I’m POSITIVE!
January 16, 2012 12 Comments
I have been quite absent in the past few months as many of you know, however, I’ve still be keeping tabs on my finances. I’m still sticking with paying in cash. I’m still saving each month to an emergency and a yearly savings account. I’m still paying over the minimums on my single remaining credit card.
When I started 2011 I had three goals.
1. Eliminate $5,000 of credit card debt. I didn’t do this.
2. Obtain a $500 emergency fund. I did this and more. It has been between $500-1000 all year (car repairs, ugh)
3. Obtain a positive net worth.
Well, I finally sat down today (I spent the first two weeks of the month in Cozumel scuba diving!) and calculated my NetWorth. And yes, my friends, for the first time EVER I have a positive NetWorth.
I suddenly feel so inspired. So invigorated. So… AMPED!
So here is the breakdown:
Assets
- Cash on hand: $500 (I always use this amount as it is an average of my cash available on any given day of the month.)
- Personal stocks: $503
- Personal mutual funds: $6,652
- Retirement: $18,386
- Savings accounts: $800
Liabilities
- Student loans: $13,444
- Credit card debt: $12,728
Total Net Worth: +$669
Net Worth Last Month: -$1,333
Net Worth a Year Ago: -$4,136
Net Worth 2 Years Ago: -$10,954
And for those of you who are picture oriented:
Nice!! Good for you, and I’m glad you’re back. Hope to read more from you in the coming weeks!
Yay – positive net worth. What a great way to end 2011. And scuba diving in Cozumel? What a great way to kick off 2012. I’m with LBC Teacher -hope to read more from you in the coming weeks (I don’t have a pf blog but of all the ones I follow, you’re the one I seem to relate to the most)
glad to have you back, keep ‘em coming!..and of course, congrats on the positive net worth. Seems you were very busy on the paying off debt front while being missing in action, good to hear things are definitely paying off (pun intended).
Great to see you in the positive for the Networth! That’s awesome! I hope things are going well with you position at school. I’m sure you are heavily involved and doing a wonderful job!! Keep us posted.
Just found your blog via the Budgeting Babe and wanted to say hi! Congrats on having a positive net worth: I’m really impressed.
Happy New Year and all the best to you! congrats on all the hard work you do and for the pay off:-)
Congrats, what a great way to start the new year!
Congrats on finally being positive!!! That must be an amazing feeling
Congrats! That’s great news!
Gz!
Congrats!
That’s wonderful!! Just reading your post makes me realize that I have to adjust some of my insurance policies. I want to be sure that my wife is covered and doesn’t have to deal with my debt problems. I’m also trying to gain a positive net worth and I’m hoping 2012 will lead to positive change.