June 2011 Net Worth Update

//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?

By | 2013-09-26T14:59:26+00:00 June 1st, 2011|Personal Situation|11 Comments

About the Author:

Evan is the owner of My Journey to Millions which was started to track his journey from a broke debt ridden law school graduate to building a positive balance. Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

11 Comments

  1. youngandthrifty June 1, 2011 at 4:37 pm - Reply

    Yeehawww! Congratulations that’s great 🙂

    • Evan June 5, 2011 at 7:33 pm - Reply

      Thanks I love your updates too

  2. The Wife June 1, 2011 at 6:59 pm - Reply

    Yay! I’m so proud of you!!! 🙂

    • Evan June 5, 2011 at 7:34 pm - Reply

      Proud of U-S! Not just me

  3. Sandy June 1, 2011 at 11:59 pm - Reply

    Up 33% in 5 months?!!! That’s beyond awesome. I’m salivating a little.

    • Evan June 5, 2011 at 7:35 pm - Reply

      Sandy do you do online updates?

      • Sandy June 5, 2011 at 11:41 pm - Reply

        Every month on the first of the month! I list soup to nuts but not net worth since it’s lovely and negative right now.

  4. retirebyforty June 2, 2011 at 10:37 am - Reply

    33% increase? That’s ridiculous! How did you do it? 🙂

    • Evan June 5, 2011 at 7:37 pm - Reply

      Just spending less than what I earn! It isn’t retire by 40 numbers but I am pumped

  5. Ginger June 5, 2011 at 7:52 pm - Reply

    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.

  6. Sunil June 19, 2011 at 12:43 pm - Reply

    33%? Can I invest in YOUR company?

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