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

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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