Retro: August 2005 Net Worth Update

It feels like Summer is coming to a close.  Normally at this time of year we would be sitting in our first classes of the new semester.  Instead, we have our 9-to-5 jobs to attend.  We’re a little sad — well, bittersweet is probably the better description.  We miss seeing familiar faces of friends and enjoying life in college.  But we don’t miss reports, projects, and homework!  I guess working at our jobs and earning a nice paycheck is a worthy trade off.

Once again we have been able to record a GAIN to our net worth! As of the end of August 2005, our net worth has increased by $5,228 to a new total of $47,189.  In terms of dollars and percentage, this is a new “increase” record for us.  We are quickly approaching the $50,000 net worth level too. 

FI Champion's Net Worth Update for August 2005

(View details and definitions for all line-items in our monthly Net Worth Updates)

Noteworthy highlights for the August 2005 update:

My wife was able to setup and begin contributions to her company’s 401k account this month.  As such, I have added a new line-item for “401(k)” under the Assets heading above.  For now this will just be my wife’s account value.  Eventually, when I am allowed to start my 401k plan at work, we will include my account value too.

I am taking advantage of a 0% interest and 0% balance transfer credit card offer that came in the mail.  No interest will accumulate and only minimum payments are due for the next 12 months.  I was able to write a check and deposit it directly in…

Continue reading the “August 2005 Net Worth Update” post by clicking here.


Note From Author

The full “August 2005 Net Worth Update” post has been back-dated to 08/31/2005.  But it was originally published to the Financial Independence Champion ( Blog on 06/04/2016.

Why Back-Date Posts?

I mentioned in my first post how this blog will be a little different than any other ones you may follow.  I still plan to talk about personal finance, rental property, travel, and the pursuit of financial independence.  But to give all these topics the right context and the full picture, I need to start at the beginning.  I need to fill in the details of life from 2005 until now.  I want you to see the successes, the struggles, and all the milestones we passed along the way.  Therefore most of the “new” content will be back-dated to their appropriate dates in 2005, 2006, and beyond — until we’re caught up!

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