My Next Buck » Net Worth http://mynextbuck.com Personal Finance for Young Professionals Thu, 26 Jan 2012 17:34:21 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 From Red, to Black, to Red Again – My Net Worth http://mynextbuck.com/from-red-to-black-to-red-again-my-net-worth/ http://mynextbuck.com/from-red-to-black-to-red-again-my-net-worth/#comments Thu, 30 Jul 2009 12:59:06 +0000 Brian http://buildingwealthtogether.com/?p=305 While planning for my August Cash Flow Recap, I noticed something a couple of days ago.  I have a positive net worth for the first time since I have actually cared about money.  This of course has some caveats as a big chunk of my liquid assets was from my car insurance settlement.  However, until I purchase another vehicle, that money is in my account and thus counts towards my net worth.

So, there you have it, I am out of the red and into the black!  That is until yesterday, when I had to cut a check for August’s rent and I fell below $0.00 in net worth again.  It may be a while (after I purchase my car) but I know I will be in the black again, and next time I am, I will be there for good!

Hopefully this time next year I will have as much money invested as I do outstanding in my student loans (something I am in no rush to pay off while the market is so low).  Maybe when I get into the black I will move my cash flow recaps into net worth recaps and work my way towards that goal of a cool million in the bank.

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