Finally an update showing some real progress. During November I stuck to my goals pretty well. I decided to remove my automobile from my net worth calculation because it isn’t a very liquid asset and I need a car to drive. I might take a different approach if my car was worth $30k and I could conceivably sell it and move down the a lesser model, but I am not going to find anything for less than $2k that is as reliable as my little Escort has been. I applied this retroactively to all periods, so all periods can still be compared. All numbers in this balance sheet are now exact numbers. If you notice in previous periods I had only estimates of the parent student loan, but I have since gained access to the exact numbers so I’ll now be able to include those. I has previously underestimated my California Board of Equalization liabilities because I did not factor in the appropriate penalties and interest due on the use tax that I must pay for my online purchases that I previously made. My investment portfolio also has continued to do very well. In fact, since September (just two months) my investment portfolio has returned 26%. Over that same period, my Roth (which is mostly index funds) has returned just 4%. Okay, I know, 4% is good for just two months. But still…
Related Posts
Welcome
I’m Will, the creator of HackingTheBank. No, this site isn’t about actually hacking banks. This blog is all about maximizing personal finance decisions so that we win instead of the banks.
I started this blog in 2010 when I graduated college with $43k of student loans and a negative net worth. Since then I’ve achieved milestones like getting married, buying a house, and tripling my income. During this time my wife and I managed to earn over 12,000,000 miles and points and used those points to travel to over 50 countries. And all of these points came from banks; neither of us travel for work.