So, most of the increase can be attributed to starting work as a full-time engineer. In May, my salary increased due to being hired on full-time, which also helped greatly.

In 2007, I can expect between a 6 and 10% bonus from work (depending how my handlers rate my performance relative to the other plebs). This will hit the bank account in February and will technically count towards my 2006 income, but will be reflected on my 2007 NW.

So, for the next year, I would like to set a similar goal of increasing the family net worth by $45,000. I think this is achievable given that both my wife and I should see moderate raises in the new-year, and we hope that with a more directed marketing approach, our rental business will thrive (more tomorrow and on the 28th and 29th).

Lastly, my company’s ESPP kicked in in November netting me a company matching contribution of 3% of my base salary. This should help contributed to even better performance next year (as long as the company stock remains healthy).

Past Performance:
December 2006 (see this post)
November 2006
October 2006
September 2006

So, wish me luck, it should be a fun year… tune in tomorrow for a discussion of my investment performance in 2006 and goals for the New Year.

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This post is part of the writing project over at BiggerPockets.

Tags: goals, finance, net+worth, real+estate, BiggerPockets Goals

It was not an overly interesting month per se. Loans were paid down including $2500 of a $10000 personal loan. It always fees nice to retire debt! I also began investing in my corporate ESPP (Employee Stock Purchase Plan) where my employer matches 50% of up to 6% of my base salary. Since I’m married, but without children, it will not be a problem for me to invest 6% of my income each month. I’m happy, the matching funds work out to almost 2 weeks pay over a year.

Those are the only highlights with the exception of some accounts receivable due to my wife and myself for work-related trips we took in October/November.

Overall, it was a good month with my net worth increasing 4.6%, or $7076 from $153k to $160k.  It would be interesting to work current housing prices into the fold, however, that data isn’t as easily available in Canada as the US.

Check out my NetWorthIQ page for more detailed analyses, or scroll down and look for the graph at the bottom of the sidebar.

Anyway, here’s the graph from NetWorthIQ showing my $3500 increase.

We had a few extraneous transactions last month. One, my wife went to Vancouver for a conference (flight $800, hotel $460), these expenses will be reimbursed, but for now it shows red on our NW. We also took a trip to Niagara-on-the-Lake to visit some wineries and spent about $400 stocking up our wine rack. The wine will probably last 4-6 months, and has already served as gifts for a couple of people.

If all goes well, next-month we’ll see a good increase in NW due to these reimbursments. Also, we had some rental expenses which will hopefully be reduced next month…. there’s a possibility we may need a new roof though….ouch.

On the site, you can also check out a breakdown of Net Worth by demographic, and you can create a copmarison report of how your own NW compares to others.  As the community grows, I think this sit will become more and more interesting to use!

NG

Tags: Net+Worth, Real+Estate