July 2012 Net Worth Update

//July 2012 Net Worth Update

July 2012 Net Worth Update

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?

By |2013-11-13T15:10:47+00:00July 2nd, 2012|Personal Situation|18 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


  1. Funny about Money July 2, 2012 at 6:02 pm - Reply

    Not too tacky.

    Here’s an idle and probably incredibly dumb question: Are payments on law school loans deductible, since after all you make a noticeable part of your living with expertise gained in law school?

  2. Jenna July 2, 2012 at 6:44 pm - Reply

    Congrats on the increase! I’m doing okay. I’d feel more comfortable with a roommate to help pay for things, but that will come in time.

    • Evan July 7, 2012 at 3:50 pm - Reply

      Get on that ASAP! Have anyone in mind?

  3. Lance July 2, 2012 at 9:19 pm - Reply

    Congrats on the positive net worth growth. The last stock market day in June definitely helping out anyone in stocks 🙂

    • Evan July 7, 2012 at 3:51 pm - Reply

      You are 100% correct Lance. It is so annoying how reliant my net worth is on the market, but I guess that is life for now.

  4. Jacko July 6, 2012 at 1:25 pm - Reply

    Add some gold and silver in there. This paper is tainted with crimes that may cause another lehman bros or two before its all over. The thing in greece is 100 times worse than people think.

  5. C The Writer July 6, 2012 at 6:18 pm - Reply

    If you don’t have car loans or cc debt, maybe stop posting that “What’s Missing?” thing? Just a thought.

    • Evan July 7, 2012 at 4:35 pm - Reply

      Reasonable, but I like to remind myself how far I have come

  6. C The Writer July 6, 2012 at 6:19 pm - Reply

    Also, why won’t you state what your actual net worth is? Mine is negative 45000. There. I said it. Is that really so hard?

    • Evan July 7, 2012 at 4:37 pm - Reply

      I used to share my CC debt when I was battling it. I don’t feel comfortable sharing my number since I have people in my life who read this blog

      • C The Writer July 8, 2012 at 2:38 pm - Reply

        Unlike little ol’ me who blogs 100 percent anonymously.

        I love reading between lines.

        • Evan July 8, 2012 at 11:05 pm - Reply

          There is no reading between the lines. Not everything I say is meant to attack…jebus

          • C The Writer July 9, 2012 at 11:41 am - Reply

            No, just 90% of what you say.

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