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Monthly Update

Personal Balance Sheet, December 2008

by Luke Landes

The stock market found a way to trash my net worth goal last year. Had the S&P index and my company stock increased in 2008 like they did in 2007, I would have surpassed my net worth goal for the year. Investments have a way of being volatile over short periods of time, and that […]

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Personal Income Statement, November 2008 (Net Income: $22,787)

by Luke Landes

Along with the monthly personal balance sheet, which I use to track my net worth from month to month, I publish a report that outlines my income and expenses. The two reports together help me focus on the total picture. My “extracurricular” income — money I’m earning outside of my day job through writing for […]

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Personal Balance Sheet, November 2008 ($180,926, +6.5%)

by Luke Landes

It doesn’t look like I’m going to meet the goal I set for myself last year. A net worth of $210,000 is out of the question unless the stock market experiences a miraculous recovery. All things considered, my finances are still in good shape. Every month, I review my account balances and income vs. expenses […]

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Personal Income Statement, October 2008 (Net Income: $9,074)

by Luke Landes

Despite the 6 percent decrease in my net worth in October, my income and expenses were healthy. My income was at my expected level for both my salary and “extracurricular” income. October’s expenses were a little higher than expected, but still within an acceptable range. Each month, to accompany my balance sheet, I publish my income […]

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Personal Balance Sheet, October 2008 ($164,209, -6.1%)

by Luke Landes

Following the end of each month, I publicly review my personal financial condition. This is the primary reason I do not use my full name on this blog; I’d like to be able to continue sharing the specific details of my finances without providing people who know my in “real life” the ability to search […]

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Personal Income Statement, September 2008 (Net Income: $7,473)

by Luke Landes

While September wasn’t as bountiful as August, I’m still adding to my bottom line. Even though my balance sheet showed a decline, it was mainly due to unrealized losses in investments, not a lack of income. Each month, to accompany my balance sheet, I publish my income and expense report to keep myself motivated to […]

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Personal Balance Sheet, September 2008 ($171,916, -0.8%)

by Luke Landes

Every month, I publicly review my personal financial condition. If you’re wondering why I post under a pseudonym, Flexo, this is the primary reason. I’d prefer that those who know my in real life, except for a few individuals, are not aware of this information. Reviewing my finances online helps me be accountable for my […]

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Personal Income Statement, August 2008 (Net Income: $11,582)

by Luke Landes

I mentioned in my August net worth report that there were three main reasons for my 7.7 percent increase. One reason was the stock market, which slightly lifted some of my investments. The other two reasons should be apparent from the income and expense report that is included in this post. My net income for the […]

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Personal Income Statement, July 2008 (Net Income: $7,731)

by Luke Landes

My balance sheet provides a decent snapshot of my current financial state, but it doesn’t tell the complete story. While I have control over most of my investments and could sell poor performers and buy others if I so choose, I’d rather stick with what I have for the long term. Therefore, monthly swings in […]

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Personal Balance Sheet, July 2008 ($162,148, +4.5%)

by Luke Landes

It’s two months later, and I still need to achieve another $50,000 to reach my net worth goal of $210,000 by December 31. With so much of my assets tied into the stock market indexes, it’s no surprise I’m not making the progress I hoped for. When the company I work for releases its quarterly […]

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