retrospective
I can’t let the month fade out without taking note that I started this blog, The Hustle of Sistah Ant, about a year ago. I have really had a good time writing this blog and reading others’ blogs. If you look at my net worth chart, you may notice that although I was already making financial progress before starting this blog, there is a marked difference in the speed of my progress after I started this blog. It has helped me very much, in various ways. For example, my self-inflicted mandate to write at least four days a week has forced me to be more reflective on the state of my finances more often. Also, having the progress bars in my sidebar has been helpful, because I would actually be more aggressive in paying down debt and saving money just to make the progress bars move faster. Another perk has been getting feedback from commenters - thank you so much for reading and commenting! It lets me know that I’m not just talking to myself, and it’s helped me to learn and get various perspectives.
And, since I’ve already directed you to my net worth chart, let’s talk about it. Since June 2007, here’s how far I’ve come in my progress:
Difference in cash assets: $11,816Difference in stocks: $200
Difference in retirement savings: $2,003
Difference in car equity: $2,181
Difference in assets: $12,229
Difference in credit card debt: ($6,818) - I am now revolving debt-free!
Difference in debt: ($13,713)
Total difference in net worth over the past year: $25,942
Wow! When you look at the numbers you have really done well this year. Imagine how much further you will be come 2009 since you have no credit card debt and are making wise financial decisions. I’m proud of you! Question, does Mr. Ant allow you to teach him about finances?
Thank you! Mister Ant and I are teaching each other. He’s even better than I am on frugality (by working smart, not hard), and I am more knowledgable about credit, so we trade off on teaching each other. We’re both good savers. And if either of us picks up on anything new, we share it with the other. That said - I’m the one with the financial blog, so I am more (in his words) obsessed with finances.
Comment by Serenity23 — June 30, 2008 @ 6:53 am
Congratulations on your progress, it has been quite the journey here: out of cc debt, an emergency fund, a good start on your retirement savings, even venturing into investing! And you even inspired and helped your friend, Sistah Beginner! The blog’s always fun to read, and I look forward to reading more!
Thanks, Revanche!
Comment by Revanche — June 30, 2008 @ 5:06 pm
Congrats, see what focus can do
Thanks!
Comment by Moneymonk — June 30, 2008 @ 5:50 pm