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Monthly Net Worth Update – November 2009
It’s that time again – time to start listening to Christmas music! Woohoo!! (Yes, I know it’s early…my wife has been resisting as I move the start date up earlier each year. I hit November 1st one year, but this year she didn’t let me start until now). Actually, it’s also that time of the month – net worth update time.
Our assets increased almost 2%
The overall numbers are almost a duplicate of last month. All of our categories showed moderate growth with the exception of my stock options, which went up a chunk (40%), and the house, which dropped a bit after climbing for a few months. We were getting close to being above water on the mortgage after the past few months and I got my hopes up for this month, but alas, still upside down…
Our liabilities decreased 0.5%
Another month, another drop of about 0.5% on our liabilities. I still haven’t done anything with the mortgage. I was getting excited about the possibility of a refinance with the house value climbing up. This month’s drop, however, has cooled my enthusiasm a bit. I think we’ll probably hold the plan steady as we go through Dave Ramsey’s Financial Peace University. When we finish that, we’ll take stock of where we are and see if the plan needs to be updated.
Our net worth increased almost 5%
We again hit another new all-time personal net-worth high this month. Our cash position has been roughly the same for the past few months while our investment accounts continue to grow. I’ll take it! This month the plan remains the same: earn some, give some, save some, invest some, and stay out of debt.
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