• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

Net Worth Report for June 2011

Net Worth Report for June 2011
Net Worth Report for June 2011: $171,804

We intentionally let the depreciation for our two cars and other assets (jewelry, watches, furniture, electronics, arts, collectibles, personal properties, etc.) to fall at a much faster rate. We also paid the six-month insurance premium for our two cars this month.

We will slowly roll part of Other Assets into Home for simplicity. Even though the value for Home is listed per Zillow’s price, but we need to account for the seller’s fee and/or closing cost if we ever decide to sell it. Thus, we don’t have to subtract the seller’s fee and/or closing cost out of the Home’s value by letting part of Other Assets to cover this short fall. In another words, part of Other Assets are included in the value for Home to account for future closing costs and seller’s fee.

By the way, we made another huge push toward overpaying the mortgage. We notice that our net worth over time has constantly increased. To me, it’s very odd as I expect it to be more up and down–although I’m not complaining. That means we haven’t seen the worse yet, and definitely there will be a few big “dips” along the way before we reach our goal of financial independence. Therefore, we consciously decide to reduce our debts and prepare for those “dips” when the good time is still rolling.

Lastly, unexpected expenses for this month include the repair for our central air conditioner that broke down. We also spend money to invest in a very good 2-cycle gas-powered string trimmer and a professional-grade lawn edger.

Back to: Net Worth Main Page
Next post: Net Worth Report for July 2011
Previous post: Net Worth Report for May 2011

Leave a Comment Cancel reply

Must Read

  • Apple Launches Apple Card's Savings Accounts With 4.15% Interest Rate
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
  • How to Refinance a Paid Off Car
  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Cash Out Pension Plan Early
  • Peter Adeney, the Man behind Mr. Money Mustache, Earns $400,000 a Year on His Blog
  • Average Person Worries About Money 6 Times A Day
  • Can HOAs Increase Property Values?

Recent Posts

  • Apple Launches Apple Card’s Savings Accounts With 4.15% Interest Rate
  • More Americans Are Using ‘Buy Now, Pay Later’ Services To Pay for Groceries
  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2023 · Personal Finance News