Starting Net Worth: $117,054
July marked an exciting milestone we had finally saved enough for a new home and could officially begin house shopping. Unfortunately, the housing market remained very competitive, and that meant July also brought plenty of disappointment. We toured many houses and submitted multiple offers, all above asking price, but none were accepted. While it was frustrating at times, we kept our spirits high, continued touring new listings, and reminded ourselves that the right home would eventually come along.
On the financial side, our investment accounts had a strong month. The market grew nicely, and our steady contributions into the Roth 401(k) and Roth IRAs added even more to the progress. This was a welcome bounce back from June and reinforced an important lesson: it is rarely wise to make rash decisions based on short-term stock market movements.
The takeaway from July is twofold. First, patience and persistence are critical in both house hunting and investing. Second, consistent deposits into long-term accounts matter just as much as the market’s performance. Together, these habits build resilience through ups and downs, whether in real estate or investing.
Ending Net Worth: $126,075
None of the above information is a recommendation. This blog is purely intended as commentary on things that have happened along our financial journey.