Medicated Money

Saturday, July 01, 2006

Net Worth - June 2006

We look forward to the first of the month due to the fact that the pencil and paper get broken out and our net worth is determine through numerous calculations. Actually, we have a good idea of our net worth throughout the month thanks to Quicken, and the calculations are provided by Bill Gates and his wonderful program, Excel. Thanks, Bill!

But in all seriousness, the 1st of the month means we get to pay attention to that net worth by writing a post on it! So, without further ado, we present our net worth for June 2006:

As always, we would like to make a few comments on this past month's performance.

  • We are ecstatic that we have paid off Student Loan #2. This bad boy was never consolidated with the other loans because of some technicality with the State of New Jersey. The interest rate did fluctuate and was at 7.61%. Ouch! So, we completely paid this loan off. Please exit stage left, and don't let the door hit you in the ass. Good Riddance!
  • We decided that our next victim of our debt repayment would be Car Loan #2. We gave it a good hit with $2,000 this month.
  • With the craziness of the market place, we, like everyone else, lost some ground in our 403(k) but this should not deter us in future contributions.
  • We are extremely please to announce that this past month we made the largest jump in our net worth since the start of this blog (and probably ever). Our net worth increased by 11.39%. Our previous highest was the month of April's net worth were we increased it by 10.70%.
  • And finally, our net worth has increased by 31.80% since the creation of this blog.


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