May 2012 Net Worth Update

While I still made positive movement this month, it was probably one of the lowest upticks I ever had since I started tracking my net worth and providing updates about 14 months ago.

Calculating my Net Worth

The assets I include are:

  • My Cash Savings Accounts – This has been my main focus for well over a year, as we will need all the cash we can get when we upgrade our living situation.  Just a reminder our current home went on the market 60 days ago and I just provided the newest update to selling my home and buying a new one yesterday.
  • My 401(k)
  • Random Non-Qualified Investment Account – Used to be my trading account until I realized it wasn’t worth the headache
  • The Wife’s Roth IRA
  • My favorite personal finance item, my small but Awesome Dividend Investment Portfolio
  • Value of my House – I have kept this constant choosing to ignore this variable.  It should be interesting to see whether I close north or south of that number and how that will affect my net worth since this is my biggest asset (even net of liabilities).
  • My Traditional IRA – Which I started actively trading last month using a Covered Call Strategy and even created a page to track all my gains (and loses)

The liabilities I include are:

While I am lucky to only have 2 main liabilities, they are very significant.

  • Law School Loans
  • Mortgage

What is missing?

My Net Worth Growth

  • From April, 2012 to May 2012 my net worth increased only 2.04% 
  • Year to Date my net worth has increased 22.48%
  • From January 2011 to April 2012 my net worth has increased 111.60%

How did you do the past month? Feel free to leave your link the comments!

Subscribe To Our Newsletter
  • Facebook
  • Twitter
  • Google+
  • Buffer
  • reddit

Subscribe To Our Newsletter

Join our mailing list to receive the latest posts and updates from our team.

You have Successfully Subscribed!

About the author

Evan

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 balance sheet that would make most proud.  He has been married for 4 years and is the father of an awesome 2 year old boy.  Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

21comments

Leave a comment:


Share This