Someday's Net Worth for August 2012


Assets Value Change ($) Change (%)
Cash $10,500 ($1,000) (8.70%)
Stocks $29,000 ($400) (1.36%)
Bonds $500 - -
Annuities $0 - -
Retirement $204,800 $7,100 3.59%
Home $400,000 - -
Other Real Estate $0 - -
Cars $30,900 ($500) (1.59%)
Personal Property $0 - -
Other Assets $13,200 $300 2.33%
$688,900 $5,500 0.80%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $297,900 ($500) (0.17%)
Other Mortgage(s) $0 - -
Student Loans $2,400 ($100) (4.00%)
Credit Cards $10,300 ($300) (2.83%)
Car Loans $25,800 ($700) (2.64%)
Other Debts $0 - -
Total Debts $336,400 ($1,600) (0.47%)
Net Worth $352,500 $7,100 2.06%
*All values shown in USD ($)
Notes:
I formed two companies in August and reduced my work week at my salaried job from 5 days to 4 days. Company #1 was formed so that I can do some consulting work. It provided services during the last week in August and invoiced $650 in August. Monthly, I will indicate how much Company #1 invoices. It needs to invoice around $2500 per month to break even with income loss associated with the reduction of hours. I anticipate invoicing about $6k per month for the next few months. Company #2 seeks to develop a high-tech product. To be successful it will take years and a lot of investment money. I won't mention Company #2 much, but we did manage to get $5000 (for nothing, zero equity given) to get us off the ground. Retirement contribution/match will drop $3.5k per year, so total contribution rate will decrease to $50k /year.

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