Instead of monthly reports, I will be releasing quarterly reports on my net worth. While I do track my finances on a regular basis, if not daily, I find it is easier to look at the bigger picture instead of focusing how I did month to month. Taking this approach certainly helps.

Summary

As you can see, my net worth fell by 9% in the month of June. This was a result of two factors, the first is a down payment on a car lease, and the second is being the fall of the stock market. While it was a significant decrease, the strong performance of April along with a steady performance in May contributed to the target growth rate which was set at 30%.

For the year to date, as you can see in comparison with the review of my net worth in the 1st quarter of 2008, my net worth’s trailing average so far this year has increased by $1,500 which is fairly decent and the trend should continue without any hitch. It is interesting to see how the net worth increase over the previous month risen ever so slightly from .13% to .60% despite the June loss.

This goes to show us that even during down market and major expenses, as long as you maintain a steady course with your personal finances, your efforts to grow your net worth will pay off. If the market recovers in a few years from now, I am sure there will be a huge increase in these numbers which would be a kick in the pants. In the meantime, these figures are no reason for me to feel discouraged.

In fact, it has encouraged me to keep going. There are a lot of lessons to be learned about managing my personal finance growth but slowly the numbers are rising which means I am heading in the right direction. All I have to do is figure out how to accelerate my growth from this point onwards. Two of the obvious lessons I have learned this year is to increase my assets that are not tied into the stock market as well as increase my passive income streams.