Net worth update - June 2008

by Ry@SpillingBuckets | 6/15/2008 in |

Some thoughts before the numbers:


Another interesting read from Brip Blap titled net worth or net worth less, explores the value of net worth analysis beyond that of a simple motivator. Steve outlines four smart pivot points on which this analysis should be hinged while helping to ensure we frame this kind of information in an intelligent fashion. Here are the concerns:

(I edited the wording a little)

  • Calculations may differ from person to person
  • A net worth of $200,000 is valued differently in Erie, Pennsylvania and Stamford, Connecticut
  • Net worth may not clearly show cash flow
  • Net worth might not clearly show risk
It may be a good idea to take these and other items into consideration as you read through statements like this.

Net worth Update highlighting current progress:


Some more hard work this past month and some very generous graduation gifts from a mini party has inched us a little closer to the day of zero. We have also delved a little deeper into the world of alternative income streams and will be writing more about these in a separate post. Take a look at our most up to date alternative income stream spreadsheet while we continue to work to have each reviewed and shared.

This month also marks our first ever SPILLING BUCKET! We now have a fully funded emergency fund providing a buffer between drought and total dehydration.

Overall, we were fortunate enough to be able to increase our total net worth by 7.28% or $2,021.




Here is our historical progress record.


Thanks again to everyone who wrote in on our first ever spilling bucket and goal completion.

We continue to wish all of you the best of luck towards your goals and pursuits.

Wikinvest Wire

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Our current list of goals as we discover what it means to be wealthy, abandon the deferred life plan, and work to design a fulfilling and sustainable life.

  • Emergency fund of 6-9 months living expenses. Accomplished: June '08

  • Save for a down payment on a house. Accomplished! May '09 Holy moley, we bought a house!
  • When we started this blog we set a goal to have a party on the date we crossed over to zero net worth. We made it! January 6th, 2010!
  • 100% debt free.
    We know the normal thinking about low interest student loan and mortgage debt, but just think how weird would it be to be debt free. How many unique things could we do with little or no major financial obligations and no payments. Gets the mind working, huh?
  • PhotobucketThanks to your support we have been able to provide over $553 in microloans and charitable donations helping to share some of the many opportunities we have with others who may just need a little boost.

    Help spread opportunity today: We suggest visiting Kiva.org, Serve.gov or Points of Light to find a local volunteer organization.

    current sponsored entrepreneurs at Kiva:

    Here is a map of where they are.