My March 2012 Net Worth Update

//My March 2012 Net Worth Update

My March 2012 Net Worth Update

At the beginning of each month I calculate to see if my net worth has gone up or down and share that with all my readers.  Quick knock on wood because I have not had a down month in the 14 or so months since I started tracking my net worth.

However, because I am not comfortable sharing my exact net worth I share my gain’s in a percentage compared to that of January 2011 when I took my positive net worth and made it $0.  This way I can share with the reader some of my information (i.e. how I am doing) but not so much where I am uncomfortable.  I am well aware of the limitations of this system.

Calculating my Net Worth

The assets I include are:

  • My Cash Savings Accounts – This has been my main focus for over a year, as we will need all the cash we can get when we upgrade our living situation.  Considering my house is going on the market TODAY March 1st, 2012 this is becoming very real.
  • 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
  • Value of my House – I have kept this constant choosing to ignore this variable.  It should be interesting to see whether I close north or south of that number and how that will affect my net worth since this is my biggest asset (even net of liabilities).
  • My Traditional IRA – Which I started actively trading this week.  I will provide an update to the system I am using.

The liabilities I include are:

What is missing?

My Net Worth Growth

  • From February 1, 2012 my net worth has increased 5.02%
  • Year to Date my net worth has increased 13.04%
  • From January 2011 to February 2012 my net worth has increased 95.30% – I think next month will finally be the month where I double my net worth!

Most of my gains this month have come from the market and not from saving and paying down long term debt.  I am not sure that is a good or bad thing, but rather inevitable, as the amount that I save or the amount I am comfortable throwing at debt will have less and less impact. I should note that I refuse to say that the market gains are luck as I will explain in another post what I have been doing with my IRA recently.

How did you do so far in 2012? Please share your links below!

By | 2013-09-26T14:56:29+00:00 March 1st, 2012|Personal Situation|23 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. C The Writer March 1, 2012 at 11:13 am - Reply

    “How did you do so far in 2012?”

    As you well know, not too well.

    let’s just put it all out there!

    Student loans: 44,339
    Credit card debt: 22,300

    401k: Maybe $800
    Money in the bank: Um…$300?

    And that’s about it.

    • Evan March 1, 2012 at 12:18 pm - Reply

      That CC debt will be wiped clean soon enough, right?

      • C The Writer March 1, 2012 at 12:35 pm - Reply

        Yes, but that’s not something I’m terribly proud of, and nothing can be done to make my student loans go away. Note, I didn’t say “be paid,” I said go away.

  2. AverageJoeMoney March 1, 2012 at 11:23 am - Reply

    We got rid of a car payment this month (and went from three cars to two), so although February was about the same (outside of investment gains) March and on should be good for us.

    Congrats on the huge net worth gains over the last 12 months! Doubling over that short a time isn’t an easy task.

    • Evan March 1, 2012 at 12:19 pm - Reply

      Why did you get rid of a car? Why did you have 3? Have a kid driving?

      • AverageJoe March 2, 2012 at 3:16 am - Reply

        I was going to give you a Mitt Romney “my wife drives two Cadillacs….” but decided against it.

        Two kids driving (16 yr old twins). My daughter totaled the 3rd car. Decided it was a good time to teach my kids cause and effect.

        • C The Writer March 2, 2012 at 2:09 pm - Reply

          Thank you for reminding me of reason #754784 that I’m not having kids. 🙂

  3. Tushar March 1, 2012 at 12:33 pm - Reply

    That’s a nice jump in your net worth.
    For us, 2012 is looking pretty good too. The online website business is doing well, so net worth is going up!

    • Evan March 7, 2012 at 4:14 pm - Reply

      I am happy to hear you and The Wife are doing good! Do you outline your successes online? I’d love to take a look

  4. Marie March 1, 2012 at 1:34 pm - Reply

    good work! my net worth keeps increasing, but that’s really not saying much since it’s only been positive for a few months!

    • Evan March 7, 2012 at 4:14 pm - Reply

      THAT’S FANTASTIC! Was most of your debt consumer debt or fixed debt?

  5. Jenna March 1, 2012 at 1:38 pm - Reply

    Congrats on the increase! 2012 is feeling a little tight for me. But hopefully things will pan out in the future.

    • Evan March 7, 2012 at 4:23 pm - Reply

      Why the tightness?

  6. The Financial Blogger March 1, 2012 at 11:27 pm - Reply

    95%! I hope for you that your net worth was 300K a year ago 😉

    I’m in the negative growth for February but January has been awesome ;-D.

    • Evan March 7, 2012 at 4:24 pm - Reply

      It was not 300k a year ago! A good amount lower than that, but everyone has to start somewhere.

  7. Jeff March 2, 2012 at 12:47 pm - Reply

    That is awesome evan! Hopefully you’ll be able to double your net worth by the end of march!

    • Evan March 7, 2012 at 4:28 pm - Reply

      I would be really excited if I could! Unless I close a few HUGE deals it will be based solely on the market

  8. Julie March 3, 2012 at 3:39 pm - Reply

    Slow and steady wins the race, right?
    Good job this past month!

    • Evan March 7, 2012 at 4:59 pm - Reply

      Hmmm I prefer FAST AND STEADY but I’ll take it. Thank you for the well wishes.

  9. Miiockm March 4, 2012 at 8:45 pm - Reply

    Congrats on the gain, 5% each month would add up quickly.

    • Evan March 7, 2012 at 5:09 pm - Reply

      It is starting to! Thanks

  10. FKO March 6, 2012 at 10:23 pm - Reply

    I would be thrilled with a 5% increase (month-over-month). Perhaps you will be pleasantly surprised when you sell your house and can add even more to your bottom line.

    • Evan March 7, 2012 at 5:10 pm - Reply

      Well I have been using a steady amount for the house value so I am just going to be shifting from asset class – equity to asset class Cash. If anything it may go down due to waste (attorneys, agents, etc.)

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