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Net Worth Update for November 2015

(As I mentioned in last months inaugural 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

Wow that month went quick! This month our net worth was pretty decent. We increased our Net Worth by 54% of our income! This was largely due to the mortgage payments and paying down our car loan. Only 5 mortgage payments left ! WooHOOOOOO!

So what Happened this past month?

The nice gains we had from the stock market last month reversed on us.Net Worth Update November 2015

Hey! This happens in investing. Its unfortunate but I have no control over what Mr. Market decides t0 do in any given month (but man would it be sweet if I did have that control!).

On a Positive Note

This does mean that my stocks that I bought are down and are worth looking over to see if any are at bargain basement prices. Often I will grab some of the stocks I own when they have a higher yield over that of the historic yield. It’s one of several stock criteria I have.

Remember there is opportunity in everything. You just have to keep looking for it.

Passive Income for the month of November

Our passive income for November was from our dividends and some interest in our accounts. One of our companies cut its dividend, which sucks. I’ll be keeping an eye on it. I don’t like when that happens, but it makes good business sense given the business environment they are in.

Now Check Out  Money Goals for the Year Ahead

Income from Dividends $38.00

Interest $ 2.83

Total Passive Income    $ 40.83                         

Hardly needle moving, but starting out with the blog I want to be accountable to you. This is pretty light but I’m just getting started on the whole passive income and wealth and asset building side of things. That said I can’t wait to start growing this part of my finances.

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

This was my first full month that the site was up. Thank you to everyone who read it, and a huge THANKS! to those who have left comments. I heard from someone who used the Satellite Radio technique I wrote about.

I am making my way through the Internet Business Mastery Academy. This has been a huge catalyst for me. Instead of trying to figure everything out for myself, I have a ton of resources at my use, and their guide to setting up a business online is a perfect step-by-step process that I will use for any new business that I start.

If you are needing a primer on net worth sign up for our mailing list below or you can check out last week’s post on The Net Worth Statement.

Have you calculated your net worth for November? Are there any details you would like to see? I’d love to hear how your month went, post a comment below.

This post may contain affiliate links, thanks for supporting my blogging endeavors! 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.

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