April 2016 Net Worth Update

May 03

April 2016 Net Worth Update

Each month I review my financial position and determine how my decisions in the past month impacted the numbers. My journey from red to riches is going to be a long one, but it’s a journey that can be done. These net worth updates are meant to be a catalyst to readers that may be in a similar position to realize it’s possible to climb out of the hole.

My net worth increased $5,640.12 from March to April.

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March 2016 Net Worth Update

Apr 05

March 2016 Net Worth Update

Each month I review my financial position and determine how my decisions in the past month impacted the numbers. My journey from red to riches is going to be a long one, but it’s a journey that can be done. These net worth updates are meant to be a catalyst to readers that may be in a similar position to realize it’s possible to climb out of the hole. Follow me on Twitter! My net worth increased $3,486.42 from February to March. YTD, my net worth increased $7,302.19. As a result, I’m ahead of my goal of $25,000 goal with some help from Mr. Market. However, as I mentioned in my 2016 goals, I am removing the market impact from my net worth updates to better understand what my direct contribution was during the month. Well, Mr. Market accounted for $1,593.54 of the increase in my net worth this month (for those of you that are curious, simply take Beginning Balance – Ending Balance – Contributions + Withdrawals = Market Impact for any investment accounts). This means my net worth would have increased $1,892.88 if I remove Mr. Market (ie: this is what I can directly attribute to my actions). YTD With Mr. Market:        +$7,302.19 YTD Without Mr. Market: +$5,976.76 Below is a summary of my financial position followed by some footnotes describing this past month.   Assets Cash Not a whole lot of action here. The Opportunity Fund I did not make any contributions so it was all market related. I own shares of six different companies in this account. 401(k) My 401(k) is mostly invested in two different Vanguard accounts. I contribute 6% to get the full employee match. This year is focused on reducing debt so maxing this out is not my primary goal. Health Savings Account Simply putting away $50 per paycheck. Home For simplicity, I am using the original purchase price. This may be slightly overvalued based on similar homes being sold in my neighborhood, but I don’t see a lot of value in trying to pinpoint it. Other You’ll notice I do not list my car as an asset, but I do list the liability for my auto loan. Some may say this is technically incorrect, but it’s...

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February 2016 Net Worth Update

Mar 08

February 2016 Net Worth Update

My net worth increased $2,395.81 from January to February.

YTD, my net worth increased $3,815.78, slightly behind my goal of $25,000 goal.

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January 2016 Net Worth Update

Feb 09

January 2016 Net Worth Update

Each month I review my financial position and determine how my decisions in the past month impacted the numbers. My journey from red to riches is going to be a long one, but it’s a journey that can be done. These net worth updates are meant to be a catalyst to readers that may be in a similar position to realize it’s possible to climb out of the hole.

My net worth increased $1,419.97 from December to January.

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2015 in Review

Jan 12

2015 in Review

It’s that time of year again to review what we’ve accomplished in the past year.

The theme of 2015 was increasing my personal liquidity.

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December 2015 Net Worth Update

Jan 05

December 2015 Net Worth Update

My net worth improved $1,144.48 from November to December.

In 2016, my net worth has improved $28,701.37. Below is a summary of my financial position followed by some footnotes describing this past month.

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