I’m excited to post this January 2006 net worth update because it is the start of a brand New Year — and this will become our first FULL year of working! Having just graduated in May, last year only included 1/2 year of full-time work. As a self-proclaimed data nerd, it will be nice to have a complete year worth of information to analyze at the end of 2006.
But maybe I’m getting ahead of myself. It’s only January, after all. There are several months to go before I can really dive into things.
Largest monthly $$$ increase ever!
Our first Net Worth Update statement for 2006 continues the positive streak! For the 8th straight month we have been able to record a monthly GAIN to our net worth. As of the end of January 2006, our net worth has increased by $6,823 to a new total of $69,259.
In addition to being an all-time high for our net worth, this is also the largest monthly increase that we’ve ever seen, in dollar terms. The previous high was back in September, when we gained $5,464 during the month.
Noteworthy highlights for the January 2006 update:
– I contributed a large amount into our Roth IRA accounts, to the tune of $2,600. Normally I would spread the contributions throughout the year, but since we had some extra money available, I decided to put it to use in this retirement account sooner rather than later.
– The stock market was off to a good start in 2006. The 2% boost further helped to…
Note From Author
The full “January 2006 Net Worth Update” post has been back-dated to 1/31/2006. But it was originally published to the Financial Independence Champion (FIChampion.com) Blog on 07/21/2016.
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!