Archive for May, 2008

May 2008 Net Worth

May 11th, 2008 Comments(0)

I mentioned earlier that I’ve been an active reader of personal finance blogs for a little over a year now and as a result have been tracking my net worth since April of last year. I’ve been debating the value of trying to present that history on the blog, but in the short term I’ve decided I’d rather just post this month’s update against last month for now.

May April Change (%)
Assets
Cash 43,210 58,032 -14,823 (-25.5%)
Investments 10,537 10,267 270 ( 2.6%)
Retirement 89,762 86,603 3,162 ( 3.7%)
Home 315,000 315,000
Debts
Credit Cards 5,854 18,329 -12,475 (-68.1%)
Student Loans 17,531 17,570 -39 ( -0.2%)
Mortgage 261,542 261,953 -411 ( 0.1%)
TOTAL $ 173,582 $ 172,050 $ 1,532 ( 8.0%)

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Some personal financial history

May 05th, 2008 Comments(0)

I figure it’d probably be interesting for people to know more about me and how I ended up where I am today. I don’t want to go into great detail as I imagine something will come out more organically, but some details might be fun to share.

I’m a Colorado native and I currently live in Denver. There was a brief period in my early 20s when I moved to the northwest, but my love of the Rockies (the mountains more than the baseball team) and a business opportunity brought me back. The business opportunity proved to be a bust, but my financial situation really started to spin out of control during the same period and some of it has stayed with me for years.

photo by ishrona

photo by ishrona

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