2million - My Journey to Financial Freedom

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Tuesday, January 03, 2006

December 2005 Net Worth Update (+$3,539)

Here's my net worth update for December as of 12/31/2005. It marks the end of a great year where I exceeded my goal of a net worth of $205,000.


 

Nov-05

Dec-05

Change

%

Cash

$ 3,355.59

$ 6,767.92

$ 3,412.33

101.69%

Saving

$ 30,980.74

$ 31,578.16

$ 597.42

1.93%

Brokerage

$ 40,820.91

$ 41,444.02

$ 623.11

1.53%

Roth IRA

$ 20,080.20

$ 20,508.99

$ 428.79

2.14%

401(k)

$ 66,507.31

$ 71,494.39

$ 4,987.08

7.50%

Stock Option

$ -

$ -

$ -

0.00%

ESPP

$ 31,598.51

$ 29,249.98

$ (2,348.53)

-7.43%

Rental Equity

$ 40,476.04

$ 40,842.21

$ 366.17

0.90%

Other Assets

$ -

$ -

$ -

0.00%

Receivable

$ -

$ -

$ -

0.00%

Reserve Funds

$ -

$ -

$ -

0.00%

Loans

$ (30,368.38)

$ (31,894.81)

$ (1,526.43)

-5.03%

Tax Liability

$ -

$ (3,000.00)

$ (3,000.00)

- %

Total

$ 203,450.92

$ 206,990.86

$ 3,539.94

1.74%



Highlights for December
-All credit card debt (except current month's purchases) is in the form of 0% APR balance transfers earning interest in my savings accounts.
-I saved some money on a car repair by buying the car parts myself and having the mechanic install them.
-I added an estimated $3,000 in tax liability to offset my estimated increased tax liability.
-I began thinking about what my 2006 net worth goal should be and finalized my net worth goal for 2006 at $265,000.
-I determined my annual saving rate for 2005 was almost 57% of my pre-tax income.
-After I met my 2005 net worth goal, I splurged and took advantage of some of the after christmas sales to celebrate my success.

Stock Investments for December (Outside of 401k & ESPP):
$1150 in Pfizer DRIP
$200 in Roth IRA

3 Comments:

  • Congrats on meeting and surpassing your goals!
    ncnblog.com

    By Blogger ncnblog, at 10:34 AM  

  • Congrats on ending positive going into the new year. Since I am more of a visual person, I entered the net worth percent changes for the past four months (when available) of personal finance bloggers and created the following graph. I will include your data shortly.

    http://neos-nest-egg.blogspot.com/2006/01/personal-finance-bloggers-net-worth_03.html

    Neo

    By Blogger Neo, at 4:23 PM  

  • If I was a thief I would have some clues about you !
    I learnt once that money can help to bring happiness but you better have to be a bit discret about it usually if you want to enjoy it.
    Good luck anyway !

    By Anonymous Marc, at 7:39 AM  

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