Net Worth Update: January 2011

Here is a current look at where my NetWorth sits as of January 1, 2011:

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: $1,014
  • Personal mutual funds: $6,653
  • Retirement: $14,282
  • Savings accounts: $200 (starting over on yearly savings and E-fund needs to be rebuilt after car maintenance)

Liabilities

  • Student loans: $14,146
  • Credit card debt: $12,639

Total Net Worth: -$4,136

Net Worth a Year Ago: -$10,954

Total increase in net worth in 2010: $6,818. Holy crap – looking at things from the “big picture” of fast forwarding a year I feel really, really good about the work I’ve done. Turns out I wasn’t so much a failure after all!

My goal for 2011? A POSITIVE net worth!

And of course, for you visually inclined individuals, a pictorial summary of my net worth:

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13 Responses to Net Worth Update: January 2011

  1. GZ on knocking down that debt! GL with your resolution for the new year!

  2. Congrats! And good luck on your 2011 goal!

  3. That’s a great increase!

    I love how you are not stressing about the dollars and dimes and using $500 as the amount of cash on hand… I may borrow that too!

    Good luck for 2011!

  4. A positive networth is my goal for 2011 too… Unfortunately I have much further than you to go 😦 lol here’s to trying, anyway

  5. Stephanie says:

    Yay! Good job 🙂

    It’s always fun seeing those jumps up in net worth! You’re kicking butt!

  6. Airam says:

    Congratulations! I’m sure you’ll be able to hit that positive net worth goal sooner than you think!

  7. Well Heeled says:

    Congratulations on the net worth progress. You are so close to a positive number!

  8. Lindy Mint says:

    Don’t you love progress, and graphs, of course. Nice job!

  9. Congratulations on a successful year. Increasing your net worth by almost 50% is awesome — your almost over the hump, and in green.

  10. Pingback: Imagine 2011 «

  11. Woah. That’s an awesome jump!! At this rate, you’ll probably be in the “positives” by mid-year if not sooner!

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