Tuesday, June 17, 2008

The DINKs June Networth

Yahoo! We've broken the $400k mark at a nice and steady stride!

Our total increase in the last six weeks has been from $393k to $407k, or a 9.6% increase in just over a month. That's quite an increase over short period of time, so we looked into it further to see what we'd been doing right.

Basically it has come down to two factors. First, and increase in the overall value of our brokerage account. Secondly, a pay-off on our second mortgage. We anticipate that we'll have our second mortgage paid off fully by next week or so. Each of these was roughly a gain of $7k, attributing to most of the increase in our net worth.

Our thoughts on what is to come: We are going to blow our end of year goal of $440k out of the water. Stay tuned to see it in action! It seems like we are doing the right things, so we'll be sticking with a similar approach to achieve our goals over the course of the year.

Feel free to check out the details on our net worth as well:


Cheers,

Miel & James

3 comments:

Anonymous said...

Hey guys, could you maybe do a followup about the 'systems' you've developed to make calculating your net worth quick and easy? I assume it's not a laborious task for you, since you post frequently.

MP said...

You guys ROCK. Congrats.

Will you adopt me?

James said...

Its no special trick, we have the spreadsheet set up, so we just update it every month.

Most of the time we are just checking or on-line accounts, so doing the data entry is pretty easy.