Net Worth: February 2012

by Ninja on February 8, 2012 · 24 comments

Dang, can’t believe it’s time to update my Net Worth again.  My apologies to the three of you who actually find these updates interesting and have been waiting for it. Let’s get right to business.

A$$ets:

Checking Account: $4,487; (change not shown since money is constantly in and out of this account). For the first time EVER, my landlord finally deposited our rent check within a week of receiving it. Usually it takes him at least 30, sometimes 45 days to get around to it. Life is much less stressful when your accounts accurately reflect what you have.

Savings Accounts: $62,690; +$2,401. Saw my first paycheck that included the mandatory overtime I have to work while I am in Korea (two more weeks) Working longer days sucks. Making more money doesn’t. I’d probably shoot myself in the elbow though if I was working 50+hour weeks every week. I respect you workaholics.

Roth IRA: $27,913; +$2,159. Finally making some headway in the retirement accounts. I wouldn’t be upset if this trend decided to continue on for a few more months. It’s crazy to think that within a 30 day time frame I can literally make $2,000 without lifting a finger. Of course, I can also lose that much in just as quick.

TSP (401K): $30,398; +$3,157. Upping my 401K contributions from 5% to 8% couldn’t have come at a better time. Just caught the recent uptick. $1,000 of this growth was put there by myself and my employer. The other $2,157 was Wall Street. I invest like a boss :)

Liabilities :(

Credit Card: $1,562 (change not reflected since balance is paid off each month). I can’t even remember the last time our credit card balance was under $2,000 for a month. It’s like a huge weight as been lifted from our shoulders. Never thought I’d say this, but for the first time I’m actually looking forward to paying this bill. 

How’s that one song go again? You know the one about moving? Oh, that’s right. MOVING ON UP (moving on up). Adding up all those beautiful increases above gives us a total net worth of  $123,927.  That’s up $9,303 from last month, which in case you couldn’t tell, makes me a VERY HAPPY CAMPER! Life is good right now, let’s see how long it can last :)

Did the market give your NW a healthy bump last month?

You can see all of my net worth updates here.

{ 24 comments }

Alternative Currency.

by Ninja on February 7, 2012 · 37 comments

Let’s have a little fun today shall we? Have you ever thought about money? I’m not talking about things like saving, paying doubt debt, investing, etc. No, I’m talking about tangible money. I personally am fascinated by it.

Think about it.  A $100 bill is worth ten times more than a $10 bill. Why? Simply because someone decided to print the number 100 on one piece of paper, and number 10 on the other. Money has virtually no intrinsic value. It’s only purpose is to serve as a medium for the exchanging of goods. (side note: did you know a penny costs 1.67 cents to make? how crazy is that!)

In fact money is so worthless that it’s quickly becoming an endangered species. If you’re like me then you get paid via direct deposit. Every two weeks my bank account increases as my employer transfers invisible cash in to my bank account. I can then head to Target and buy a plunger (you know for plunging things) with my debit card. Nowhere in that process did I see a single dollar. It’s this crazy magical accounting system that just kind of is.

So since we can all agree money is pretty much worthless, I figured we could get a little creative today and create some hypothetical currencies. I personally like the burrito factor. If you aren’t familiar with it, here’s a little rundown from a previous post

I can get a California burrito for $5 at the local taco stand. Not only is that sucker scrumtrulescent, but it also fills me up. Now, whenever I go out to eat and look at the menu, I run the burrito factor through my mental calculator. It looks a little something like this… “Okay, this salad is gonna cost me $12.50, which is the same price as 2.5 California burritos. Plus the salad is probably only going to fill me up 50%. So that means this salad is gonna cost the equivalent of 5 California burritos to get full. Death to salad!

So reader, what’s your currency?

image credit

{ 37 comments }

How did we survive?

by Ninja on February 6, 2012 · 42 comments

Was at a group meeting a few months back and an older gentleman shared an email he received from a friend. The email read….

How Did We Make It this Far?

Looking back, it’s hard to believe that we have lived as long as we have…

As children, we would ride in cars with no seat belts or air bags. Riding in the back of a pickup truck on a warm day was always a special treat.

Our baby cribs were covered with bright colored lead-based paint.

We had no childproof lids on medicine bottles, doors, or cabinets, and when we rode our bikes, we had no helmets. (Not to mention hitchhiking to town as a young kid!)

We drank water from the garden hose and not from a bottle.

We would spend hours building our go-carts out of scraps and then rode down the hill, only to find out we forgot the brakes. After running into
the bushes a few times we learned to solve the problem.

We would leave home in the morning and play all day, as long as we were back when the streetlights came on. No one was able to reach us all day. No cell phones. Unthinkable.

We played dodgeball and sometimes the ball would really hurt. We got cut and broke bones and broke teeth and there were no law suits from these
accidents. They were accidents. No one was to blame but us. Remember accidents?

We had fights and punched each other and got black and blue and learned to get over it.

We ate cupcakes, bread and butter, and drank sugar soda but we were never overweight … we were always outside playing.

We shared one grape soda with four friends, from one bottle and no one died from this.

We did not have Playstations, Nintendo 64, X Boxes, video games at all, 99 channels on cable, video tape movies, surround sound, personal cellular phones, Personal Computers, internet chat rooms. Instead we had friends.

We rode bikes or walked to a friend’s home and knocked on the door, or rung the bell or just walked in and talked to them.

We made up games with sticks and tennis balls and ate worms and although we were told it would happen, we did not put out very many eyes, nor did
the worms live inside us forever.

We ate penny candy, swallowed bubblegum, and our intestines did not stick together because of it.

Little League had tryouts and not everyone made the team. Those who didn’t had to learn to deal with disappointment.

Some students weren’t as smart as others so they failed a grade and were held back to repeat the same grade. Tests were not adjusted
for any reason.

Our actions were our own. Consequences were expected. No one to hide behind. The idea of a parent bailing us out if we broke a law was unheard of. They actually sided with the law!

This generation has produced some of the best risk-takers and problem solvers and inventors, ever. The past 50 years has been an explosion of innovation and new ideas. We had freedom, failure, success and responsibility, and we learned how to deal with it all.

Obviously as a twenty something I can’t relate to everything in this letter, but that doesn’t mean there weren’t certain things that stood out to me (I bolded the things I liked).

I mean think about cell phones. Twenty years ago no one had cell phones and people managed to get by just fine. Now, if I reach down to grab my phone and it’s not in front of me, I have a mild panic attack. Funny how priorities change. (p.s. who doesn’t love going on vacation somewhere you know you’re phone wont get service? It’s so liberating!)

What were some of the things in the letter that rubbed ya the wrong way? What were some that resonated with you?

Any other 20-somethings out there willing to admit we are probably the laziest generation to have ever existed? Would love to hear from the 40+ crowd today and get your insights on how you’ve seen things change over the years!

p.s. if Facebook is the biggest “accomplishment” of our generation I’m going to cry.

 

 

{ 42 comments }

My bad

by Ninja on February 3, 2012 · 17 comments

So I totally spaced on the fact that just because it is Saturday for me doesn’t mean it’s Saturday for you. Totally forgot to write a blog post ’cause I thought it was the weekend.

My bad.

p.s. I’m flirting with the idea of stepping my stick figure drawings up a level by bringing them some color and maybe a little more “personality” like the one above. Might even try implementing multiple cartoons in to my posts for a little visual aid to go along with whatever I’m talking about. Thoughts?

{ 17 comments }

Switching roles

by Ninja on February 2, 2012 · 22 comments

I stared at my computer for a good 45 minutes last night trying to think about something worth writing about. For the first time in my life, I have nothing to say. That’s why we are switching roles today. Instead of me entertaining – or at least attempting to entertain – you for two or three minutes today, it’s your turn to entertain me.

Feel free to share an interesting blog post, a funny picture, a hilarious video, or just some random fact of life that you think I (we) should be aware of.

Ah frick, who am I kidding, I can’t just leave you empty-handed. Don’t say I never did anything for ya…

 

Click the poop!!!

p.s. For those of you that will be linking to your own blog posts –or other links around the interwebs– be aware that my blog will flag your comment as spam if there are more than two links in it.

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