Sometimes I have a clear idea of what I’m going to write and sometimes I just have to put up words and see where it goes. This is one of those later times.
It’s been raining for the last 24-36 here. It feels like we didn’t have a day on Monday. I’m still stuck on the Tom Brady return to New England. Every article in the news seems to be about the upcoming debt ceiling disaster. I updated our net worth last night and for the first time in forever, it went down. It feels like there are a billion reasons to be depressed right now…
… or not. Most of these things are temporary. The weather will change soon. Mac Jones outplayed Tom Brady. The debt ceiling will be figured out one way or the other within a couple of weeks.
Lastly, our net worth will likely rebound. It’s still 50% more than what I expected it would be several years ago. It’s hard to get stressed it going back one percent. Initially, I was a little stressed. The markets have been consistently going up for years now, so they have me trained to expect that to continue.
In other personal finance journey news, I finished doing our 2020 taxes. I’m terrible at getting taxes done. I hate it and wait until the last minute. This year I wanted to get them done earlier because it would help with stimulus money. However, it didn’t happen with all the dog-sitting business we’ve. It turns out that we have a big refund, the biggest we’ve ever had. Some people may say that we shouldn’t have given a big loan to the government for a long time, but our taxes tend to have a lot of moving pieces with my income varying throughout all my side hustles.
My wife continues to sell things through Ebay and Facebook Marketplace. We have had a lot of odds and ends over the years. Kids’ old clothes are a big seller too. It’s working to clean up the basement. We had a contractor by to price what it would cost to finish the basement. They are still writing up the estimate, but I suspect that the tax refund will just funnel to them. That would be a big win for us.
I looked at our cryptocurrency for the first time in a while. I’m up about 40% thanks to dollar-cost averaging. I haven’t put any new money into it for a little while as it feels like buying in at highs. If you don’t have any crypto it may not be a bad idea to put a small amount in, if you can afford it. My crypto holdings are about 0.00000001% of our net worth (I’m exaggerating a bit), so it’s no big deal if it crashes or even doubles overnight.
That’s the quick update for the day. I’ll have more on Thursday with an update for September.