retireby50's Net Worth for September 2011


Assets Value Change ($) Change (%)
Cash $2,500 ($400) (13.79%)
Stocks $13,543 ($1,731) (11.33%)
Bonds $0 - -
Annuities $0 - -
Retirement $51,581 ($5,097) (8.99%)
Home $0 - -
Other Real Estate $0 - -
Cars $0 - -
Personal Property $0 - -
Other Assets $7,290 $1,095 17.68%
$74,914 ($6,133) (7.57%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $45 $45 -
Car Loans $5,188 ($3,997) (43.52%)
Other Debts $5,689 ($432) (7.06%)
Total Debts $10,922 ($4,384) (28.64%)
Net Worth $63,992 ($1,749) (2.66%)
*All values shown in USD ($)
Notes:
Currently in my tenth month of deployment to Iraq. Working to aggressively pay down most of my debt prior to redeployment. My main focus continues to be paying off my car in its entirety before I redeploy back to the U.S. This should be completed NLT October. To be able to complete something like that will be such a motivating experience that will push me to continue towards fully identifying and completing my financial goals. The "other asset" column is my total contribution to the Army Savings Deposit Program thus far. I won’t be able to attain the full 10% interest rate provided by the program, however, making the contribution for the next two months will allow me to save $9100 + interest and direct it all into my emergency savings account. Goal is to have at least $10,000 by the end of the deployment. I recently finished reading the book that my sister gave me by T. Harv Eker called “Secrets of the Millionaire Mind.” It is a fairly quick book to read, and my initial impression stands in that I feel like I am reading a continuous advertisement to attend one of his $2,000+ seminars. Overall, it felt more like a decent motivation book that I can draw some quotes and references from to continue to motivate myself to improve financially. As for Investopedia, I finished reading a great series of articles that teaches one how to use one of their worksheets to review and analyze mutual funds. By looking at nine different categories, such as returns and manager tenure, and following Investopedia’s guidance on how to rate the different categories, one will be able to come up with a good assessment on a particular mutual fund. I analyzed my other funds, and I can say that I am not in any rush to make any big changes until I can attain some professional expert advice. Credit card bill is for some speedropes I ordered. Will pay off this week. Still plan on saving, but holding on to the money for the 2011 IRA contribution until I figure out what I should invest in next.

Comments