Wednesday, May 10, 2006

Updatetastic

It's May 10th, do you know what your networth is? Because I didn't. Yes that's right my monthly ritual of closing the books was behind schedule and I didnt even know how we did this month.

I'd say April was a mixed bag financially. In looking at the balances I realized I had money just sitting in my checking account (this is most likely a result of not yet starting up my 401k) and I just transferred that over to my Roth IRA. So the good news is that my Roth IRA is way ahead of schedule (I'm throwing the net paycheck surplus at the Roth) and it's possible I will have that maxed out by mid-year.

However, it seems I am about a month behind in my average monthly networth increases in terms of meeting my year end goal of $275k. Expenses are down a little bit and I am throwing money at the Roth first instead of evenly contributing to the Roth and 401k throughout the year (I have reasons, don't worry)

My networth as of April 30th is: $227,147



I accidentally entered April data in May and then I couldn't delete May so it looks like April to May is flat. But really I just enter my info on the last day of the month. Is that weird?

I also noticed I am overdue for a re-allocation of my retirement funds. I re-allocated about 13 months ago and I believe I am overexposed in bonds for my investing target. My choices have done decently but I'm not comfortable with my current bond allocation.

36 comments:

  1. I'm a big fan of your save-o-meter. Anything you can see helps to motivate toward your goal. I also enjoy reading your posts. I've added a link to your site on my blog and was hoping that you would return the favor. http://howtomakeamilliondollars.blogspot.com/

    ReplyDelete
  2. I've done that too, on NetWorthIQ. It's pretty easy to plug in all your numbers and forget to change the month. Hope they fix that.

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  3. I'm so curious to know how you increasaed your net worth by $100,000 in a little over one year! I'm anxious to read your prior blogs to read about your journey.

    Thanks!

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  5. Hey, Where the heck are you?

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  6. I'm disappointed. You've disappeared. I know life happens, but kill the blog altogether if you're not going to keep it up.

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  8. No blogging since May? I hope you're okay.

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  9. I love the save-o-meter... great stuff! Saving is a lost art these days, especially thanks to the proliferation of credit cards.

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  10. I too am a little concerned (not annoyed, though) about your absense. Hope you are okay!

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  11. I miss you!!! Come back, please come back...

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  12. This blog has left me feeling a bit down with myself, as i have been trying for years to get my income up and then someone comes along and earns a net worth of £100,000 in just over a year
    Good luck to you though

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  15. networth show also include total business value (which is 15-20 times higher than your profit).

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  16. Great job. I hope that one day I can have numbers like that. here is some home equity tips.

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  20. Great job, baby! Way to go on investing the dough. Keep at it and you'll blow your net worth up, big-time. Thanks for spreading the word about investing. Here's looking at you, kid. www.debtective.com

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  21. I use quicken and i love when i can actually see that my net worth is going up each month. It is a good feeling!

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  22. Ok its been over a year... hope everything is going well for you! LOok forward to your return post! :)

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  28. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

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  30. Enjoyed all your comments.

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  31. This comment has been removed by the author.

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  32. I definitely miss this personal finance blog. Maybe one day Clutter 2 Cash will be back. But probably not since its been awhile. Oh well, its back to finding credit score discounts on the web to save money on improving my credit history and credit scores.

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  33. Wow...
    It's been a long, long, while!
    Where have you been?
    Please update us!
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    http://meandcraig.blogspot.com

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