Retro: July 2005 Net Worth Update

We started to get into a good routine during July.  Both of our jobs have been fun, challenging, and going well overall.  We found a good church to join and have already begun to make some new friends.  Life is good.  This was the first full month of work for both of us too, since my fiance started mid-month in June.  Half a month of work meant she only earned half her monthly salary last month.  But for July, it was full paychecks to deposit at the end of the month!

I am excited to report another GAIN to our net worth! At the end of July 2005, our net worth increased by $4,061 to a new total of $41,961.  That’s a new “increase” record for us and another month of double-digit increases, coming in at 10.7%.  

FI Champion's Net Worth Update for July 2005

(View details and definitions for all line-items in our monthly Net Worth Updates)

Noteworthy highlights for the July 2005 update:

After earning our full paychecks as a couple this month (and rental income from the two units of our duplex), we were able to save quite a bit.  Extra money beyond our living expenses was sent to Vanguard for investing in mutual funds.  Nothing fancy, just the S&P500 Index Fund.  This investing combined with the strength of the stock market in July should help explain the big bump in the Taxable Brokerage Accounts line-item.

I setup a new Roth IRA account for my fiance at Vanguard.  She already has an account with…

Continue reading the “July 2005 Net Worth Update” post by clicking here.

 

Note From Author

The full “July 2005 Net Worth Update” post has been back-dated to 07/31/2005.  But it was originally published to the Financial Independence Champion (FIChampion.com) Blog on 05/28/2016.

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!

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