June 2011 Net Worth Update

by Evan

This past month was a pretty good month for Evan’s household.  I received my tax refund and my side businesses really took off towards the end of the month.  I will fully admit that this month my partner rocked it out – most months we are about even on revenue but in May he killed me…I am hoping to show him what’s up in June. I am pretty proud of the fact that in addition to growing my investable assets I have paid off approximately $10,000 of debt (and not CC Debt either I don’t have any of that).

Early this year, I started a system of tracking my net worth where I calculated my net worth and zero it out so I could share with everyone my ups and downs.  So far I have only had ups this year.

The assets I include are:

The liabilities I include are:

What is missing?

  • 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 – I have no idea why people count cars as an asset.  Its transportation not an asset.
  • Jewelry – I joke that The Wife’s hand is worth more than my car…but there is NO way anything is being pawned/sold so why list it as an asset?

My Net Worth Update

  • From May 2, 2011 to June 1, 2011 my net worth has increased 8.69%
  • From January 18, 2011 to June 1,2011 my net worth has increased 33.36%

If everything goes to plan, within the next six weeks I’ll be able to fully eradicate the auto loan (it was at about $8,000 in January of 2011) so that will feel great!

The plan is pretty simple going forward:

  1. Keep hoarding cash
  2. Slowly build investable assets
  3. After the Car Note is complete I am going to slow down debt repayment since liquidity is much more important to me in the next 6 months or so.

How was your month? Do you have an update?

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11 comments

youngandthrifty June 1, 2011 - 4:37 pm

Yeehawww! Congratulations that’s great 🙂

Reply
Evan June 5, 2011 - 7:33 pm

Thanks I love your updates too

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The Wife June 1, 2011 - 6:59 pm

Yay! I’m so proud of you!!! 🙂

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Evan June 5, 2011 - 7:34 pm

Proud of U-S! Not just me

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Sandy June 1, 2011 - 11:59 pm

Up 33% in 5 months?!!! That’s beyond awesome. I’m salivating a little.

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Evan June 5, 2011 - 7:35 pm

Sandy do you do online updates?

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Sandy June 5, 2011 - 11:41 pm

Every month on the first of the month! I list soup to nuts but not net worth since it’s lovely and negative right now.

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retirebyforty June 2, 2011 - 10:37 am

33% increase? That’s ridiculous! How did you do it? 🙂

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Evan June 5, 2011 - 7:37 pm

Just spending less than what I earn! It isn’t retire by 40 numbers but I am pumped

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Ginger June 5, 2011 - 7:52 pm

33% is amazing, I only hit about 1% per month on average. But, you have pushed me to think of more was to earn more money, and spend less.

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Sunil June 19, 2011 - 12:43 pm

33%? Can I invest in YOUR company?

Reply

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