Net Worth Update - December 2007 |
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It’s the middle of the month, so it’s time to review my net worth - or lack there of. Fortunately, despite not having a day job anymore, I was very pleased to see some gains in the bottom line. Last month I finished with $214K. This month, my net worth is $219K.
Here is a quick breakdown of how things unfolded this month:
- My retirement accounts grew $2,000 - the result of a bounce back from the stock market.
- The value of my home equity stayed very much the same. The change was less than $100.
- My petty cash and cash equivalent accounts rose by $3,000 making up for the difference.
I thought it might be interesting to chart my net worth by the month and include it here (you’ll want to click the thumbnail to expand it). From month to month, it definitely fluctuated, but by the end it headed in the right direction. Unfortunately, my goals for 2007 didn’t include my net worth. For this next year, I’ll have to change that.
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Next: Converting Your 401(k) to a Roth IRA
December 17th, 2007 at 7:17 am
no day job and still growing the net worth, that’s impressive. Thank God for compound interest.
December 17th, 2007 at 11:56 am
$5K in a month isn’t too shabby, especially with not working, congratulations!
December 17th, 2007 at 2:03 pm
Growing your net worth without a day job is a great example for people who say they cannot save money!