This month was uneventful in my personal finances, but very good in my business finances. I had a week long out of town trip with my family, and it was nice to get away. I also booked a 100% free flight to visit my girlfriend’s family for Thanksgiving using free miles. Here is how everything worked out in October.
Banking, Debt, and Investments
This month, I sold two ETFs in my Roth IRA and bought a high yield dividend stock fund from Vanguard to replace them. The fund is primarily blue chip stocks, and matches better with my long term investment goals. I am also excited by the very low fees in this fund.
I am now depositing $25 automatically each month into Lending Club account. My annual returns at Lending Club are more than 10%, so I plan to do more with P2P over time. I am also keeping my eyes on my new $100 investment in my new Prosper account. You can get started with either Lending Club or Prosper with only $25.
Liberty Fund Update
I have a $30,000 savings goal for my liberty fund. Saving up $30,000 is not easy, but it is a goal that I know I can attain. This month, I was able to able to add about $1000, which brings me to a total of $17,593. My liberty fund is in a high interest savings account. I suggest Capital One 360 for this type of savings. This is an increase on my$5,000 emergency fund goal.
I had an unexpected situation with my carpet, and I have been considering adding hardwood and remodeling my kitchen for a while. I am planning on paying for this major expense out of my Liberty Fund.
Side Business Income
Narrow Bridge Media – All Blogs and Online Activities
- Private Ad Placements and Freelance Work – $425
- AdSense – $39
- Affiliate Payments – $113
- Freelance Writers – $50
Certainly not a stellar month, but still had enough revenue to cover my mortgage payment. Having low living expenses means I can usually cover my basic monthly costs with my side project income.
Denver Flash Mob
- Revenue – $200
- Expenses – $0
I completely rebuilt the Denver Flash Mob website this month to help my new strategy. I am focusing less on large, public events and more on flash mob consulting. I also require a $100 down payment up front to ensure I don’t get burned on an event, which happened once before.
- Revenue – $0
In total, my net worth was up $3,131, or 2.41% in November. I’ll take it! I plan to update my home value annually to allow for consistent monthly analysis. According to Zillow, my home value is up about $30,000 since my last update.
10 thoughts on “December 2012 Net Worth and Earnings Update”
Love the rocket ship chart!
Out of curiosity, do you share these posts with your dates by any chance? That would be a good post! S
I never shared my net worth on a date, but I recently shared it with my girlfriend. We are talking about the future of our relationship and hit a point where money could be a factor in what we do next.
Wow nice jump in the home value. How confident are you in Zillow?
Thanks Lance. I know Zillow can be somewhat suspect, as it is based on a set of algorithms. However, it is a pretty great gauge on property movement over time. I live in a condo, so sales in my building get extra weight in the calculation and it should be a decent guide.
Nice looking chart for your net worth! Always fun to see how people are meeting their goals 🙂
Thanks! I love watching it go up, up, up!
Awesome chart. My net worth is flattening out since I quit my job, but that’s expected. Hopefully, it’ll improve after a couple of years. At this point, I’m happy with flat. 🙂
That makes sense Joe. Do you have investments that you expect to help generate more income, or are you looking more to side project businesses?
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