March 2007 Net Worth Snapshot

After last month’s disappointing results, we were able to get things back on track this month.  Our net worth passed the fairly significant mark of $50,000, which we had expected to do  last month.   That puts us 1/20th of the way to a million dollars.

The home equity total increased more that usual because we pay on the bi-weekly schedule and this month included one of those extra payments that went directly to principal.

I have also added a new row to this month’s snapshot.  The “Business Equity” column represents an amount of money that I invested in a small start-up company.  A group of like minded friends and I have been meeting and discussing some entrepreneurial type opportunities and decided to put some money into this start up.  The company founders are great couple of guys, and we as a group were as interested in gaining the experience in valuations, term sheets, etc., involved in investing in a start-up as we were in the potential of the company.  I don’t plan to speculate on the value of the $2,000, so that line should remain the same until something significant happens, like the company is sold or goes bankrupt.

On another note, it looks like I’ll be hosting next week’s Carnival of Personal Finance.  Those of you interested in submitting a post can do so here.

Onward to April…