• Net Worth, May 2010: Still in the Black

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    Wow. It has been over a year since we’ve last updated our net worth. And my has it grown! We have a lot to talk about to keep you updated on how we got here.

    Assets

    First off, we’ve been more than blessed with the market upturn over the past 12 months. With the combined steady contributions and market goodness, we’ve managed to double many of our accounts. Her’s Roth IRA didn’t increase in value too muh because it is where most of our bond holdings are. Regular readers of the blog may remember that we treat all of our retirement accounts as one big pool of money, as we allocate across all of our accounts.

    Last year, instead of contributing to our Roth IRAs and having to pay the IRS a lot of taxes, we opened up a Self-employed 401(k) with Fidelity, the same as Jonathan from MyMoneyBlog did.

    Of note is the decrease in cash. Well, we went on an Australian vacation, bought some furniture, and spent money needlessly. We’re working to rebuild the reserves.

    Liabilities

    Over the past year we’ve eradicated two 0% balance transfers comprising student loans. We’re playing it slow with the other two student loan liablities since the interest rate is low.

    Our credit card spending is up this month because of separate business trips that Her and I had to take earlier this month. I haven’t included the reimbursements in the accounts receiveable.

    During the month of May we’re officially relaunching! Expect much more content, a NEW writer for the blog, giveaways, and much more. Stay tuned!

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