Net Worth – July 2009

Posted by KC | Posted in net worth | Posted on 18-07-2009

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So, I haven’t blogged in a while – sorry about that. It’s been pretty busy at work and I’ve been traveling a bit – both for work and for personal reasons. But regardless, I haven’t given up on the blog and have a few updates to give, which I’ll space out into a few posts.

In the meantime, let’s see where I currently stand. Keep in mind, I didn’t update my net worth for June so this update shows two months worth of financial data.

In the assets column, everything is going fairly well. I needed to dip back into the savings to cover new brake pads and routers for my car, but other than that my retirement and stock accounts are moving along nicely.

I’m still purchasing a set amount of stock automatically, but only at about $30 a month, looking for long positions and undervalued opportunities within today’s market. It’s been going pretty well for me so far as I’ve gained about $400 in the past month in that area.

As for the liabilities, I’m still chipping away at the student loan debt – realizing that more will be piled on once I complete my MBA. The credit card debt is something that I need to re-evaluate and re-focus myself on in the next few days/weeks. With the new credit card regulations coming this February, I’ve noticed my credit limit go down pretty much across the board and some interest rates rise – both due to the falling limits and the ending of low rate promotions.

All together though, in the past two months I’ve been able to get a little closer to having a positive net worth and that is really the end goal – so until then – I’ll just keep moving forward.

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Comments (2)

Thanks for sticking with me – I'll try to make the time to post more often.

I wondered what happened to you. Glad to see the progress!

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