June 2011 Net Worth Update

June 2011 Net Worth Update

This past month was a pretty good month for Evan’s household.  I received my tax refund and my side businesses really took off towards the end of the month.  I will fully admit that this month my partner rocked it out – most months we are about even on revenue but in May he killed me…I am hoping to show him what’s up in June. I am pretty proud of the fact that in addition to growing my investable assets I have paid off approximately $10,000 of debt (and not CC Debt either I don’t have any of that).

Early this year, I started a system of tracking my net worth where I calculated my net worth and zero it out so I could share with everyone my ups and downs.  So far I have only had ups this year.

The assets I include are:

The liabilities I include are:

What is missing?

  • Credit Card debt – Don’t have any except a revolving AMEX account so no reason to put it up
  • Checking Accounts – Always changing and moving kept low on purpose so no reason to track it
  • Cars – I have no idea why people count cars as an asset.  Its transportation not an asset.
  • Jewelry – I joke that The Wife’s hand is worth more than my car…but there is NO way anything is being pawned/sold so why list it as an asset?

My Net Worth Update

  • From May 2, 2011 to June 1, 2011 my net worth has increased 8.69%
  • From January 18, 2011 to June 1,2011 my net worth has increased 33.36%

If everything goes to plan, within the next six weeks I’ll be able to fully eradicate the auto loan (it was at about $8,000 in January of 2011) so that will feel great!

The plan is pretty simple going forward:

  1. Keep hoarding cash
  2. Slowly build investable assets
  3. After the Car Note is complete I am going to slow down debt repayment since liquidity is much more important to me in the next 6 months or so.

How was your month? Do you have an update?

11 Responses to June 2011 Net Worth Update

  1. 33% is amazing, I only hit about 1% per month on average. But, you have pushed me to think of more was to earn more money, and spend less.

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