2million - My Journey to Financial Freedom

A Personal Finance Blog      ANNOUNCEMENT:2million has moved to www.2millionblog.com.     

Monday, March 06, 2006

February 2006 Net Worth Update (+$8,354)

Here's my net worth update for February as of 2/28/2006. I'm happy to report another solid month of gains. At this rate I have underestimated my 2006 financial goals and may need to revise them to challenge myself further for the rest of the year.

 

Jan-06

Feb-06

Change

%

Cash

$ 8,322.69

$ 3,923.09

$ (4,399.60)

-52.86%

Saving

$ 32,182.28

$ 36,427.91

$ 4,245.63

13.19%

Brokerage

$ 45,559.61

$ 46,245.23

$ 685.62

1.50%

Roth IRA

$ 21,476.28

$ 22,236.00

$ 759.72

3.54%

401(k)

$ 72,649.45

$ 75,143.24

$ 2,493.79

3.43%

Stock Option

$ -

$ -

$ -

0.00%

ESPP

$ 28,929.72

$ 32,270.53

$ 3,340.81

11.55%

Rental Equity

$ 41,026.58

$ 41,211.82

$ 185.24

0.45%

Other Assets

$ -

$ -

$ -

0.00%

Receivable

$ -

$ 1,205.00

$ 1,205.00

NA

Reserve Funds

$ -

$ -

$ -

0.00%

Loans

$ (30,341.25)

$ (30,503.01)

$ (161.76)

0.53%

Tax Liability

$ (3,000.00)

$ (3,000.00)

$ -

0.00%

Total

$ 216,805.36

$ 225,159.81

$ 8,354.45

3.85%



Highlights for February
-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 have started to take an indepth look into my 2005 return on my entire net worth. I was shocked to learn my net worth only increased a net $2,094 (excluding savings) and am still trying understand what happened (Net Cash Return:$778, Net Retirement Return:$8,331 ).
-I revealed a little bit more of my background and how I got to my current financial state.
-I took a small trip for work this month and as a result am expecting reimbursement for ~$1200 in travel expenses (see receivable line item above).


Stock Investments for February (Outside of 401k & ESPP):
$500 in Roth IRA
$504 in JNJ in my Sharebuilder Account
Since I am still trying to increase my cash on hand (for major purchases in the months ahead), I refrained from additional investing for the month.

7 Comments:

  • good job 2million! you continue to do well.

    can you update your networth on the top right?

    financeguy
    http://finnews.blogspot.com

    By Anonymous Anonymous, at 9:05 AM  

  • you beat me too it....its updated now

    By Blogger 2million, at 9:34 AM  

  • I am wrong - still having problems - I'll update it tonight.

    By Blogger 2million, at 9:55 AM  

  • Keep it up and you'll be at $2 million in no time! ;-)

    By Anonymous FMF, at 1:38 PM  

  • what kind of major purchases are we talking about? signed a curious gal in richmond

    By Anonymous Anonymous, at 9:29 PM  

  • Congrats on an excellent month. You've been included in the February Bloggers' Net Worth Index at http://www.moneysmartz.com/weblog.

    By Anonymous Moneysmartz, at 4:56 PM  

  • What is define under rental equity?

    By Anonymous Anonymous, at 12:28 AM  

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