November was a mixed month as I celebrated (yet again) my 30th birthday and I had a great thanksgiving weekend, but fiscally speaking it was sub-par at best and frustrating at worst. Despite increasing my 401(k) contributions, saving more liquid cash than average and buying more dividend paying stocks then I ever had before I basically tread water this past month.
What is Included in My Net Worth?
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 will update in the next week to include other dividend lists besides the dividend aristocrats
- Value of my House
- My Traditional IRA
The liabilities I include are:
- Law School Loans
What is missing?
- Car loan – Paid it off about 6 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
How I Calculate my Net Worth?
The simple answer is subtract liabilities from assets, but I am not entirely comfortable putting the number completely out there, so I came up with a system where I took my January 2011 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.
- From November 1, 2011 to November 30, 2011 my net worth increased only 1.32%
- From January 2011 to November 30, 2011 my net worth has increased 64.41%
I am always happy with a positive increase it is a bit disheartening to do everything right throughout the month and to a greater extent then I have ever before just to stay in the same basic place.
Will I do anything different? Probably not since it seems that my net worth is starting to get tied more and more to the stock market.
How did you do this month?