Monthly Review, Personal Finance 

November ‘06 Net Worth Monthly Review

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Welcome to yet another one of these net worth reviews – not quite as comprehensive as Flexo’s corporation-like balance sheets and income statements, but a little more than you’re probably used to hearing from your friends.

November was one of those truly good months in which nothing bad happened – everyone is healthy, the cars are running well, and the house is still in great shape. For all you number lovers, more after the jump.

Net Worth: $161,957.79 (+3.74%)
Retirement Assets: $69,029.34 (+2.26%)

I wrote a few days ago that I was going to contribute 90% of my income into my 401k but unfortunately that didn’t pan out – apparently I didn’t submit the request early enough (I submitted it on the 27th).

So, where did that retirement asset boost come from if not from my own contributions? It came from huge gains by my stock investment in Airtran Airways, which was upgraded by Bear Stearns and spiked up around 20% to around where I bought it. Funny thing is that Bear Stearns was the one that downgraded it in mid-October which led to its drop in the first place.

One thing that was pretty exciting this past month was that it marked the third consecutive month that this site generated more income than my starting salary at my “real” job three years ago. This is part of the reason why I was motivated to investigate whether I could really contribute 90% of my income to my 401(k) and because at this rate I was going to get phased out of being able to contribute to a Roth IRA – something I had already done for 2006.

See you next month!

{ 6 comments, please add your thoughts now! }

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6 Responses to “November ‘06 Net Worth Monthly Review”

  1. King Asa says:

    Are those percentages in green the monthly change (i.e. change from start of Nov. until start of Dec.)?

  2. jim says:

    Essentially they are, they’re just the difference between October’s number and November’s number. I calculate those values on first of every month (so for October, I pulled numbers as of November 1st; for November, I pulled numbers as of December 1st).

  3. Not that it matters much, but I just took a trip on AirTran Airways. I didn’t think it was a bad flight by any means, but everyone else in my party said they wouldn’t fly it again if there’s another reasonably-priced option. Just my 2 cents…

  4. jim says:

    Honestly, Lazy Man, a lot of people don’t understand that it is expensive to fly, when you buy a budget ticket from a budget airline, even if it’s a nice company like Southwest and Airtran, they’re cutting costs where they can. People want a gourmet meal and only pay $100 for a ticket and it’s ridiculous.

    You get what you pay for. I know what I’m getting with my $100 flight and I’m fine with it, because it’s a hundred bucks.

  5. I would have thought the same thing if the people I were with didn’t fly JetBlue and Song (which I think is gone) in the past. I think my friends set the bar high with the entertainment that JetBlue offers. I’m happy getting to my destination safely for the $100, like you. I’ll still fly Airtrain, it’s just a couple of hours out of my life and I enjoy the savings.

  6. Wise Bread says:

    Top 100 Most Popular Personal Finance Blogs recently released the Top 100 List of personal finance blogs to read in 2007. I've re-ranked the list in order of popularity to make it easier for readers who do not have the time to browse through all one hundred blogs. Methodology

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