Category Archives: Net Worth

December 2007 Net Worth Update (-$3,301.44)

December was the first decrease to our net worth since we began tracking it in February. Our net worth decreased $3,301.44 from last month to $23,873.25 (click on spreadsheet below).What worked this month?While December was a roller coaster month in the stock market, thankfully, our investments ended on an up note.What did not work this month?December was a bad net worth month because of my poor accounting methods earlier in the year. As I mentioned in a previously post, I have not been depreciating Read more [...]

November 2007 Net Worth Update (+$2.01)

November has been a crazy net worth month due to the stock market volatility. Many times throughout the month, our net worth dipped over $800 below what we ended October with. We also had a few large annual bills come due this month including a $1,842.84 condo tax bill, $880 auto insurance bill (1 years coverage), and a $416 condo insurance bill (1 years coverage). That being said, we are thankful to have ended the month with a net worth increase of $2.01 over last month, for a total net worth of Read more [...]

October 2007 Net Worth Update (+$1,409.31)

October was a pretty average month all around. We increased our net worth $1,409.31 from last month, to $27,172.68. We've already passed our net worth goal for 2007, so any additional gains are gravy.What worked this month?My wife continues to bring in multiple streams of income. She brought in a $761.50 commission check for referring a customer to her father's company and a $752 commission check from old job. Another plus this month was that our retirement accounts (401K and Roth IRA’s) increased Read more [...]

September 2007 Net Worth Update (+$8,496.14)

September has been a banner month. Our net worth increased $8,496.14 over last month to $25,763.37 (click on the spreadsheet below). We blew by our 2007 net worth goal of $22,000 this month! Now we can use the final 3 months in 2007 to start making progress on our 2008 net worth goal of $47,800. Our previous best net worth increase month was March 2007, with a $6,462.28 increaseWhat worked this month?We have a lot to be thankful for. My wife was able to find a new job within a week of being laid Read more [...]

August 2007 Net Worth Update (+$2,205.39)

August has been a volatile month in more ways than one. Nonetheless, our net worth increased $2,205.39 over last month, to $17,267.23 (click on spreadsheet below). We are currently at 78.49% of our 2007 net worth goal. Thank God, we’re still ahead of schedule to meet our goal.What worked this month?I received an extra (3rd) check this month that provided us with an additional $1,880.70. We were able to increase our savings by $831.02, which is amazing because we had a couple of large expenses come Read more [...]

July 2007 Net Worth Update (+$2,039.64)

July was our lightest net worth increase month yet. Our net worth increased $2,039.64 over last month, to a new total of $15,062.84 (click spreadsheet below).Still, we had a better month than I expected, primarily because a $1,000 business expense has not posted yet . Here are the highlights from July: In an effort to sock away a bit more money, we increased my 401(k) contribution from 2% to 3%. My wife received an additional $1,674.68 in income in July that greatly helped boost our savings account Read more [...]

June 2007 Net Worth Update (+$3,979.67)

We had a lot of financial action in June. Our investments ended on a down note, but we still increased our net worth by $3,979.67, to $13,022.20 (click on the spreadsheet below).My wife received an extra $1,161.67 paycheck this month. I cashed in 6 days of vacation time for an extra $1,219.11. We sold Car 1 and bought a new (used) Car 1. $1,000 was withdrawn from savings to transact the deal, and we spent another $321.94 getting the new vehicle outfitted with an alarm and a few other things. Also Read more [...]

May 2007 Net Worth Update (+$2,604.03)

Our net worth is now at $9,042.53, a $2,604.03 increase from last month (click on the spreadsheet below). Our biggest gain came from a $600 increase in our 401(k), only $100 of which was from contributions. We also checked off another short term goal by opening a Roth IRA for my wife and funding it with $3,000 (thus the hit to our savings amount). Our liabilities were reduced by their standard monthly amounts, except for our Chase credit card that we paid $105 extra on.God willing, we should reach Read more [...]

Good Net Worth Progress

We have made good, consistent progress on our net worth and should reach a net worth milestone of $10,000 next month. In fact, if all goes as planned, our net worth in June will be roughly $11,000, half way to our 2007 goal of $22,000.

As we pay off debt and increase our investments, I’m beginning to feel how getting your money to work for you is a powerful thing. I’m sure there will be hiccups along the way but so far, we’re right on track.

April 2007 Net Worth Update (+$3,145.07)

I didn't expect us to match our huge net worth increase in March, but we had a good net worth increase in April (click on the spreadsheet below). Our total net worth is now $6,438.50, well on our way to our 2007 goal of $22,000.Some highlights from April follow:The nice boost to our net worth this month came thru a $1,147.24 (after taxes) commission check that my wife earned. We deposited $630.00 into our Emigrant Direct savings account for Roth IRA funding (once we hit $3,000 will be moved into Read more [...]