Finally, I’m able to maximize my 2011 Roth IRA contribution this month after coming back from a vacation abroad.
We also gave family members $500 last month, along with $1000 five months ago and $500 during Christmas. We are expected to help out each year for a foreseeable future. However, we are very fortunate to be able to save despite all the financial burdens.
March 2011 also marks another milestone: Net Worth surpasses Total Debts for the first time since we started tracking. That means our Assets are more than twice our Liabilities or Total Debts.
Net Worth = (Assets – Liabilities) > Liabilities
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