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 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 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 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 [...]
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 $1,000 was withdrawn from savings to transact the deal, and we spent another $321.94 getting the new vehicle outfitted with an alarm and a few other things.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 [...]
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 [...]
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.
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 [...]
A lot of progress was made since our February 2007 Net Worth update. We have a positive net worth! Thank God! It’s a great feeling to finally have a positive net worth, even if it is only $3,293.43.I can’t believe we were able to post a $6,462.28 change (click on spreadsheet below) to our net worth in one month. Over half of this increase was due to our Federal and State tax refunds ($2,044) and my wife receiving a $1,463 tuition reimbursement.Here are the highlights from March:Our 401(k) has Read more [...]
I will be updating our net worth on this blog at the end of every month.Below is our net worth for February 2007 (click on spreadsheet). I realize we're half way thru March already but wanted to use this as a starting point. As you can see, we currently have a negative net worth. Nowhere to go from here but up.February Notes:Purchase price used for condo value Read more [...]