January ended up being a great month, except for the whole stock market diving to new lows, at least for my investments. Although, I suppose it might be a blessing in disguise since I plan on pumping a large sum of money, for my 2008 retirement accounts, into the stock market in the near future. In January, the Bulls are a disaster, the Bears aren’t in the playoffs and the Braves managed to let an icon (Smoltzie) leave for the Boston Yankees, but it was one of two months where I receive three paychecks from my 9 to 5. Here are the numbers…
Cash Last month, cash was the only asset that decreased, however, this month it was the only asset that increased. I cashed my December tutoring check and as mentioned in my intro, I received three paychecks, which only happens twice a year. My tutoring paycheck was slightly lower than usual due to winter break, but January’s paycheck will be slightly higher due to some extra hours for finals. Stock Market Back in December I wrote about how my stock assets increased for the first time since August, and I also wrote that I wasn’t sure that they were going to continue increasing. Well, they haven’t and January ended with my stock market assets at all time lows. I still haven’t invested any money for 2008 into my retirement accounts so the variations in my stock market assets are solely due to stock market fluctuations. I really have to get on the ball and start pumping money into the stock market while it’s at such an extreme discount. Liabilities I made my standard car payment this month and my second mortgage payment. After two mortgage payments, I’ve only added another $430.37 towards principal. I’m looking forward to the extra tax break at the end of 2009 for all of the interest I’m paying. After I fully fund my 2008 retirement funds, I will try to make extra payments towards principal to build equity more quickly. Net Worth After a minuscule increase in my net worth for December, I managed to increase my net worth by 3.6% in January despite the decrease in my stock market investments. For the rest of 2009, I’m hoping to increase my income through tutoring and blogging (and it wouldn’t hurt if the stock market helped out a bit) to aid my journey towards financial independence. |
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It could be worse – you could be a Lions fan like me (Ouch). Anyways – I plan to also put a bunch of money into the market this summer.
This is a cool post, I love reading about other people’s Net Worth, how scandalous that may seem. It just fires me up to really work on balancing my own finances. Thanks!
@pfincome – I’d like to thank you for letting marinelli go so he can sign with my Bears and rejuvenate our D-line. The good thing about being 0-16 is that there’s nowhere to go but up and it helps that Millen is now fired. I was hoping he’d stick around forever. What types of investments are you looking for? Dividend producing stocks that go along with your passive income philosophy?
@Pat – I’ve noticed that keeping track of my net worth has really motivated me to save money. If I wasn’t blogging I would most likely not track all of my accounts monthly, I highly recommend it. Now I just have to get my income on par with your own and attempting to make it more passive. Thanks for stopping by.
Steve – Now all the Lions need to do is get new owners! As long as the Ford family owns them – they will always be bad.
Yes – I will be putting my money in quality dividend producing stocks using DRIPS. I also like to dabble some with trading call options.
@pfincome – They only have to draft a few more first round WRs and they’re set. I hope you keep your readers informed of your DRIP and trading call options in the future. I’d be very interested in that process and how it works out for you.