Our July Net Worth

by James & Miel on July 15, 2007 · 0 comments

The past three weeks have been kind to us. Our networth has increased from 356 thousand to 367 thousand, a gain of nearly 3.2% percent in one month. That’s not bad. As is our custom I wanted to say a bit about where the money came from.

Before that, I just wanted to give a brief comment. There is a LOT of misinformation about the proper processes of building wealth. For example, Kiyosaki’s Rich Dad’s seminars are coming the the DC area and will be selling a philosophy, not a set of effective tools to achieve real wealth. To counter some of the nonsensical misinformation on the web, we include commentary to give you a frank discussion of each step in the process of our wealth building. This is important because without being transparent about your finances, you’ll never know whats working or what’s not working in terms of building wealth.

Okay, without further verbiage, where did our 3% growth come from? – In a word: stocks. Our TIAA and CREF and Schwab accounts are doing very well and have accounted for nearly all of the $11,000 gain we achieved this month. While 3% isn’t very much, it suggests our decision to invest heavily in stocks and mutual funds has been vindicated.

Thank goodness for capital markets. The juicy details of our bucks are below.

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