It feels like Summer is coming to a close. Normally at this time of year we would be sitting in our first classes of the new semester. Instead, we have our 9-to-5 jobs to attend. We’re a little sad — well, bittersweet is probably the better description. We miss seeing familiar faces of friends and enjoying life in college. But we don’t miss reports, projects, and homework! I guess working at our jobs and earning a nice paycheck is a worthy trade off.
Once again we have been able to record a GAIN to our net worth! As of the end of August 2005, our net worth has increased by $5,228 to a new total of $47,189. In terms of dollars and percentage, this is a new “increase” record for us. We are quickly approaching the $50,000 net worth level too.
Noteworthy highlights for the August 2005 update:
My wife was able to setup and begin contributions to her company’s 401k account this month. As such, I have added a new line-item for “401(k)” under the Assets heading above. For now this will just be my wife’s account value. Eventually, when I am allowed to start my 401k plan at work, we will include my account value too.
I am taking advantage of a 0% interest and 0% balance transfer credit card offer that came in the mail. No interest will accumulate and only minimum payments are due for the next 12 months. I was able to write a check and deposit it directly in…
Note From Author
The full “August 2005 Net Worth Update” post has been back-dated to 08/31/2005. But it was originally published to the Financial Independence Champion (FIChampion.com) Blog on 06/04/2016.
Why Back-Date Posts?
I mentioned in my first post how this blog will be a little different than any other ones you may follow. I still plan to talk about personal finance, rental property, travel, and the pursuit of financial independence. But to give all these topics the right context and the full picture, I need to start at the beginning. I need to fill in the details of life from 2005 until now. I want you to see the successes, the struggles, and all the milestones we passed along the way. Therefore most of the “new” content will be back-dated to their appropriate dates in 2005, 2006, and beyond — until we’re caught up!