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Net Worth

I have dubbed this the Bloody Friday update. I have been putting off doing the update because I knew what it was going to look like. I know I have supported all of the decisions I have made over the last month. And while I don’t necessarily regret them you certainly get a good perspective on things when you write it all down. My net worth took a $30k hit last month. All of that hit was buying my wife’s new car. We paid a good chunk of change down on it so we could avoid being upside down. I could always “fudge” the number and put the value of the car in, it is $12k over what we owe but I do not consider a car an asset so that ain’t happening.

As you may have noticed I have been in and out of writing lately. I am working on time management but I have been working on building up my business and it is taking more and more of my time lately. I am really enjoying the work I am doing, if you are interested in keeping up you can check out my recent projects, I also do WordPress consulting and programming if you ever need help with your blog.

Assets
Cash Savings$13,932.00-$5,636.00
IRA$10,180.00-$495.00
Roth IRA$4,081.00+$112.00
401k$53,606.00-$1,382.00
Other Investments$760.00+$68.00
$82,559.00
Liabilities
Credit Cards$2,643.00+$921.00
Car Loan$22,108.00+$22,108.00
$24,751.00
Net Worth$57,808.00-$30,362.00

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Yesterday was a tough day in the South East. Storms ripped across the state of Tennessee laying waste to many homes and at least 11 lives. Luckily we live in the valley and most of the storms break up coming through the plateau so the worst we saw was some heavy rain and a 5 hour long power outage. Nashville got 13″ of rain in two days which was more than twice the previous record. Keep those families who are dealing with flooding or the loss of loved ones in your minds as you go through your day today. Nature is a fickle thing and it doesn’t care what the balance of your bank account is.

For those of you who do care, here is my Net Worth update for the month. We picked up some temporary credit card debt paying for an upcoming trip to see my cousin get married. It will be paid off before the bill comes this month. Otherwise things are still on the up and up, I opened my investing account this past month and have already lost $12! Go me.

Assets
Cash Savings$19,568.00+$759.00
IRA$10,675.00+$216.00
Roth IRA$3,969.00+$377.00
401k$54,988.00+$1,852.00
Other Investments$692.00+$539.00
$89,892.00
Liabilities
Credit Cards$1,722.00+$1,722.00
$1,722.00
Net Worth$88,170.00+$2,021.00

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It has been a beautiful weekend here in the south east. I was able to get a lot of work done in the yard and catch a couple of great tennis matches. I ended the weekend on a super high note by working out the math on my Net Worth update. This is the first time I have ever done the calculation with a giant goose egg in the debt column!! With an increase of over $14,000.00 we are well on our way to reaching the $100k mark then upwards and onwards to $1,000,000.00.

Assets
Cash Savings$18,809.00+$782.00
IRA$10,459.00+$500.00
Roth IRA$3,592.00+$181.00
401k$53,136.00+$3,724.00
Other Investments$153.00+$6.00
$86,149.00
Liabilities
Credit Cards$0.00-$1,584.00
Student Loans$0.00-$7,824.00
$0.00
Net Worth$86,149+$14,601.00

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March ’10 Update

March 4, 2010

March is here finally and hopefully winter will finally stop. I am sick of snow and cold weather. I live in the south east, this isn’t supposed to happen. I have seen more snow this year than in the previous 16 years combined. It is starting to wear on me. I miss my barbecue and […]

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February ’10 Update

February 3, 2010

I can’t believe another month has already passed us by. Time flies it seems these days, between my day job, two kids, and this blog I don’t really find myself wondering what to do with my free time anymore. Financially the close out to January hurt pretty bad, it just hasn’t been a good month […]

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