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September 2012 Earnings and Net Worth Update

September 5, 2012 by Eric Rosenberg

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September 2012 Net Worth Chart

This month, I started saving up for my liberty fund. Saving up $30,000 is not easy, but it is a goal that I know I can attain. Here is how my month broke down.

Banking and Debt

My automated investing in my retirement accounts, including maxing out my Roth IRA and saving heavily in my company’s 401(k) plan, has become second nature now. I don’t miss the money and have become used to the cash flow that allows me to put $5,000 into my Roth in addition to what I am doing in my 401(k).

My liberty fund is a new savings goal of $30,000 in liquid assets. You can read about why I decided my $5,000 emergency fund is not enough for this point in my life.

Side Business Income

Narrow Bridge Media – All Blogs and Online Activities

Revenue

  • Private Ad Placements and Freelance Work – $715
  • AdSense – $30
  • Affiliate Payments – $68

Expenses

  • None this month

I have started working on new freelance projects, and I am excited to see where they go. I am projecting $100 per month from my most recent weekly freelance posting.

Denver Flash Mob

  • Revenue – $150
  • Expenses – $0

I have one outstanding past due invoice and one event in planning. I have changed the strategy of Denver Flash Mob from large, public events to flash mob consulting. This puts the entire planning and execution of the event on me, but removes the burden of recruiting all of the dancers. I will test the waters and see how this goes moving forward.

I changed my accounts receivables policy. I now require an up front payment when I start the choreography and the balance the day of the event. This will keep me from losing money on the choreography and not getting paid.

DJ Yofi

No revenue or expenses this month. I have been booked for an upcoming wedding.

Net Worth

September 2012 Net Worth

Overall, things were good this month. I am excited to see my mortgage balance under six figures. After last month’s 2% increase, I was happy to follow up with a  net worth increase by of nearly 4.66%, or $5,526 in July.

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Filed Under: Budgeting, Earn More, Saving

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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Reader Interactions

Comments

  1. frugalportland says

    September 5, 2012 at 4:13 pm

    nice work!

    • Eric says

      September 6, 2012 at 10:14 am

      Thanks!

  2. [email protected]&More says

    September 5, 2012 at 4:58 pm

    $5,000+ net worth month is nothing to sneeze at. Congrats on the awesome work!

    Is this mainly because of your new goal on the Liberty Fund and a new focus on it or just a typical month?

    • Eric says

      September 6, 2012 at 10:14 am

      The biggest difference from a normal month is that I got 3 paychecks. We are paid every other Friday, so two months each year are bigger than the other ten.

  3. Jason Clayton says

    September 6, 2012 at 10:17 am

    Nice Work Eric – and I still love the name of your new fund “Liberty Fund”. Liberty is what it’s all about.

    • Eric says

      September 6, 2012 at 11:23 am

      It is exactly what I am looking for. Liberty:
      The state of being free within society from oppressive restrictions imposed by authority on one’s way of life.

  4. John Preston says

    September 6, 2012 at 8:05 pm

    Nice work Eric! I’m excited to my my own mortgage payment this month and bring the balance under $80,000. It’s a nice feeling, seeing the balances drop below a new milestone.

    • Eric says

      September 7, 2012 at 9:03 am

      Great milestone! How long do you plan to keep paying before it is gone forever?

  5. Andrea says

    September 7, 2012 at 3:32 am

    Nice increase and congrats on dropping that mortgage to 5 figures 🙂

    • Eric says

      September 7, 2012 at 9:04 am

      Thanks! I loved hitting that milestone.

  6. Marie at Family Money Values says

    September 13, 2012 at 2:31 pm

    Liberty fund is a great idea…

    • Eric says

      September 13, 2012 at 5:22 pm

      It is working well so far! Thanks.

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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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