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.