Between a combination of my side business income and market forces this was a pretty good month for my household.  On January 18, 2011 I decided to start a new way to track my net worth.  I created a private spreadsheet and zeroed out my net worth. By starting at Zero, I can share my growth without sharing my actual account balances.  Some people like it some people don’t.

Assets I Include in my Net Worth Calculation

  • Liquid Savings Account
  • My 401(k)
  • Non-Qualified Investments
  • Wife’s Roth IRA
  • My Perpetual Income Machine
  • Value of my House

Liabilities I Include in my Net Worth Calculation

  • Student Loans
  • Auto Loan
  • Mortgage

You’ll notice missing from the equation Cars (don’t see them as an asset), Jewelry (not an asset), Credit Cards (don’t have any CC debt except revolving American Express – discussed below) and Checking Accounts (they are a pass through entity with only $1,000 – $2,500 at any given time).

From April 2011 to May 2011 my net worth increased 5.54%

From January 18, 2011 to May 1, 2011 my net worth has increased 22.70%!

I know 22% can mean $100 to $122 OR $100,000 to $122,000 OR $1,000,000 to $1,220,000, well it is obviously not the last one lol, but I think sharing just the percentage is enough for some people’s curiousity.

Next month should be great since my tax refund is currently in the interwebs hitting certain accounts.

My American Express Premier Gold Review

Since August of last year The Wife and I have been using our Gold Amex card whenever possible.  The American Express Gold Card is a charge card, not a credit card so it has to be paid off in full every month.  That actually benefits us, since we are not looking to have any credit card debt.  So The Wife and I use it as a super charged, super protected debit card since American Express makes it really easy to send payments in.

Remember this is a charge card so it must be paid off every month.

They run fantastic promotions like this one: