Comments on: Net Worth Update: $430,950.10 (Up $62,000!!)

By: Ryan @ Digital Photography Hobbyist

Ryan @ Digital Photography Hobbyist — Thu, 05 Dec 2013 06:34:41 +0000

Very nice! It’s fun when the net worth chart starts to look a bit more vertical. Mine’s doing the same mostly due to stocks. Do you think the market will keep going up for a bit, or do you think it’s going to peak soon?

By: Daisy

Daisy — Thu, 07 Nov 2013 01:38:56 +0000

Wow, good job in your increase – that’s an absolutely huge amount! And even though the $50K is a one off, it’s still great progress.

By: J. Money

J. Money — Thu, 07 Nov 2013 01:04:44 +0000

In reply to Taxy Lady.

It does account for it because I don’t have to pay any more taxes based on my business income this year compared to last (I’m down about 50%). So since I’ve been paying every quarter as if all was the same as last year (aka double what I should have been!), I’ve already in effect paid taxes on this money ;) So it is included, but not – if that makes sense? Not sure what type of income it goes down as (I’d guess capital gains?) but I do know I’m done paying taxes for the rest of the year. Which is the only good thing about losing business income, haha…

By: Taxy Lady

Taxy Lady — Thu, 07 Nov 2013 00:56:34 +0000

Question for ya: Does the $50,000 gain account for the taxes that you will have to pay for having sold your business assets? (And does your accountant think these will be business assets, so ordinary income, or actually capital gains?) I’m always curious to know how people account for such things.

By: J. Money

J. Money — Wed, 06 Nov 2013 15:39:47 +0000

In reply to Micro. Agreed.

By: J. Money

J. Money — Wed, 06 Nov 2013 15:38:50 +0000

In reply to Mr. Big Day Coming.

SWEET!! So glad you put it out there too – a lot of people don’t for whatever reason, and it always fascinates the pants off me to see ;) Going over now to check! And I still have a ways to go to get you! Haha…

By: Mr. Big Day Coming

Mr. Big Day Coming — Wed, 06 Nov 2013 09:09:54 +0000

In reply to J. Money.

It is… $551,703.83. You can check the details on my latest update: http://bigdaycoming.com/net-worth-october-2013-progress/

By: charles@gettingarichlife

charles@gettingarichlife — Wed, 06 Nov 2013 05:12:17 +0000

Congrats J. Looking forward to the day when you can say “one million dollars”.

By: Micro

Micro — Wed, 06 Nov 2013 02:40:02 +0000

Congrats on the progress. I know I was shocked once I started keeping track of everything in Mint. It has really helped me keep my spending in line because I can see it creeping up all month long and can really nip excess spending in the butt. Nothing like seeing the hard numbers each and every day to help keep me in check.

By: J. Money

J. Money — Tue, 05 Nov 2013 20:14:55 +0000

Thanks guys, appreciate the love :) Though I *swear* that’s not why I post these up every month, haha…