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Net Worth Update – October 2007

July 29, 2011 by Lazy Man 4 Comments

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.

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Comments

  1. Charles says

    October 16, 2007 at 6:25 am

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

    Reply
  2. MillionDollarJourney.com says

    October 16, 2007 at 7:02 am

    Wow, another huge increase in net worth! Congrats!

    Reply
  3. Mrs. Micah says

    October 16, 2007 at 3:25 pm

    Congrats on paying off the HELOC. Such perfect timing.

    Reply
  4. MoneyNing says

    October 16, 2007 at 9:41 pm

    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).

    Reply

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