Net Worth Update – November 2009: $63,136 (-%4.47)

Written on December 2, 2009 by Broke M.B.A. in Net Worth Updates

Net Worth

Cash – $24,028
We bought a house and our cash reserves took a hit.

Stocks – $1,454
Our two cars are completely paid for. So instead of sending a monthly car payment to the bank, we’ve recently started investing $350 per month in a mutual fund. There are some risks associated with this strategy, but they are risks we are both comfortable with. This strategy was solely inspired by Dave Ramsey’s Drive Free, Retire Rich.

Retirement – $21,299
We are still saving roughly 15% of our gross pay for retirement.

Cars – $11,975
The value of our cars is an estimation from Kelly Blue Book.

Home – $142,000

Student Loans – $7,406
Still looking forward to getting rid of these next spring.

Mortgage - $130,000

Credit Cards - $114

About The Author

Broke created The Broke M.B.A. in between daytime paper pushing and enjoying home cooked dinners. Learn more about him and follow him on twitter.

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2 Responses to Net Worth Update – November 2009: $63,136 (-%4.47)

Physlab
December 13, 2009 | 8:06 am

Are the mutual funds actively managed or are they index mutual funds?

Physlab
Broke M.B.A.
December 14, 2009 | 8:34 pm

@Physlab – I have two index mutual funds in my “car replacement” account. Outside of my 401(k) which I believe is actively managed, I have a growth mutual fund in my Roth IRA.