After denouncing the idea of tracking my networth for a year or two I started tracking my net worth since January 2011 and after my smallest gain in May 2012 and my first negative month in June 2012 I am back track!

Since I am not comfortable sharing whole numbers I provide growth information.  I am well aware of the shortcomings of the calculation method, but have promised that if I grow to 400% from that Jan 2011 number I would share it with everyone.

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 finally move.  I am excited to think of the possibilities when this isn’t our main focus.
  • My 401(k)
  • Random Non-Qualified Investment Accounts
  • The Wife’s Roth IRA
  • My favorite personal finance item, my small but Awesome Dividend Investment Portfolio
  • Home Value
  • My Traditional IRA – Which I started actively trading a few months back 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?

  • Car loan  – My car is paid off and I don’t consider it an asset and The Wife leases her car.
  • 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 and since I keep myself cash poor there isn’t a reason to track the account

My Net Worth Growth

  • From June 2012 to July 2012 my net worth increased 4.12%
  • Year to Date my net worth has increased 26.78%
  • From January 2011 to July 2012 my net worth has increased 119.05%

How was your financial month?