Are you looking for strategies for increasing your net worth? You’ll read a lot of blog posts out there purportedly offering “strategies” but then just give you the same old standard advice with absolutely ZERO specifics. One blog I read on the subject, one that specifically used the word “strategies” in the headline, offers pearls of wisdom like this: “It takes more time to make money than to spend it.” But wait, there’s MORE: “...the … [Read more...]
Net Worth: So How Am I Doing?
I last updated my net worth in April after years of not updating. As I said back then, this was no longer going to be a monthly exercise. It's a bit tedious, and I'm not sure a month by month comparison is all that telling. I just finished updating my spreadsheet a little more than 4 months later, and I'm still not sure it's all that telling. So how am I doing? Well, according to the numbers, my net worth is up 10%! That's huge! But … [Read more...]
How much money do I really bring in?
As much as I love spreadsheets and tracking my finances, I realized recently that one thing I don't know is how much money I bring in every month. Sure, I know what my paycheck is and if I have any alternative income that month (blog checks, Ebates cash back, etc), that gets tracked in detail, but I don't ever think about my gross salary or interest on investments and savings accounts. I think this is because I try to not think about my … [Read more...]
April Net Worth Update (+2.55%)
Another good month for my net worth! Up 2.55%. This month, it was all due to my investment accounts, which are continuing to bounce back. I'm keeping my fingers crossed. Of course, I did also invest a bit of money this month, which meant a transfer from cash accounts to investment accounts, but my cash accounts did take a bit of a dip. Not unsurprising, as I went on vacation and had planned for some nice (expensive) dinners out, and I decided … [Read more...]