August 29, 2009

August Net Worth Update (+$5,473.52)

We’ve been blessed to string together 3 strong net worth increase months in a row. Our net worth in August increased $5,473.52 from last month, to a total of $50,125.05 (click on spreadsheet below). That means we've passed the $50,000 net worth milestone!


What Worked

August was full of nice surprises. We received my wife’s $896 ($480.84 net) quarterly bonus a month earlier than we expected, my pay was increased 1%, and we decided spontaneously to pay $6,250 extra to my auto loan. We contributed a total of $1,181.48 to our retirement accounts (401k & Roth IRAs) and saw our retirement accounts increase to a total of $3,814.65! We increased my wife’s 401(k) contribution from 5% to 15%, starting with her 2nd paycheck in August. That's makes her new total 401(k) contribution $346.88 a check or $8,325.12 a year.


What Didn’t Work

August was a great month. Thank God.


Next Month

September looks like it will be good month. I want to take a moment to say that if you haven't seen the movie "Pursuit of Happyness", it's a must see. I just caught it on TV for the 2nd time. It's the true story of a single dad fighting for a stockbroker position at Dean Witter, while facing challenges such as a period of homelessness and trouble with the IRS.


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