Close Menu
TheHub.news

    Pot, Power and Politics: Inside the Censure of Regent Wanda James

    By Danielle Bennett

    What Happened to the Black Male Tennis Star?

    By FirstandPen

    History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier

    By Veronika Lleshi

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    X (Twitter) Instagram YouTube
    X (Twitter) Instagram YouTube
    TheHub.news
    Support Our Work
    • Home
    • Our Story
      • News & Views
        • Politics
        • Injustice
        • HBCUs
        • Watch
      • Food
        • Cuisine Noir
        • soulPhoodie
      • Passport Heavy
      • Travel
      • Diaspora
      • This Day
      • Entertainment
      • History
      • Art
      • Music
    • Healthy
    • Wealthy
      1. Copper2Cotton
      2. View All

      The Time to Buy a Home is Now…Maybe!

      September 11, 2023

      Focus Your Way to Wealth

      April 14, 2023

      What You Might Learn From a $300K Net Worth

      February 6, 2023

      How I built Wealth in a Bear Market

      January 13, 2023

      Black Women’s Unemployment Rate Drops: Here’s What the Latest Report Reveals

      January 13, 2025

      What Does Toxic Positivity Look Like in Personal Finances?

      April 12, 2024

      More Than Money: Cultivate More Flow to Unlock Your Financial Potential

      September 22, 2023

      Music Mogul Akon on How to “Stay Rich”

      September 12, 2023
    • Wise
    • Business
    • Sports
      1. First and Pen
      2. View All

      What Happened to the Black Male Tennis Star?

      July 14, 2025

      Serrano-Taylor III Proved the Power of Women’s Sports—Again

      July 14, 2025

      Harlem Globetrotters Holding Open Tryouts Before 100th Anniversary in 2026

      July 9, 2025

      Diverse Representation Celebrates 3rd Annual Black Women in Sports Day

      July 8, 2025

      What Happened to the Black Male Tennis Star?

      July 14, 2025

      Serrano-Taylor III Proved the Power of Women’s Sports—Again

      July 14, 2025

      Harlem Globetrotters Holding Open Tryouts Before 100th Anniversary in 2026

      July 9, 2025

      Diverse Representation Celebrates 3rd Annual Black Women in Sports Day

      July 8, 2025
    • Tech
    • Podcasts
      1. Coach Cass
      2. More Than Money
      3. This Is Lurie Daniel Favors
      4. This is Karen Hunter
      5. Welcome to Knubia
      6. View All

      Pot, Power and Politics: Inside the Censure of Regent Wanda James

      July 14, 2025

      What Happened to the Black Male Tennis Star?

      July 14, 2025

      History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier

      July 14, 2025

      Serrano-Taylor III Proved the Power of Women’s Sports—Again

      July 14, 2025

      Pot, Power and Politics: Inside the Censure of Regent Wanda James

      July 14, 2025

      What Happened to the Black Male Tennis Star?

      July 14, 2025

      History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier

      July 14, 2025

      Serrano-Taylor III Proved the Power of Women’s Sports—Again

      July 14, 2025

      Pot, Power and Politics: Inside the Censure of Regent Wanda James

      July 14, 2025

      What Happened to the Black Male Tennis Star?

      July 14, 2025

      History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier

      July 14, 2025

      Serrano-Taylor III Proved the Power of Women’s Sports—Again

      July 14, 2025

      Pot, Power and Politics: Inside the Censure of Regent Wanda James

      July 14, 2025

      What Happened to the Black Male Tennis Star?

      July 14, 2025

      History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier

      July 14, 2025

      Serrano-Taylor III Proved the Power of Women’s Sports—Again

      July 14, 2025

      Pot, Power and Politics: Inside the Censure of Regent Wanda James

      July 14, 2025

      What Happened to the Black Male Tennis Star?

      July 14, 2025

      History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier

      July 14, 2025

      Serrano-Taylor III Proved the Power of Women’s Sports—Again

      July 14, 2025

      In Class with Carr: Juneteenth and the Unyielding Work of Liberation

      June 23, 2025

      “The People vs. The State: Compromise, Confront, Contain or Control?”

      May 26, 2025

      In Class with Carr: “We Have Been Believers”

      May 14, 2025

      Executive Orders vs Ancestral Orders: The Next 100 Days

      May 5, 2025
    TheHub.news
    Home»News & Views»Copper2Cotton»Net Worth Update
    Copper2Cotton

    Net Worth Update

    By Copper CottonAugust 12, 202205 Mins Read
    Facebook Twitter LinkedIn Email Copy Link
    Share
    Facebook Twitter LinkedIn Email Copy Link

    Happy fourth quarter!

    I’ve spent the last two days crunching numbers to make sure that I’m on target to reach my year-end financial goals. If you’ve been reading this blog, then you know I’m on track to reach the elusive $100,000 net worth by the end of this year.

    When I first started on this financial journey, my goal was to just get out of debt. But then something exciting happened. The more I learned about the game of personal finance, the better I wanted to be at it.

    I began reading and rereading everything I could on money. And I came across a quote by Charlie Munger, who said, “The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do—if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.”

    Charlie was right about the walking, I walk a lot these days to save on commuting costs, which has been a benefit to both my health and bottom line so I’m not complaining.

    Fun facts about having a $100,000 net worth: Only 436 million in the entire world have a net worth of $100,000. Depending on how much you’re able to save, on average it will take someone five to seven years to save their first $100,000.

    Why is this number so important? According to the experts, this is when the compounding really gets rolling. And with all that compounding on your side, it means you will reach your next $100,000 in half the time it took you to reach the first. And it just keeps getting easier, which means you will quickly be on cruise control to your first million.

    So, get moving on that first G, $100K, $200k or one million. We have three months left to really step on the gas. I would love to hear what you’re working on. (you can hit me up on Twitter).

    Okay, time for my net worth update.

    September 2019 Net Worth Update

    Assets

    Cash Accounts

    Checking                     $ 500.00 (no change)

    Savings                       $ 4,250.00 (+$2)

    Business                     $ 6,038.00 (+$741)

    MM/E Fund                 $ 14,070.00 (+$471)

    Taxable Investment Accounts

    Ally Brokerage            $ 13,925.00 (+$1,1387)

    Investing MM              $ 439.00 (-200)

    Vanguard                    $ 789.00 (+$91)

    Acorns                        $ 560 (+81)

    Tax Advantage/Retirement

    Bonds                         $ 16,259.00 (+$228)

    SEP IRA                     $ 12,006.00 (+$567)

    Traditional IRA           $ 20,473.00 (+$891)              

                                      $89,309.00

    Liabilities:

    Credit Card:                 $853.00

    • Checking: All savings/bills are automatically deducted from this account. Any money left over after deductions is sent to Acornsand the emergency fund.
    • Savings (P to P): This account is back to the highest it has ever been. No big changes here.
    • SEP IRA: The stock market went on a tear the last week of September. I had big gains across all of my investment accounts.
    • Traditional IRA: Added three new dividend stocks to the IRA, working to create a solid income stream from this account
    • Business Account: This account is growing nicely and will eventually be used to purchase an income-producing asset sometime next year.
    • The E/Fund: Haven’t had any reason to hit up the emergency fund. It continues to grow at a modest pace.
    • Stocks (taxable): Purchased a few shares of ENB, IRM and added a new stock, GPC. I plan to add one more new stock to the portfolio in 2019.
    • Bonds: As you know, the interest rate on I-bonds was lowered to 1.98%. This is still way above what most major banks are offering.
    • Ally Investment money: Still chasing year-end dividend goals.

    There you have it. I need $10,691 to put this goal in the rearview mirror.  I’m close, but I’m still going to need to hustle all the way to the end.

    If you don’t know how to get started on your journey, start with figuring out your net worth. Knowing my net worth has made all the difference. My goal is to make certain that it goes up every single month. This is something that I’ve managed to do for more than two years. The tool I use and recommend for calculating your net worth is Personal Capital.

    It is a fight to build wealth no matter where you are in the process. Everything around us conspires to take money out of our hands. But you must fight the good fight. Continue to save, invest, and grow your net worth even when it seems impossible. Save your pennies (copper) until they become dollars (cotton).

    Originally posted 2019-10-05 23:33:56.

    $100K 4th quarter building wealth net worth update
    Copper Cotton

    Copper2Cotton is a money blog following one person's journey to reach $1 million net worth. This blog will not only show the author's progress, but also give financial tips and insight for anyone who wants to be wealthy.

    Related Posts

    Black Women’s Unemployment Rate Drops: Here’s What the Latest Report Reveals

    January 13, 2025

    What Does Toxic Positivity Look Like in Personal Finances?

    April 12, 2024

    More Than Money: Cultivate More Flow to Unlock Your Financial Potential

    September 22, 2023
    Add A Comment

    Comments are closed.

    Recent Posts
    • Pot, Power and Politics: Inside the Censure of Regent Wanda James
    • What Happened to the Black Male Tennis Star?
    • History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier
    • Serrano-Taylor III Proved the Power of Women’s Sports—Again
    • This Day in History: July 14th

    “We Live in a Society That is Not Committed to Our Wellness”

    By TheHub.news Staff

    Robbing Jordan Chiles of Her Olympic Bronze Medal Exemplifies the Pain Black Sportswomen Endure

    By FirstandPen

    Georgia Tech to Retire Yellow Jackets’ Legend Dennis Scott’s Jersey

    By Ayara Pommells

    Hidden Figures: How This Harlem Doctor Advanced Eye Health Technology in a Major Way

    By Kaba Abdul-Fattaah

    Subscribe to Updates

    A free newsletter delivering stories that matter straight to your inbox.

    About
    About

    Celebrating US from one end of the land to the other. We record our acts, our accomplishments, our sufferings, and our temporary defeats throughout the diaspora. We bring content that is both unique and focused on showing the world our best unapologetically.

    X (Twitter) Instagram YouTube

    Pot, Power and Politics: Inside the Censure of Regent Wanda James

    By Danielle Bennett

    What Happened to the Black Male Tennis Star?

    By FirstandPen

    History Made: Ana Maria Gonçalves Joins Brazil’s Literary Elite, Breaking a 128-Year Barrier

    By Veronika Lleshi

    Serrano-Taylor III Proved the Power of Women’s Sports—Again

    By FirstandPen

    Subscribe to Updates

    A free newsletter delivering stories that matter straight to your inbox.

    © 2025 TheHub.news A 501(c)(3) tax-exempt organization.

    Type above and press Enter to search. Press Esc to cancel.