Net Worth Update 2022

This is my third-ever net worth update. If you haven’t read my first two net worth updates, you can check them out here:


This post is all about my 2022 net worth update.

net worth 2022


How to Calculate Your Net Worth

For starters, if you’re not sure how to calculate your own net worth, here’s a quick how-to!

To calculate your net worth, subtract your liabilities from your assets. Your liabilities are things like credit card debt, student loan debt, or car debt, and your assets may be things like a car that you own, your investments, a house you own, or cash (like your emergency fund or other savings).

Net Worth = Assets – Liabilities


My Net Worth Breakdown



I don’t have any debt currently. I use a credit card in order to collect airline miles, so I’ll carry a balance on my credit card from time to time, but I always pay it off every month. Because of this, I consider myself to be credit card debt free.

Additionally, I paid off my student loan debt in 2020 (about $60,000 worth) so I don’t have student loan debt anymore. Here are some ways I did that.

I do have a car, but it is a paid off, 2006 Toyota Camry. It was a gift from my parents when I was in college back in 2012. Because of this, I’ve never had a car payment, which I am very grateful for!



My net worth is made up of a few different investment accounts.



I recently rolled over my old 401(k)s with Capitalize (highly recommend them if you need to do the same) into IRA accounts, so my 401(k) is a little lower than in years past.

I’ve been investing in a 401(k) account ever since I first started working back in 2015. Every time I’ve ever gotten a new job (3x now),  setting up my 401(k) is always a top priority, and I’ve always made sure to at least invest up to the company match.

This year, I’m trying to “max out” my 401(k) account. “Maxing out” means investing up to the maximum amount allowed in that account per tax year. The maximum amount seems to change every year, but for the 2022 tax year, that amount is $20,500 in a 401(k) – so that’s what I’m trying to get to. I’m a little over halfway there!


Roth IRA

My Roth IRA holds a good chunk of my investments. I didn’t start investing in a Roth IRA until just a few years ago.

If you’re not familiar with Roth IRAs, you can read this really simple breakdown.

This year, I intended to max it out. I wasn’t putting a certain percentage of my paycheck towards it every month, but my strategy was to put any extra money that I came by into that account, in order to hit the max for the 2022 tax year ($6,000).

But since creating my new savings goal of saving $30k by the time I’m 30 (in July 2023), I have shifted my priorities a little bit. Now, extra money I would’ve put toward my Roth IRA goes toward my savings account. More on that in a bit.


Traditional IRA

I also recently opened a Traditional IRA account when I switched jobs. I had to do this when I rolled over my old 401(k) with Capitalize because half of my 401(k) balance was pre-tax (AKA money that would be taxed when I pulled it out). That’s not really important, though, lol. What is important is…

If you haven’t heard of Capitalize, it’s a free tool that you can use to roll over your old 401(k). I used them recently and had a GREAT experience. I wrote all about that experience in this post.



An HSA is a Health Savings Account. There is a certain amount of money you can put into this account (maximum) each year, too. For the 2022 tax year, that amount is $3,650. I intend to max out this account this year as well. I’m over half way there.


Employee Stock Purchase Plan

Lastly, I invest through my company’s employee stock purchase plan. Every paycheck, I buy a certain amount of my company’s stock at a discount.


Other Assets

There are a few other assets that I count toward my net worth calculation.



Another asset I consider toward my net worth is my 2006 Toyota Camry. It has almost 200k miles on it (yikes, lol) but still drives like a dream!! And I love it haha.

According to Kelley Blue Book, my car’s value this year is around $2,230. It’s gone down in value a couple hundred dollars from last year, but honestly, this makes sense.

I wish this car would last me forever!


Cash Savings

I save cash in a high-yield savings account. I recently decided to save $30k, so that’s my goal currently. I had a $5k emergency fund which I decided to put toward this goal. Right now, I have about $7k in cash savings.


Current Net Worth

With my investments (~$95k), car (~$2k), and cash savings (~$7k), my net worth is now at about ~$104k. I’m super excited to have hit the $100k milestone!

It took me about 4 years to hit a net worth of $0.00. I officially hit a $0.00 net worth in October 2019 because at that point, my debt and my investments were equal at about $30k ($30k assets minus $30k liabilities = $0.00 net worth).

A few months later, in May 2020, I paid off the remainder of my student loan debt and therefore had a net worth of about $30k ($30k assets minus $0 liabilities = $30k net worth).

A little over 2 years later, I’ve hit a net worth of $100k simply by continuing to invest, save and avoid debt 🙂


Do you keep track of your net worth? Tell me in the comments!


Other posts you might like:



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Picture of About Taylor

About Taylor

A few years after graduating college, Taylor made it her mission to become debt free. After paying off all $60k of debt, she began to blog about what she's really passionate about: personal development. Nowadays, Taylor blogs about the topics of Mindset, Money, Health, and Career for women.

"It's Per$onal" is a super popular and anonymous blog series about the personal lives and finances of women all over the world. Check it out!

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