October 2011 Net Worth Update

//October 2011 Net Worth Update

October 2011 Net Worth Update

Earlier this year I started tracking my net worth, but wasn’t entirely comfortable putting the number completely out there, so I came up with a system where I on January 18, 2011 I took my positive net worth made it a zero.  Feel free to check out my absolute zero net worth post.  This way I can share my gains and loses.

The assets I include are:

  • My Cash Savings Accounts
  • My 401(k)
  • The Wife’s Roth IRA
  • My Small but Awesome Dividend Investment Portfolio which I recently updated
  • Value of my House
  • My Traditional IRA

The liabilities I include are:

What is missing?

  • Car loan  – Paid it off a couple months ago.
  • 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 –  Lets be real The Wife isn’t going to let me pawn it so I can pump up my cash account so why include it.

My Net worth Update

  • From September 1, 2011 to October 1, 2011 my net worth only increased 1.83%
  • From January 18, 2011 to August 1,2011 my net worth has increased 53.75%

I have complained the last 2 months about my 401(k) and this another month in which I am going to do the same! My 401(k) is at the lowest point since January 2011 despite throwing hundreds upon hundreds of dollars per month!  I’ll continue to ignore it until next month when I do this same post and go ape shit once again.

How was your month? Do you have an update?

By |2013-09-26T14:57:31+00:00October 3rd, 2011|Personal Situation|15 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. Financial Samurai October 3, 2011 at 12:25 pm - Reply

    Good YTD progress! Just let us know how much you’re balling!

    • Evan October 6, 2011 at 8:47 am - Reply

      Thanks! Just sucks that most of the YTD progress happened at the beginning of the year. I have since been treading water as my investments go down the tube.

  2. Shannyn October 3, 2011 at 5:13 pm - Reply

    Gah, I really need to track my net worth. This is the second PF blog post I’ve read today with updates and I think it’s a swift reminder I need to get on it! I haven’t checked in with my assets in a year so I think I’m cheating myself out of progress by being ignorant!

    • Evan October 6, 2011 at 8:48 am - Reply

      I didn’t get on the net worth tracking bandwagon until 9 months ago (that absolute zero post I linked to).

      It can be encouraging but man is it frustrating sometimes LOL

  3. Jeff October 3, 2011 at 9:35 pm - Reply

    I count my car, If I REALLY need money I can sell it and get 6K of course i’d be walking every where but its an asset 🙂

    and you cant beat a 50% growth over 8 months!

    • Evan October 6, 2011 at 8:49 am - Reply

      I live on Long Island I don’t even know if there is a bus system here LOL! Selling my car is NOT an option unless it is to buy another car (which I have about 40 or 50K miles to go on that one).

  4. 20's Finances October 4, 2011 at 7:44 am - Reply

    That’s phenomenal growth in 6 months. Then again, if you went from 10 dollars to 15, it might not be as good. 🙂

    P.S. Thanks to you (and a couple other pf bloggers), I am now keeping track of my net worth. Still debating whether to publish it or not.

    • Evan October 6, 2011 at 8:50 am - Reply

      Publish it! If you want use my technique of percentage – this way you don’t have to share hard numbers.

      Come on back and provide the link I’d love to check it out.

  5. LaTisha October 4, 2011 at 12:32 pm - Reply

    What a nice percentage to see for the YTD growth! How did your accounts do after the rocky summer markets?

    • Evan October 6, 2011 at 8:52 am - Reply


      The only account that is not completely in the toilet is my Dividend Investment Portfolio where I hand pick undervalued stocks. My 401(k) and IRA are completely destitute.

      • LaTisha October 6, 2011 at 5:59 pm - Reply

        Ouch! Sorry to hear that. Yeah, I’m going to have to do some reevaluating also. Everything got hit this summer.

  6. Sunil October 4, 2011 at 2:31 pm - Reply

    markets are in the toilet bowl. i can join you in the going ape shit tour van. i am sure we can recruit a ton more on our journey

    • Evan October 6, 2011 at 9:13 am - Reply

      I am positive we would have a very full van lol

  7. Blinkin October 4, 2011 at 4:05 pm - Reply

    “Ape shit” is understandable right now.

    • Evan October 6, 2011 at 9:15 am - Reply

      It is so frustrating because I know I am doing the right thing by ignoring it, but it hurts every month lol

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