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March 2013 Net Worth and Earnings Update

March 13, 2013 by Eric Rosenberg

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For the first time in years, I totally forgot to update my net worth on the first of the month. I guess all of the changes in my life are a bit distracting. Here is my slightly belated March net worth update.

Banking, Debt, and Investments

My refinance is behind me, and I am now in the two months between my roommate leaving and my girlfriend moving in. That means that all of my condo costs are falling on me. I would not have refinanced my mortgage to a higher monthly payment if I were not able to afford it on my own (and the bank would not have approved it), so everything is fine, but I’m saving a bit less than usual.

I am pushing forward adding $25 automatically each paycheck into my Lending Club account. My net annual returns at Lending Club are 11.01%. I currently have 31 active loans, 1 in funding, and 10 fully paid. I love Lending Club as an alternate investment vehicle.

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 as long as I keep focused. This month, I was able to keep adding despite living alone.

I started saving in August and I am excited to hit one major milestone. I now have $15,000 in savings accounts. I am planning to put the remainder in higher interest investment accounts.

My current balance is $19,005. The bulk of my liberty fund is in a high interest savings account. I suggest Ally Bank for this type of savings. This is an increase from my $5,000 emergency fund goal.

 

Side Business Income

Narrow Bridge Media – All Blogs and Online Activities

Revenue

  • Private Ad Placements and Freelance Work – $1,058
  • AdSense – $26
  • Affiliate Payments – $140

Expenses

  • Freelance Writers – $60
  • Web Expenses and Development – $110

Good month overall. Always like beating the $1,000 revenue mark.

Denver Flash Mob

  • Revenue – $150
  • Expenses – $0

The completely rebuilt the Denver Flash Mob website is sending me more business leads, but I don’t always have the ability to meet the requests. I have a couple of events in the works for the spring and early summer!

DJ Yofi

  • Revenue – $0

I did one show on New Years Eve for Denver Underground Parties (see below).

Denver Underground Parties

I started a new project with two friends called Denver Underground Parties. We had our first successful event on New Year’s Eve, and it was a profitable party. We have not paid ourselves from the earnings yet, so I will hold off on sharing the profits.

Net Worth

March 2013 Net Worth Detail

In total, my net worth was up $3,545, or 2.21%. I update my condo value from Zillow and update my car value based on Kelley Blue Book annually in January. I pay off my credit cards in full each payday.

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Filed Under: Income Reports

About Eric Rosenberg

Eric is the founder and editor of Personal Profitability. He left his corporate finance job in 2016 to take his online side hustle full-time and now earns a six-figure online income.

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Comments

  1. Glen @ Monster Piggy Bank says

    March 13, 2013 at 6:21 am

    I’m always in awe of your net worth updates. I started doing mine at the start of the year, but forgot to keep it up to date as the months have screamed past.

    • Eric says

      March 13, 2013 at 9:13 am

      Ha ha, thanks Glen. I don’t think I do anything too special. I just work hard to earn more and spend less every month. I save and invest everything I can to build for the future.

  2. Sam Kim says

    March 13, 2013 at 1:14 pm

    So what is the benefit of using this networthIQ against Mint.com? I would suspect that mint.com would generate quite similar graphs you have in here.

    • Eric says

      March 14, 2013 at 11:49 am

      Mint gives you a net worth, but it cannot track over time with the detail that Net Worth IQ offers. I use both, but only log into NWIQ once a month for the update.

  3. Nunzio Bruno says

    March 13, 2013 at 1:24 pm

    I can’t wait until I can get my blog income over $1k – pretty far from it at this point lol. Nice work on upping your net worth this update. I want to start doing it monthly but am still a little nervous about it haha So for the time being quarterly it will stay 🙂

    • Eric says

      March 14, 2013 at 11:50 am

      It took me a long time to get there, but it does feel great.

      What is the worry about updating your net worth monthly? It doesn’t take long if you use a good tool and you can find great information about your own financial situation.

  4. Mart Zee says

    March 15, 2013 at 12:11 am

    This is a great jump in the value, very impressive and inspirational. I am amazed with your freelance revenue. I hope one day I get there too.

    • Eric says

      March 15, 2013 at 9:07 am

      It is not all freelance, it is intermingled with other blog revenues. It took about five years to get to this point. Lots of patience and hard work. Nothing was over night.

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I started a little side hustle blog in 2008, and left my full-time day job as a Senior Financial Analyst to turn my side hustle into a full-time gig. Learn how I did it so you can build your side hustle. It all starts with the first dollar.

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