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Personal Balance Sheet, November 2009

This article was written by in Monthly Update. 6 comments.


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It’s time again for checking in with the state of my finances. Although a few months ago, I changed the format to isolate my “side business” from my personal finances, I’ve changed my mind yet again. It makes more sense just to leave all my accounts grouped together. I don’t do a very good job of keeping things separate. For example, although I have separate bank accounts for personal and business accounts, some business income still comes into personal accounts. Once in a while I transfer money from business accounts to personal accounts.

In terms of income, November was a bit under my expectations. I’m hoping to find new ways to diversify the sources of income from all that I do outside of my day job, but the ideas I have mostly require more dedicated time and effort. I’ve already mentioned that I plan on making the jump to work for myself full-time within the next few months, but it’s probably going to take more growth before I’m comfortable with the switch.

Here are the numbers, without further discussion. Feel free to ask any questions or leave your feedback in the comments below.

Net Worth Balance Sheet, November 2009

Published or updated December 3, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 3 comments… read them below or add one }

avatar KC

Not that it would make that much of a difference, but I think you undervalue your car. In May of 2007 my husband totaled his 1998 Civic EX (not his fault, no one was hurt). The Civic was very low mileage (50k), but the insurance company sent us a check for $7100. Now that was 2.5 years ago. So even if you subtracted 2.5 years off your Civic yours wouldn’t be as old as ours was when totaled. Unless you have an incredibly high number of miles, or it is rusting or something that heavily depreciates the car, it should be worth more than $7100. Just my opinion, I’m sure you are using someone’s blue book value.

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avatar Luke Landes ♦127,386 (Platinum)

KC: That’s right — I update the value a few times a year using the Edmunds.com trade-in value. It’s just a rough estimate so I don’t focus on it much. I’d rather stay on the conservative side, anyway.

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avatar Financial Samurai

I’m impressed your Honda Civic held it’s value! Nice! :)

Keep on plugging away Flexo, you’ll get to 1 million networth in 5 years or so!

Best, Sam

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