    Congrats! We happily hit a Milestone in April, too, and I’m pretty excited about it. We might have come close to it sooner if I had been willing to estimate our property value but I prefer to get the official appraisal numbers and go with that 🙂

    For next month, just aiming to keep those numbers creeping upward!

  4. Francesca - From Pennies to Pounds

    Congrats! This is great, and I most definitely need to sit down and do one x

  5. Joe

    Sweet! That’s a huge milestone to hit.

    We’ve been lucky, since I parted ways with my last job our net worth has increased the last couple months, pretty nicely too. I tell Nicole maybe I should be out of work for a while longer, lol. : )

  6. Crystal @ BFS

    @Megan, it is a HUGE victory! Congratulations!!! It gets even better from here!

    @Denise, thanks!

    @Revanche, congratulations!!! It is nice to know what our properties are actually worth. 🙂 Good luck!

    @Francesca, let us know how it turns out!

    @Joe, lol. It’s amazing what assets can actually do for you, right?

  7. Grace at Thrifty Cheapskate

    Great job,can you explain the $20,000 needed in blog account for pay checks

  8. Crystal @ BFS

    @Grace, it’s just additional padding. $36,000 is technically 6 months of expenses, so we have $20k in a pure emergency fund and another $20k of blog income padding. Whatever we make from PayPal gets transfered into that account. Then it is set up to automatically move over $1000 every two weeks (our online paycheck) into our tax account. If it dips below $20,000, it’s a warning to me. When it ends up higher at the end of the month (when we make more than $2000 in 4 weeks), the extra is used to fund the other accounts. 🙂

  9. Grace

    Thanks for being so open with your financial income. You are amazing and I wish I had paid more attention to your blog when i spotted it so long ago. Just never paid much attention to my blogs or anyone else .
    Is this income you make from blogging?

  10. Mitch

    WOW!!! Congratulations on such a substantial milestone! That’s an awesome achievement.

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