Since it’s the middle of the month, it’s time to update my net worth. I actually updated it a day or two ago on the website. Did you notice?
For the second month in a row, things moved significantly in the right direction. I was aided by a tax return of around $1,800. Yes, I shouldn’t loan the government money like that, but I can never be sure if I’m deducting the right amount.
Highlights of the month:
- I was able to pay off $2000 of my HELOC debt and it currently standing at $8,900
- I grew my Prosper account by around $450, mostly with new deposits.
- My retirement accounts were up another $2,000 – all from market gains.
- I’m putting more effort into my 401k starting this month… I’m contributing 20% of my salary
Comparison of major components of my net worth today to a year ago:
|Item||May 2006||May 2007|
|Cash & Possessions||$29,932||$42,277|
To sum up the whole month, I gained 3.6% this month – a showing that I’m proud of.