This was a great month for my investments. I basically did not have much extra savings other than my 15% salary going into my 401k account and $500 going into my Roth IRA. However, I still managed to increase my net worth by $5877.68
The major reason for my lack of extra savings was because of my car maintenance and car insurance, which totaled $1636.90. This is a one time expensive (once every 6 months for my car insurance which I foresee will be rapidly going down in the next few payments).
Therefore, I believe I’m still in great shape to increase my net worth to $150,000 by year end assuming the economy is holding up for the stock market to keep growing at its current pace.
I’m also planning to start withdrawing my reward points starting next month from the second credit card I got (read more about the card here) so it will act as extra income.
Stay tuned for next months’ quick net worth update!
Promote or Save This Article
If you like this article, please consider bookmarking or helping us promote it!
Print Post | Email Post | Del.icio.us | Stumble it! | Reddit |
Related Posts
- Let’s Do a Progress Check on Our Savings Plan for the Year
- Be careful when the stock market seems to be on fire
- Contribute to Your IRA Immediately
- Download the How to Save Money on Everything eBook
- Net Worth Update – May 2007 (added $9369.54)
Subscribe! (and Get a Mini-Course with Free Registration)
Follow me on twitter! In addition, subscribe to grab free amazing content or take advantage of the newsletter to have content delivered to you. For starters, a 7-part mini course to help you spend less and be happy will be delivered to you when you subscribe!(Don't worry about spam, because we hate it as much as you do!)
{ 3 comments… read them below or add one }
You are well on your way to become a millionaire. Congratulations on another great month!
ahh…. Why am I so broke while everyone else is so rich…
Thanks! I hope I will be a millionaire soon!