Comments on: Net Worth Update: August 2008

By: August 2008 Net Worth Update: -2.4%

August 2008 Net Worth Update: -2.4% — Tue, 09 Sep 2008 13:26:50 +0000

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By: Kevin

Kevin — Fri, 05 Sep 2008 02:46:08 +0000

Matt, that 30% was since December of last year.

It consists of saving money, every single month. I’ll write a post that talks about tracking net worth for either tomorrow or this weekend.

By: Matt Ranlett

Matt Ranlett — Thu, 04 Sep 2008 19:48:16 +0000

I wonder about that. I just had to spend so much money on a replacement for a broken air conditioner that I could have bought a brand new Toyota Yaris for cash. Thankfully, this did not even cut my emergency fund in half, but what does that do to my net worth calculation? I figure that money is gone so I’m considering my net worth to be down overall. Which blows.

PS – what are you doing to get a 30% increase in net worth? Even discounting the new A/C (and the new roof I’m about to have to buy which will cut even more deeply into my emergency fund) I’m not getting close to 30% growth

By: Kevin

Kevin — Thu, 04 Sep 2008 02:56:34 +0000

@Start-Up: I don’t have a firm net worth goal, but we do have a set amount we save for different savings goals… IRA, we’re starting to save for a “new” used car for my wife 4 years from now, and a few other smaller things.

Our accounts, too, are too small right now to be affected by market fluctuations. But we’re (happily) getting to that point.

By: Start-Up

Start-Up — Wed, 03 Sep 2008 16:45:53 +0000

Mine continues to climb and I imagine will do so until I have enough retirement savings in a 401k or my Roth IRA to really be effected by the market fluctuations.

Good luck on reaching 50% increase for the year. Do you ever set goals for net worth or savings?

By: hank

hank — Wed, 03 Sep 2008 15:45:30 +0000

Mine is up and down this past few months. I’ve switched from doing it monthly to doing it quarterly because the ups and downs I didn’t think were worth birddogging through the month. but good job on yours going up!

By: LivingAlmostLarge

LivingAlmostLarge — Wed, 03 Sep 2008 15:04:56 +0000

Mine’s likely down. I’m not sure. The markets been tough on our investments and we’ve gotten more student loans. So I think we’re in a point where we are tied between paying off the mortgage, savings, and accruing student debt.