June of 2008 is done – it’s over.  The economy is flaky, inflation is high, and doubts abound.  All that being said, my net worth increased by a solid 7%, or a little more than $2900.  My total net worth topped $40k for the first time, and sits at $40,425.  The gains came from some interesting places – let’s take a look.

Liquid Assets

You’ll notice that I slightly revamped my categories this month.  Liquid Assets now includes both cash in my business checking account, as well as my business credit card and tax liability.  This is done for the purpose of simplification, and gets rid of an extra category.  With more cash on hand and more precious metals ( at higher values ), my liquid assets increased by 8%.  That’s in the face of a tanking brokerage account and increased tax liabilities.  The more liquid I am, the more comfortable I am overall from a financial standpoint.

My Cars

Based on the past several months, my Civic Hybrid is an appreciating asset.  How often can someone say that?  With gas prices through the roof, people are paying premium prices for both new and used hybrids.  Because of this, I managed to improve my car inequity situation to under $9k.  Definitely going the right way here. 

My House

If you guess a 1% equity increase, then you win the prize!  Well, there’s no prize, but at least you’re right.  My equity stands at a cool $18,239 these days.  Not too shabby.

Retirement

Down, down, down.  This is the first time I’ve seen an overall negative number for my retirement accounts since January.  3% isn’t the end of the world, but this number is supposed to go up every month!  What hurts more is that the total drops even considering the fact that I’m making monthly contributions.  No worries though, because I won’t need the money for many, many years.

Overall

A seven percent jump in a month is great.  Fantastic even.  I’m on the right track, and just need to keep plugging along.