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Net Worth Report for May 2007

Assets   $ Diff % Diff
Cash $5,840 $1,342 29.84 %
Stocks $4,600 $635 16.02 %
Bonds $0 $0 -
Annuities $0 $0 -
Retirement $44,252 $7,081 19.05 %
Home $0 $0 -
Other Real Estate $0 $0 -
Cars $0 $0 -
Personal Property $0 $0 -
Other $0 $0 -
Total Assets $54,692 $9,058 19.85 %
Debts   $ Diff % Diff
Home Mortgage(s) $0 $0 -
Other Mortgage(s) $0 $0 -
Student Loans $22,269 ($73) -0.33 %
Credit Card $6,075 $6,075 -
Car Loans $0 $0 -
Other $0 $0 -
Total Debts $28,344 $6,002 26.86 %
 
Net Worth $26,348 $3,056 13.12 %
Net Worth History Chart
Monthly Entry
This month may be alarming due to the huge increase in my retirement account and my sudden credit card balance. Basically I deposited most of my cash from last month to my Roth IRA. I then took out a $6000 balance transfer from my credit card (with $75 fee) to help my Dad finance a car... which he didn't end up getting. So I still have the cash... until a friend wanted an immediate loan of $1500 to buy some frivilously girly stuff. Yeah it's a lot of money to lend out but I know where she lives and I owe her sister a bunch of money anyway. (long story but it's money I never have to pay back but I want to... even if she won't let me)

ESPP stock price jumped back to $100+ range. Good for networth, bad for purchasing. I plan on sending my sister ~$3500 in late summer for a car purchase.

Also, the stock portion of my networth was estimated.

This entry was made on May 3, 2007 (morning).

ps. Sweet! I have $50K in assets! That's 50K more than what I had less than 3 years ago.

Comments

Pay off what you owe her sister right away. As far as what you loaned your friend I hope she pays it back but if she doesn't just consider it as a gift you gave her. In the future,when friends and family need a loan refer them to a bank - unless you want to give them the money as a gift.

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