Narrow Bridge Finance » Net Worth

September 1 Net Worth Update

Eric — Wed, 01 Sep 2010 20:40:31 +0000

I just realized that I have been tracking my net worth for over two years. In that two years I have had some ups and downs, but this month was fairly average. As always, you can visit my full report at NetworthIQ.

Want to know how and why I track my net worth the way I do? You should probably buy my new book, that I launched today, the Personal Finance Arsenal.

September 1 Net Worth Update is a post from: Narrow Bridge

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August 2010 Net Worth Update

Eric — Mon, 02 Aug 2010 21:26:55 +0000

If you thought graduating from an MBA program that is incredibly expensive would not help your net worth, I have news for you, you are wrong. Since March, my net worth has continued to move on up.

I am still on track to have my student loans paid in about two years and love watching my cash reserves increase (goal of $4,000 emergency fund by December 31st) and my investment accounts grow. Click the image below to enlarge.

I encourage all of you to check out the personal finance arsenal and personal balance sheet to find out why I do this and learn how to track your net worth yourself.

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July 1 Net Worth Update [+9.61%]

Eric — Thu, 01 Jul 2010 14:55:52 +0000

I have cut back on spending from last month, but I watched the stock market sink further in the last week, so my investments are not performing as well as I would like. I am focusing on saving up in my “emergency fund” and aggressively paying down my student loans.

July 1 Net Worth Update [+9.61%] is a post from: Narrow Bridge

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June 1st Net Worth Update

Eric — Tue, 01 Jun 2010 17:07:05 +0000

Paid off the expensive plane ticket and tried (unsuccessfully) to cut back on spending. I took a beating in the stock market this month. I took $500 from my investment account and moved it to cash, but watched my 401(k) and brokerage account shrink along with the market in a horrible month for stocks. However, I did keep my student loan payments up and lowered my debt by over 6%.

I did make $57 this month from Demand Studios. I am trying to increase my diversified income streams, and this is a good step up from previous months. I am also writing more residual income articles than up front payment. I also earned about $40 from eHow that will be paid this week.

Also, a thanks to Gai Shan Life for including my post on living paycheck to paycheck in this week’s Carnival of Personal Finance.

June 1st Net Worth Update is a post from: Narrow Bridge

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May 1st Net Worth Update

Eric — Mon, 03 May 2010 12:59:09 +0000

My net worth was up during April, but less than I usually like to see. Buying a $1600 plane ticket to Israel was the biggest dent in my cash, but I am sure the expense will be worth it. Other than that, it was a fairly normal month on the spending and income fronts.

You can see all of the details on my page at Net Worth IQ. My total net worth is now $19,647, which is an increase of $1,488, or 8.19%.

May 1st Net Worth Update is a post from: Narrow Bridge

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April 1st Net Worth Update

Eric — Thu, 01 Apr 2010 13:08:02 +0000

I got my annual bonus at work in March. I got my tax refunds as well. I took my extra income and put it all directly to my students loans in addition to the $250 per paycheck I normally do. My assets were about even, but my debt is down about 25%.

This month, I decided to pull my details off the net worth site as well. Here is my situation today:

April 1st Net Worth Update is a post from: Narrow Bridge

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March 1 Net Worth Update

Eric — Tue, 02 Mar 2010 00:12:13 +0000

No More Car Loan! That’s right. It is paid in full. The title came in the mail last week. I own my car outright. I now plan to pay $500 every month to my car loan.

I also received a bonus at work in February. I have set up a payment for this week for the amount of my bonus to my student loan.

I hope to pay down the student loans in far less than the 10 years I am given. If I put my tax return, bonus, and $500 per month, I should be all paid off in two to three years.

March 1 Net Worth Update is a post from: Narrow Bridge

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February 1st Net Worth Update

Eric — Mon, 01 Feb 2010 17:03:38 +0000

I have paid for school for the last time! Yay! Only 10 more years of student loan payments to go and I am free and clear, unless I pay early, which I plan to do.

I have also used all of my extra cash to pay down my car loan. I plan to have it paid off by the end of the month! In all, it was a pretty good month. When your net worth is below $10,000, it is not too tough to have a 25% increase in a month.

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January 1st Net Worth Update [A Few Days Late]

Eric — Mon, 04 Jan 2010 17:22:27 +0000

January 1st Update. Student loans increased for the last time! January I make my last grad school tuition payment. This should be the pivotal bottom.

I plan to pay off the car in the next two months and being to pay down the student loans more aggressively in the near future.

January 1st Net Worth Update [A Few Days Late] is a post from: Narrow Bridge

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December 1st Net Worth Update

Eric — Tue, 01 Dec 2009 14:20:45 +0000

It looks like a good month, but that is partially inflated by two events. 1. I bought a share of Berkshire Hathaway class B with funds from an account for school and a future house down payment that is not included here. 2. I received a large gift and put it directly into my car loan.

December 1st Net Worth

December 1st Net Worth Update is a post from: Narrow Bridge

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