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Net Worth Update – October 2007

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It's the middle of the month and as regular readers know, that net worth calculating time! This past month was an interesting one and many factors contributed to fuel record growth.

  • With my forced resignation, I collected a severance check which gave the numbers a boost.
  • The stock market still loves the Federal Reserve's rate cut. That, along with some minor contributions boosted the amount in my retirement accounts by $12,000. I now have over $120,000 saved for retirement.
  • I paid off my HELOC! That's an exciting development and as a result my estimated home equity rose from around $50,000 to $55,000.
  • My cash, cash equivalents and possessions are closing in near $50,000.
  • My Prosper.com account rose above $9,300 as I continue to reinvest payments from other loans.

It all adds up to my net worth growing from around $210,603 to $229,685. Next month is going to be even more interesting than this one. For one, I currently won't be bringing in an income outside of blogging. For two, I'll be overseas for a couple of weeks on my honeymoon, surely spending money along the way.

Last updated on July 29, 2011.

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4 Responses to “Net Worth Update – October 2007”

  1. Charles says:

    Congratulations! It was a good month in the market, wasn’t it? I only wish I were as far along as you.

  2. Wow, another huge increase in net worth! Congrats!

  3. Mrs. Micah says:

    Congrats on paying off the HELOC. Such perfect timing.

  4. MoneyNing says:

    Great progress on your new worth! :) I’m glad that you were able to increase your wealth and I’m sure you will continue to increase this by leaps and bounds as time goes on (with or without a 40 hour/wk job).

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