This Page May Contain Affiliate Links

Net Worth Update for December 2015

Net Worth Update(When it comes to monthly reports I’m going a different route than a lot of
others. Instead of going through the nitty-gritty of every detail on my net worth statement. I’m taking a macro view so we don’t get bogged down by the details.)

Changes in Total Net Worth

This month our net worth increase was great. Especially considering that December is our biggest expense month. Overall year over year we are at 10.84% increase from last years net worth. Which is still good, but I would like to see it above 12%. (And for the record if I was at 12% I would like it to be more than that too. 🙂

2016 is going to be a year of big things and big changes. I have a lot of things planned for Family Money Plan and I’m very excited for the year ahead. Make sure to sign up for the newsletter so you don’t miss out on any of the action

 

pc_track_net_worth728x90

Passive Income for the month of December

Our passive income for December was from our dividends and some interest in our accounts.

Income from Dividends $38.71 

Interest $3.32

I’m really excited about the year ahead and to start building our nest egg and growing our passive income sources.

Total Passive Income for December        $42.03                      

This may seem small to a lot of people but for us it’s ground zero. I’m hoping as we go through the following years that we will be able to see how our passive income grows over time.

Now Check Out  Net Worth Update: November 2015

Overall Passive Income for 2015 – $772.94 in Dividends and $98 in Interest.

This was the first year of investing for dividends. I have been pretty happy with our dividend system so far. Many of our stocks are down over the year, but they are still cranking out the dividends which means that they are cash flowing decently. Despite what Mr. Market is currently valuing them at.

Passive Income and Expenses From Websites

Since this blog is also a business I need to be keeping track of all of my income and expenses come in. I have a threshold that once I hit I will start posting how much I am making from my online efforts.

A Few Other Notes

 

If you want to get started on your own net worth statement and take your first steps towards financial well being you can sign up for our mailing list here.

Have you calculated your net worth for December? I’d love to hear how your month went, post a comment below and let me know.
pc_track_net_worth728x90

This post may contain affiliate links, thanks for supporting my blogging endeavors!
Now Check Out  Net Worth Update for March 2016
FamilyMoneyPlan.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

4 comments

  1. Reply

    Andrew,

    Nice work on increasing your net worth. Nice work on starting to build your dividend income.

    I am finding your site from the Yakezie challenge. Good luck with that as well. I really like your site layout – it is very professional looking.

    • Reply

      Thanks Derek! I’m still getting used to the whole posting your Net Worth online thing. I think this method makes sense. Really in any given month you are trying to increase your net worth and outside of investment fluctuations from month to month it’s really about how much you can save or reduce your debt load.
      Are you doing the challenge?

Leave a comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Shares
Share This
Money Guiding Principles To a Happier Life

Psst! Want Access to our Members Only Area?

Take control of your money today!

Get our best ebooks for FREE! Including: How to Hack Your Mortgage and Save $1,000.

Sign up below now.

Awesome! You are now subscribed. Check your email for the next step!

Free! Get: How to hack your mortgage and save $1000s ebook now! Check it out.

Psst! Get Member's Only Access

Want something no one else can get?

Sign up and get our best ebooks for FREE! Including: How to Hack Your Mortgage and Save $1,000.

Sign up now and get started.

Sweet! Check your email for the next step.

universal amazon link by BestAzon