April 2020 Net-Worth Update

My girlfriend and I have been able to get into a decent quarantine routine in Vietnam. In the morning, I run on the beach and she does Yoga.
The sunrise during one of my morning runs.
Most of our afternoons and evenings are spent teaching online, but thank God we still have an income! The remainder of our time is spent trying new restaurants (by delivery only)  and streaming a few TV shows like, Avatar: The Last Air-bender, The Last Dance, and The Fresh Prince (Yes, they are all streaming on the Vietnamese Netflix).

Food from one of the places we usually order delivery
Our physical health is great, and we’re still holding it together mentally. Thankfully the routine helps with any fear and anxiety. The  potential of a major outbreak drives us to avoid contact with as many people as possible.
Financially, the new routine and limited  social contact has given my savings rate a boost. As long as my income stays consistent, I’m in a good position to save money.
Unfortunately, in uncertain times no one can guarantee that their income will remain stable.
Therefore I’ve decided to stash cash. It was an easy decision, because I’m stuck in Vietnam during a global pandemic, and given the crazy agenda of 2020 so far … anything can happen. I would prefer to have more cash if it does.
So here is my Net-worth update for April 2020.

Assets

Investment Accounts

My investment accounts rebounded a little to January 2020 levels. The value recovered by more than $1,346 dollars from March 2020. My ending balance was $11,036 for the month of April.  
Most people, including me, would expect the market to be worse than it is. But it seems to have recovered for now. I guess that’s what happens when the government injects the economy with 2 trillion dollars.
However, I’m expecting to see my investment balances drop…dramatically.
This month’s total included my $100 monthly contribution and dividends paid out for the month.
For the new readers, I have three types of investment accounts; a traditional IRA, Roth IRA, and a brokerage account.

My contributions go to my Roth IRA, because I value the long-term tax free growth, and as an expat I don’t have much of an income tax burden.

Debt

Student Loans

My student loan balance is $10,212. It’s $38 less than March 2020. My balance decreased only because I made the monthly minimum payment.
During the COVID-19 crisis, part of the government’s plan to financially assist Americans was to defer student loan payments and accumulating interest.
As long as interest and payments are deferred on federal loans I will not be making any payments. I need to ensure that I make it through this crisis financially unscathed.
When I started my journey to financial independence (FI), I was aggressively paying off student debt.
Overtime, paying my loans off became less of a priority, because I got typical “FOMO” [Fear Of Missing Out] of the stock market. Additionally, as the effects of the pandemic loom in our future I could use the extra money for emergencies.
I have two loans remaining; the first with a balance of $10,127, and the second with a balance of $84. My lower balance will be paid off in the next few months, which will free cash flow to contribute to the larger loan. Both loans have a 6.210% interest rate.

Credit Cards

My goal for 2020 is to not pay a dime in credit card interest. I accomplished that goal again in April! I paid all charges in full by making frequent payments to the card.
My credit card balances were payed off in November 2019 and I intend on keeping them that way.
This is how the beach usually looks on a weekday afternoon. Not a soul in sight.

Net-Worth

Overall my Net-worth increased to another all time high of $3,779!
That’s an increase of $2,073 over March 2020. It can be attributed to the brief rebound of the stock market. Unfortunately, I don’t think these gains will last very long, and we’ll see another dip in the market soon. But for now lets celebrate a new high Net-worth.
Thank you all for taking the time to read this post. If you are interested in reading more feel free to read more of my post here:

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