Net Worth Update, June 2009

by Kevin on July 8, 2009

June was another good month for us in terms of net worth growth. We rebounded from our slight decline in May.

Net Worth:

  • 2.76% increase from last month
  • 59.49% increase since we started tracking in December 2007
  • 16.25% increase since beginning of 2009

July should be another great month simply because I get paid weekly and there are five paychecks in July. Sweet!

We’re getting closer and closer to the mythical six figure net worth mark. In the end this is a mostly useless number because there are many factors you simply can’t track.

For example the value of my house is truly determined when it sells, not when the tax assessor or appraiser comes by to tell me what it is worth. Then you have to factor in real estate agent commissions, possibly paying closing costs for the buyer, etc.

Nonetheless as long as we keep what we are tracking the same (that is, the same variables tracked in the same way every month) we get an accurate representation of how we are progressing.

{ 2 comments }

Mrs. White July 8, 2009 at 6:44 pm

You can save a fortune by selling your own house. Just keep watching the market over the course of the next few years (depending on when you wanted to sell), understand what people are looking for, price the house right and aggressively market it (through local newspaper ads, the internet, etc). It helps tremendously if you do research on mortgages and have a relationship with a local mortgage broker. Gather all this information for potential buyers and you can weed out the “dreamers” very quickly. We have sold two properties ourselves, without a Realtor, in two different states. Each one sold in less than a month at full asking price.

hustler July 9, 2009 at 1:17 am

I love the months when I recieve an extra paycheck! It automatically goes to savings, but it gives me that extra boost because it doesn’t have to be divided among bills.

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