February ← 2013 ← Net Worth $nowball

2013 Financial Goals 7

Feb

27

2013

I know, I know, I’m a little late to the financial blogger New Year’s Resolution party. But, it’s very valuable to set goals and track progress. So here are my top financial goals for 2013: Save 80% of Net Income I don’t plan on cutting my spending much below my levels from 2012 so I ...

Car Buying Principles to Save Truckloads of Dough 5

Feb

19

2013

Transportation is generally one of the larger expenses anyone faces. However, it can be managed to lessen the impact on one’s spending and improve finances. As discussed in my recent article about purchasing a used car and the analysis behind my decision http://www.networthsnowball.com/2013/02/16/un-pimp-my-ride/ , I wanted to highlight a few takeaway principles that should be employed ...

Un-Pimp My Ride 6

Feb

16

2013

Let me introduce everyone to my new ride, a 2013 Dodge Challenger SRT Hemi, “A BRAND NEW CAR “(preferable repeated in the Price Is Right style a la Rod Roddy, RIP Alas, this isn’t my new car, although it probably would be if I wasn’t a finance geek. My new “whip” looks something more ...

Income vs. Expenses Showdown- 2012 Against 2011 2

Feb

15

2013

Okay, it’s time for the tale of the tape. To hold myself accountable and chart my frugality and savings progress I track my income and expenses monthly and have done so since the beginning of 2011. I do this with the assistance of Mint, which is a wonderful free resource able to consolidate accounts and ...

About Me 5

Feb

13

2013

ABOUT ME I’m a guy in my mid-twenties. Ever since I can recall, I have been fascinated with money. Not for the purpose of buying things, but rather I have been focused on accumulating assets. I’m focused on becoming financially independent within the next 5-10 years so that I can do what I want, ...

Snowball Effect- The Wonder of Compound Interest

Feb

11

2013

Compound interest is such an impressive phenomenon that Albert Einstein is believed to have named it the eighth wonder of the world. I recall an occasion that really cemented the power of compound interest while I was a kid. My dad posed a riddle when I was 8 years old giving me two hypothetical offers: ...

Why Net Worth?

Feb

11

2013

Net worth is the most powerful indicator of wealth and the most important item for one to track to reach a true assessment of their financial condition. Net worth is the sum of all assets including stocks, bonds, retirement investment accounts, savings accounts, checking accounts, CD’s, cash, real estate, and vehicle value minus all liabilities ...