Comments on: Net Worth Update – August 2007

By: MoneyNing

MoneyNing — Sat, 18 Aug 2007 21:43:51 +0000

It’s great to hear that you are almost holding on to your total net worth number with all the market downturns. I sure can’t say the same because most of my net worth is in stocks right now :)

By: The Financial Blogger

The Financial Blogger — Thu, 16 Aug 2007 11:29:18 +0000

Hey Lazy,
That is pretty good considering the market situation. While I am saving on one side, I am losing about the same amount of money in the market. So my net worth statement stays the same for months now! Keep it up. I said it again, you are a real source of inspiration!

By: Tim

Tim — Thu, 16 Aug 2007 08:04:04 +0000

i hate this market and the idiotic selloffs from many fund managers who advise not to sell in these types of situations but are creating this situation because they are selling. good thing i have extra money in savings, because i have been unloading savings to buy more stocks. i too have lost about $1000-$1500 in each of my wife’s and my varying accounts (e.g. 401k, ira, mutuals, stocks). sucks but always a silver lining. go out and by some great stocks at these prices!!!

By: Lazy Man

Lazy Man — Thu, 16 Aug 2007 03:33:59 +0000

This is why I don't get a 0% credit card

By: Sun

Sun — Thu, 16 Aug 2007 02:05:00 +0000

Get a 0% credit card and you can pay off your HELOC right away and even make a few bucks :)

By: Joseph Sangl

Joseph Sangl — Thu, 16 Aug 2007 01:27:30 +0000

Way to go on bumping up the savings rate to 30% – you are really doing your part to raise the average savings rate of Americans!!!! Maybe Americans as a whole will show a least a 0.1% positive savings rate for once!

By: Lazy Man

Lazy Man — Wed, 15 Aug 2007 16:33:22 +0000

No, I’m not comfortable breaking it down into smaller bits. I write about a couple of areas each month, so you could go back and figure out mostly where I’m invested.

By: Dave

Dave — Wed, 15 Aug 2007 16:24:04 +0000

Got any screen captures showing your net worth?

By: Amber Yount

Amber Yount — Wed, 15 Aug 2007 16:17:30 +0000

Thanks! It still feels like we have a monkey on our backs…$112,000 is alot of debt >

By: Lazy Man

Lazy Man — Wed, 15 Aug 2007 15:59:06 +0000

Amber, I’m more impressed by your gain of $3,000 this month than my small loss. You’ve got ten years on me and you have a head start because you are doing all this at 21 and not 28-29 as I did.

By: Amber Yount

Amber Yount — Wed, 15 Aug 2007 15:20:53 +0000

Congrats. On a happy note, my own net worth went from a negative $115,000 down to a cool negative $112,000 this month. Go me! OK so not ANYWHERE near impressive. But big leap for us :) I lost about $50 in my IRA so far….but then I only have about $550 in there anyways. I think for the first time, I’m actually glad we just now started contributing (I’m only 21!!) That way I didn’t lose so much money >

By: Pinyo

Pinyo — Wed, 15 Aug 2007 14:29:14 +0000

Congratulation on getting married. Considering the market, $7000 (about 3.5%) is not bad at all. I lost a lot more than that in my 401k.