Net Worth - July 2009 Update

Millionaire Mind Action Item - I focus on building my net worth!

March was a great month for net worth growth and now it's time to update my situation. See last month's update here.

July 2, 2009

Passive Income: $0.00
Total Income: $9,388.43
Total Expenses: $2,580.93
Monthly Cashflow: $6,807.50

Total Assets: $32,972.27 (10% First Cash Holding Account, 10% First Accounts Payable Account, RRSP, TFSA, Silver) +7.00%
Total Liabilities: $30,937.80 (Student LOC, OSAP, Car Loan, Mastercard) -11.60%
Net Worth: $2,951.20 (+$6,095.80 or +193.85% from last month)

Started 2009 with Net Worth: -13,156.58

Year to Date Gain/Loss: +$16,107.78 or +122.43%

Final Thoughts: Wow! It took a year and a half (18 months) of Net Worth monitoring and dedication, but I have finally personally broke out of the Negative and into the POSITIVE territory! From -33,000 (with next to no assets) to just shy of $3k (with $33k in assets)! It's hard to describe this feeling, but I'm extatic! I even managed to pay off the AMEX completely this month! Wow!

We still haven't consolidated our Net Worth Statements. Never really had the time to concentrate on doing it over the past month since we just wanted to enjoy our time together during our honeymoon and catch up with everything on our return. ~fingers crossed~ We have found a great place to move for August 1st. I have a good write up on how this makes more sense than buying as I have already ran the numbers. Hopefully, once everything's settled, I'll be able to consolidate everything. We're still in the middle of getting a joint bank account and straightening up our affairs.

Declaration: We focus on building my net worth! ... We have a millionaire mind!