July 2008 Net Worth Report - $41266 +2%
July of 2008 is behind us, and had it’s share of ups and downs, to be sure. I ended the month with a 2% net worth increase, so it’s another step forward. The problem is that only adds up to about $842. I can’t help but think I could have done some things differently to make a bigger impact on my net worth. In any case, let’s see how it all breaks down.
Liquid Assets
I saw a slight 1% decrease in my liquid assets in July. What happened? Well, you’ll notice increases in my brokerage account and precious metals. They helped balance out my growing tax liabilities ( property and business taxes ). The thing that put me from the plus to the minus was my increased credit card debt. My wife and I purchased a 37″ LCD TV as a joint anniversary present. The total bill came to just about $1300, including taxes, a stand, and a new wireless router ( my old one was extra flaky ). On one hand, I should know better. On the other hand, it’s nice to splurge now and again. We usually get a join gift on our anniversay too - it’s a nice way to celebrate together. And no worries, it’s on a 0% best buy card, which will be paid off before the end of the year.
My Cars
Yet another month passes while I watch my cars appreciate in value. That’s right, the book value on both my cars has increased again. Slightly , but it’s a much better position than SUV and truck owners are in these days. My total negative equity improved to just over $8,000. That’s still a whole lot, but a far cry from the $11k+ that I started the year with.
My House
1% equity increase. If you’re a regular reader, you won’t be surprised by that. My total home equity is about $18,458 these days.
Retirement
Though my picture shows 0%, I actually gained a few bucks in my retirement accounts overall. Considering how choppy the market has been, I won’t lose any sleep over this. Nor will I freak out and cash my accounts in, as I’ve heard some people doing.
Overall
I’ll take a 2% increase. I’m not thrilled with it, though. August will bring better things, better numbers, and more cash in my accounts. Stay tuned.
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August 5th, 2008 at 12:06 pm
Up in a bad month, good job. I can’t say the same as I prepare my portfolio update.
The new logo looks good, “In gold we trust…”
August 5th, 2008 at 3:05 pm
Even though gold is having one hell of a bad day, I still trust it more than the dollar. Long term, it’s a winner. Now I just need to find some more spare green stuff to buy some more shiny stuff.