Here is my net worth update for April.
Total Net Worth: $78,438.06
Total Assets: $83,138.56
- Banking: $16,771.78
- Investments: $66,366.78
Total Liabilities: $4,700.50
- Credit Cards: $4,700.50
My net worth grew 6.8% from March 1st. I attribute this fact to the rebound of the stock market after the Federal Reserves lowered interest rates to stimulate the economy. In addition, I received a bonus for my 2007 performance at work. It was equivalent to a 2 week paycheck, $2100 pre-tax.
One figure that does stand out is my liabilities decreased by 57%, from $10,904 to $4,701. I was carrying a credit card balance on a 0% APR promo, and because the offer was about to expire, I paid it off. I did not want to open another credit card with the same promo because I am maintaining my credit history as I enter the housing buying market.
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