August 2011 - Net Worth

August Summary.

Overall my net worth increased $1213.14. Assets debt dropped $1346.59. I try not to pay attention to the volatile stock market. I am in it for the long run with over 3 1/2 decades of work ahead me. As far as the revolving debt is concerned $958.52 in credit card debt will be paid off in full. Cash is up 1751.86






Here is where we stand now.

AUGUST   ASSETS                DEBTS                     NET

$56,491.24

$61,777.75

($5,286.51)

Investments (i.e. IRA, 401(k), Stocks - $36,426.97
Cash - $20,064.27
Student Loans - $60,819.23
Credit Cards (will be paid off with no interest)- $958.52

Thanks for reading!

- Educated Debt

July 2011 - Net Worth

July Summary.

Overall my net worth increased $1,826.33. Student loan debt dropped $885.24. As far as the revolving debt is concerned $1,434.78 in credit card debt will be paid off in full.

Here is where we stand now.

MONTH      ASSETS          DEBTS             NET


JULY         $56,085.97    $62,585.63       ($6,499.65)

Investments (i.e. IRA, 401(k), Stocks - $37,773.56
Cash - $18,312.41

Student Loans - $61,150.85
Credit Cards (will be paid off with no interest)- $1,434.78

Thanks for reading!

- Educated Debt

June Net Worth

June Summary.

Everything dropped! I guess that is a good and bad thing all at once.

My student loan debt dropped to a still staggering 62K. Year over year that is a drop of 10k. Something I think I can be proud of considering that I am also saving money. I will be completely paying off one of my private loans within the next month and rolling that money into yet another private loan. These private loans are my #1 focus before the government sponsored loans due to the variable rate.

My assets dropped as well. This is due to a pullback in the stock market as well as the fact that I closed an old 401(k) from my last employer. I was not fully vested (due to my job hopping nature which will be a post in the future the Pros vs Cons) so I lost some money that was never really mine.

Here is where we stand now.


MONTH      ASSETS          DEBTS             NET

JUNE         $53,720.36    $62,046.35       ($8,325.98)

Investments (i.e. IRA, 401(k), Stocks - $36,185.94
Cash - $17,534.41

Student Loans - $62,036.09
Credit Cards (will be paid off with no interest)- $10.26

Thanks for reading!

- Educated Debt

March and April Net Worth

Things have improved financially, but there have been quite a bit of changes in my life.

1. Got promoted! I will be making around 15% more a year from a salary perspective. Bonus pool really opens up at the new level. I will be eligible for a 25% check annually if I perform at the highest level. All in all, I expect to make six figures at a minimum with large upside. Even more importantly I get to save more $$$. This will come in the form of, now larger, 401(k) contributions with match, or saving in my own brokerage account and savings accounts.

2. Got engaged! This caused a hit to my cash stockpile, but I also used my bonus check to cancel out the majority of the impact.

I think it looks like 2011 is the year where I will finally become net worth positive.

The details:


MONTH      ASSETS          DEBTS             NET

March            $56,749.54    $72,064.31       ($15,314.76)
April              $55,398.73     $65,043.75       ($9,645.01)

Investments (i.e. IRA, 401(k), Stocks - $38,641
Cash - $16,757

Student Loans - $63,337.57
Credit Cards (will be paid off with no interest)- 1,706.18

Thanks for reading!

- Educated Debt

January and February Net Worth

A busy work period and many travels has caused me to miss a month. I need to make sure this doesn't persist!

Lucky for me I use mint.com so all of my accounts are tracked and aggregated for me. My Net Worth increased $5,707.63 since December.


Month                             Assets                Debts                    NetWorth

January 2011	$47,509.45	$65,909.89	-$18,400.44
February	$49,396.03	$66,462.00	-$17,065.97