Net Worth November 2010

November 26, 2010 at 8:26 am (net worth)

It’s been 8 months since I posted my last one at this blog and 3 months since updating my chart. My debt reduction continues to have a steady increase in my monthly net worth. WordPress blogs won’t allow javascripting to be displayed, so I can’t show you the chart. Instead, you can view it here.

Assets:
  November ’10 March ’10 Difference
Cash $1,849 $1,225 $624
Savings $715 $1,000 ($285)
401K (current): $7,928 $5,913 $2,015
401K (rolled over): $44,814 $43,354 $1,460
Total Assets: $55,306 $51,492 $3,814
 
Liabilities
SBA: $27,699 $28,762 ($1,063)
BECU Visa: $1,389 $0 1,389
Line of Credit: $0 $0 $0
Citibank: $0 $0 $0
Discover: $0 $0 $0
US Bank: $0 $5,643 ($5,643)
Total Liabilities: $29,088 $34,405 ($5,317)
 
Total Net Worth: $26,218 $17,087 $9,131

Not bad. My net worth is now just slightly less than my total debt. Small gains in the stock market, for which I have no say in, have positively impacted my 401K. My very small 4% contribution (and 1% employer match) have helped my current 401K contributions as well. My formula is based on very few items, so it’s slow, steady, and consistent from month to month. In other words, my networth continues to plod upward.

Cash looks deceptively better. Most of this shouldn’t be counted. It includes $500 for xmas spending, which should be blown by the end of the year, obviously, and $525 for my vehicle to be maintained. Something is guaranteed to break on it soon.

It’s been so long since I last posted this that having a new source of credit (the BECU Visa) shows up as a new debt, while I actually moved the US Bank charges to it, and have been steadily paying it down. So it deceptively looks like all new debt, which it isn’t, it just hasn’t had a higher start on a net worth charge before to be compared to!

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