Net Worth - August 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.

August 5, 2009

Passive Income: $0.00
Total Income: $2,887.63
Total Expenses: $2,440.66
Monthly Cashflow: $446.97

Total Assets: $33,341.81 (10% First Cash Holding Account, 10% First USD Cash Holding Account, 10% First Accounts Payable Account, RRSP, TFSA, Silver) +1.12%
Total Liabilities: $30,541.56 (Student LOC, OSAP, Car Loan, Mastercard) +1.74%
Net Worth: $2,800.25 (-152.00 or +5.15% from last month)

Started 2009 with Net Worth: -13,156.58

Year to Date Gain/Loss: +$15,956.83 or +121.28%

Final Thoughts: Talk about a rough last couple of days to the month. I ended up losing my USB key (again ... this is twice since I have been doing these updates). Again ... Thank Goodness for the Net Worth IQ website. I'm still trying to figure out where it ended up since we just moved over the long weekend to our new humble abode.

For a month where a lot of expenses popped up from the move, I'm quite glad that I pretty much flat lined and only lost $152.00 in Net Worth. I'm not happy that I had to dip into my RESERVE account and that my MC went up as well, but I guess that was to be expected with all the additional costs from the move and weddings.

Here's to August turning out to be a better month for Net Worth Growth! Let's see how the September 1st post turns out!

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