Monthly Net Worth Update: July 2009
I am glad to report that this month marks four in a row for increased net worth. Though unlike the past few months, this increase was not driven by stock market growth.
Our assets increased 1.3%
Last month, all of our accounts except our liquid assets increased in value. Quite the opposite occurred this month as the lion’s share of our asset increase was driven by a 10% increase in liquid assets. I fear a good portion of this increase was just good timing (right after payday but before paying our credit card bill). Also unlike the previous few months, our stock market accounts were actually quite flat. Interestingly, for the second month in a row the value of our house, as estimated by Zillow.com, has increased. Now, it increased a whopping 1%, but I’ll take it!
Our liabilities decreased 0.5%
There is absolutely nothing new to report for our liabilities as they again dropped the typical monthly rate of 0.5%. I still do not have any concrete plans to do anything interesting to try to rid myself of the mortgage early.
Our net worth increased more than 4%
For the past two months, our net worth has increased more than 6%;, though it increased again this month, the increase was less. There are no major changes to the plan on the horizon. Saving and investing in 401(k)s, some company stock, and some low cost index funds will continue for the foreseeable future. I am now again within sight of our all-time net worth high point of last summer…we’ll see if this upward trend continues.
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Very interesting,
Thank’s, Great Post !