It’s time again for my monthly financial reporting. I’ve been posting a balance sheet online almost every month since July 2003 in order to keep myself accountable for my financial decisions. Seven years ago I was not far into my journal to financial solvency, but I was at least spending less than I was earning by then. That was not the case only a few years earlier. So I would say that tracking my progress for the last few years has been fun.
February 2010 was a short month, whether judged by the count of days or by the passage of time. This is a reminder either that I’m getting older or that I’m not leaving enough time for myself. I will be thirty-four years of age this coming month, so many readers will probably see me as young. Yet life is passing me by. At least February was a good month financially.
The stock market was volatile but ended the month on a positive note, boosting my investments. My bottom line passed $300,000 for the second time, moved by investment gains and income. I mentioned last month that income from my “side job,” that is, mostly this blog, would be unsustainable throughout the year because it included long-term deals usually not repeatable. However, I did manage to surpass January’s income without more long-term deals this month.
Continue reading to see my net worth report. Feel free to leave any questions.
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It is very easy to feel that time is passing you by, and ironically doing something routine like tracking your wealth every month can actually make the feeling worse for psychological reasons.
(I’ve got an interesting post coming up tomorrow on my blog on a related subject, if you have two minutes spare).
The feeling that time is getting shorter is not a delusion – it’s maths. When you’re 6, a year was 1/6th of your life. At 34, it’s just 1/34th. Ouch!
The monthly reports do have the effect of compressing time. I look back on last year’s February update and it feels like I just put it together the other day.