Category Archives: Net Worth

April 2008 Net Worth Update (+3,661.34)

April has been a great month. Our net worth increased $3,661.34 over last month, bring us to a total net worth of $31,437.95 (click on spreadsheet below). This puts us at 65.77% of our 2008 net worth goal of $47,800.What worked:We increased my 401(k) contribution by 1% to a total contribution of 5%. We invested $638.95 in retirement accounts (401(k) and Roth IRAs) this month and, with the recent market upswing, saw a total increase in our retirement accounts of $2,416.09! We also increased our savings Read more [...]

March 2008 Net Worth Update (+$82.80)

The roller coaster stock market continued in March. Thank God we were able to eek out $82.80 ahead of our net worth last month, bringing us to a net worth total of $27,776.61 (click on spreadsheet below).What worked this month?Thanks to my wife’s $1,292.50 commission check, we were able to contribute a total of $800 to our Roth IRAs for the month. So, even with the rough stock market, our Roth IRAs are up $490.20.What did not work this month?While we contributed $212.40 to my company 401(k), we Read more [...]

February 2008 Net Worth Update (+$3,014.03)

February was a very good net worth increase month. Our net worth increased $3,014.03 from January to $27,693.81 (click on spreadsheet below). We are currently at 57.94% of our 2008 net worth goal of $47,800.What worked this month?Our retirement accounts (401k and Roth IRAs) went up by a total of $1,579.60! Thanks in part to our $400 contribution to our Roth IRA's. We also continued our 2nd mortgage accelerated payment plan by cashing out 6 days of my company vacation time for $1,239.53 and paying Read more [...]

January 2008 Net Worth Update (+$806.53)

Our net worth increase this month may not be as much as usual, but we’re still making progress. Our net worth increased $806.53 over last month, to $24,679.78 (click on spreadsheet below).What worked this month?Much went well this month. We began our 2nd mortgage accelerated payment plan by paying an additional $691.00 in principle, increased our savings account balance by $1,390.61, began our 2008 Roth IRA contributions with $300, and increased my 401(k) contribution by 1% (4% total contribution).What Read more [...]

2007 Net Worth Recap

Below is a table compiling our net worth data for 2007 (click on table to enlarge). Besides our monthly net worth growth, certain things jump out at me:Large increase in Pre-tax Retirement Accounts in September due to company profit sharingNo Roth IRAs until May; both fully funded by NovemberNew (used) vehicle in June; large vehicle depreciation adjustment in December Credit card debit completely paid off in NovemberLarge payment to student loan in March using tuition reimbursementReviewing our net Read more [...]

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 [...]