J.C.’s Money Blog

Documenting my journey from the corporate world to entrepreneur. And then getting really rich.

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Net Worth Update - February 2008

March 10th, 2008 · No Comments

February was my first month without a job, and I found lots of ways to fill up my time without generating any revenue, so my net worth has taken quite a hit, due the 1-2 combo of virtually no income and major down stock market.

Account Jan-08 Feb-08 Monthly Change Monthly Change %
Accounts Receivable $13.45 $16.14 $2.69 20%
Checking BoA $290.04 $746.77 $456.73 157%
Checking VB $2,804.51 $0.00 $-2,804.51 -100%
Savings BoA $304.18 $308.25 $4.07 1%
Savings ING $6,004.71 $5,685.35 $-319.36 -5%
Brokerage Cash $6,053.93 $1,630.83 $-4,423.10 -73%
Brokerage Equities $9,203.79 $13,278.00 $4,074.21 44%
401k $33,603.24 $32,764.65 $-838.59 -2%
Total Assets $58,277.85 $54,429.99 $-3,847.86 -7%
Credit Card 1 $0.00 $0.00 $0.00 N/A
Credit Card 2 $0.00 $0.00 $0.00 N/A
I need a car $6,000.00 $6,000.00 $0.00 0%
Total Liabilities $6,000.00 $6,000.00 $0.00 0%
Net Worth $52,277.85 $48,429.99 $-3,847.86 -7%

Not much new here, I spent quite a bit on purchasing more index funds to lower my cash position. Also I’m already dipping into my money set aside for the car. Since I don’t want to drain this so quickly, I am working on getting a contract web developer job to get my cash flow back in the right direction, while simultaneously improving my web development skills.

I just finished my Net Worth HTML Table Generator project, which was a nice way to brush up on C#, a language I will be using some in my web projects.

Tags: net worth update

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