November Net Worth–Remember To Back Up Your Information Edition

I was shocked earlier this month when I went to update my Net worth spreadsheet only to find it was corrupt! I am not exactly sure what happened but since the file was password protected I couldn’t find anyone that could do both, extract the non-corrupt information and decrypt said information.  I thought that this 10 month experiment of zeroing out my net worth and sharing just my growth.  So consider this my PSA – Back up your files!

Since I have provided my growth on a month to month basis I was able to figure out the whole number result up to my last update.  I did lose about 6 months worth of individual balances but in the end that is nothing compared to knowing the whole number (and subsequent percentage) for purposes of tracking my progress.

Just as a reminder earlier this year I started tracking my net worth, but wasn’t entirely comfortable putting the number completely out there, so I came up with a system where I on January 18, 2011 I took my positive net worth made it a zero.  Feel free to check out my absolute zero net worth post.  This way I can share my gains and loses.

The assets I include are:

  • My Cash Savings Accounts
  • My 401(k)
  • Random Non-Qualified Investments Accounts
  • The Wife’s Roth IRA
  • My Small but Awesome Dividend Investment Portfolio which I may change soon to include other dividend lists besides the dividend aristocrats
  • Value of my House
  • My Traditional IRA

The liabilities I include are:

What is missing?

  • Car loan  – Paid it off a couple months ago.
  • 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 – Wife’s is leased and I don’t consider mine an asset

My Net worth Update

  • From to October 1, 2011 to November 1, 2011 my net worth increased 5.54%!
  • From January 18, 2011 to August 1,2011 my net worth has increased 62.27%!

The previous two months I complained about the market, well it sees that until I leave my current income plateau it seems that the market will have more and more of an impact on my net worth….pretty frustrating.  I currently have three very viable streams of income between this blog, another online advertising venture and my “day job.”  I think it may be time to start another small one that wouldn’t take much time, but we’ll see I am spread pretty thin right now in terms of time.

 

How Was Your Month?

http://www.myjourneytomillions.com/articles/day-job-profession/

27 Responses to November Net Worth–Remember To Back Up Your Information Edition

  1. My blog has started to generate some income over the last couple of months. I figured my potential gains from my day job were more likely to be significant than what I earn blogging, but it really puts things in perspective when my annual raise increased my monthly paycheck by LESS than my new monthly blogging income!

    • Evan says:

      There is almost zero chance that Blogging will ever touch my income at my job especially when you add in all the benefits of a match and insurance. Notwithstanding it is a FANTASTIC source of secondary income. Fantastic!

  2. Liquid says:

    “Not backing up one’s data to insure it’s safety is like forgoing free insurance.” – KS

  3. Hunter says:

    Nothing worse than losing digital info, especially something as simple as a spreadsheet. Tough lesson. Congratulations on a strong month, and a stronger year.

  4. I saved the net worth data in a usb stick and the hard drive so it should be ok. October was quite good since the market went up quite a bit. At this point, market fluctuation effect my net worth much more than additional investment.

  5. I’ve had some spreadsheets that go awry over time as well; it’s maddening! I’m not sure how or why it happens. I had one that basically stopped updating all formulas even when the cell clearly showed a formula typed in. Oh well, definitely worth the reminder – back it up!

  6. I hate when that happens!

    I have a cheap jumpdrive that I use occasionally to backup my stuff. I created a batch file so all I have to do is double click the batch file and it runs while I go about my regular internet surfing ways…

    As for my net worth, I’m really going to have to start tracking it, I’ve been slacking on my financial awareness lately.

  7. I am getting ready to calculate my month. I just got power back last night and still have today off because my work is still dealing with the tree limbs. As a result, I have lots of free time to blog and get to my monthly budget! I can’t wait!

  8. Sorry to hear about losing your stuff. Try using Crashplan. We use it at home and it works awesome. It doesn’t cost a lot either.

  9. Jenna says:

    Thanks for the PSA. Glad you were able to figure out most of your numbers.

  10. Suba says:

    Sorry you couldn’t recover the data Evan. We use a usb/network drive and save it on Amazon cloud too. As we have our immigration documents in there it is even more important for us to back everything regularly.

    • Evan says:

      oooo immigration papers are a lot more important than my net worth calcs!

      I have a portable HD but its so clunky and big.

  11. Dana says:

    Sorry this had to happen to you. Thanks for the reminder (warning?) I’m not so good about backing up everything…

    I agree that a blog is a great second income :)

  12. Glen Craig says:

    My paranoia got the best of me over the summer and I finally got an external hard drive. I’ve also been playing around with using Amazon’s clod service for backups.

    It paid off when I had a site hack scare. I was able to find my last backup and restore the fiels I needed.

  13. Jen says:

    Awesome increase in your net worth. :-) A couple of years ago, I lost EVERYTHING and nothing could be recovered. Now, I do a back-up at least once per month, sometimes more often.

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