2million - My Journey to Financial Freedom

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

Wednesday, May 03, 2006

April 2006 Net Worth Update (+$9,799)

Here's my net worth update for April as of 4/30/2006. Another good month, however a big chunk of my gain is due to an accounting correction for tax liability. Ignoring this adjustment, I gained $6,799 for the month.

 

Mar-06

Apr-06

Change

%

Cash & Equivalent

$ 9,422.55

$ 6,888.35

$ (2,534.20)

-26.90%

Savings

$ 36,434.73

$ 43,797.06

$ 7,362.33

20.21%

Brokerage

$ 46,261.02

$ 42,650.68

$ (3,610.34)

-7.80%

Roth IRA

$ 22,912.04

$ 24,799.76

$ 1,887.72

8.24%

401(k)

$ 78,415.04

$ 81,246.68

$ 2,831.64

3.61%

Stock Option

$ -

$ -

$ -

0.00%

ESPP

$ 33,554.25

$ 35,289.95

$ 1,735.70

5.17%

Rental Equity

$ 41,397.93

$ 41,584.91

$ 186.98

0.45%

Other Assets

$ -

$ -

$ -

0.00%

Receivable

$ -

$ -

$ -

0.00%

Reserve Funds

$ -

$ -

$ -

0.00%

Loans

$ (29,759.23)

$ (30,819.75)

$ (1,060.52)

3.56%

Tax Liability

$ (3,000.00)

$ -

$ 3,000.00

-100.00%

Total

$ 235,638.33

$ 245,437.64

$ 9,799.31

4.16%




Highlights for April
-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 made an accounting correction that recognized a $3,000 gain for money that was reserved for 2005 tax liability.
-I finished up my indepth look into the 2005 return on my entire net worth by looking at the returns on my investment property:$2,562 and taking a final recap of my performance.
-As part of my action plan to improve my performance in 2006, I sold my Bellsouth holdings resulting in a temporary reduction in my Brokerage accounts and subsequent increase in my Savings accounts until I invest it.
-I finished up my 2005 income taxes and found I paid 16% in federal income tax.
-I got fed up with Etrade and decided to consolidate my holdings to my Sharebuilder account.


Additional Stock Investments for April (Outside of 401k & ESPP):
$1,250 in Roth IRA
$100 in Pfizer DRIP

4 Comments:

  • Also note I am looking to reformat my net worth statement sometime soon. Let me know if you have any suggestions on how I can improve it.

    By Blogger 2million, at 1:48 PM  

  • WOW!! I am amazed on how you do it... Is a good chunck of the earnings what you saved from your paychecks or actually money you made off of investments?

    I notice you contribute A LOt of your 401 (k) and roth. What kind of returns percentage wise you seeing on those?

    -garrett

    By Blogger pyroracing85, at 4:53 PM  

  • I got the perfect question for you that will answer all of my questions for right now..

    How much is passive income and how much is active income?

    By Blogger pyroracing85, at 8:21 PM  

  • I got the perfect question for you that will answer all of my questions for right now..

    How much is passive income and how much is active income?

    By Blogger pyroracing85, at 8:22 PM  

Post a Comment

<< Home