Net Worth Week 47 – Grind it Out Edition

Gentle Readers,
I’ve been doing a great job this week of getting lots of things done and getting overtime in to tackle this debt. I was really worried that her absence would make me despondent, but I still feel wrapped in her love from hundreds of miles away. I’ll use this time to focus on being even better at tackling debt and growing my business. When I’m with her, I can then just focus on exploring her new city with her and enjoying being near her without worrying about costs. (remind me of this when despondency rears its head)
I made it to the tailor who is fixing a suit for me. She estimates that it will be ready this weekend and I’m very excited to finally wear it. I scheduled my oral surgery; it still does not feel like the best time financially, but I would like to have a happier mouth and less pain.
I’m going to draft my taxes tomorrow so that I can talk to my accountant friend for a paid-review of the Schedule C I’ll prepare. I also need to prepare to pay my quarterly taxes for the first time since I paid myself from profits in December. I know that I have the money on hand because I have kept all profits I’ve paid myself in a sub-account. I don’t know what I’ll do with that money once I know what it is like paying self-employment taxes. Right now that money has the job of teaching me how much I’ll bring home depending on the number of clients I have. It’s a good lesson.
My skill-building classes return again next week. I’m really excited. I love the class and the teacher, and it is free. I intended to finish a book on the subject during the 2.5 months we did not have class, but I did not make the time with how much happened in my world.
We also can’t seem to keep a fourth contractor on this project. The most recent hire did not make it a month. No one has explained his absence to us; he’s just not there. It’s a very strange work environment. I hope he found a permanent job somewhere. He was nice and diligent.
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This week’s net worth numbers

2/24/2017 3/3/2017
 Joy 1104 1105
 Travel 324 324
 Down Payment 19 19
 Retirement 21 21
 Health 45 45
 Moving 284 284
 EF 810 811
Business 751 1002
Bed  0.19 0.19
 Life  1622  2640
 IRA 12163  12234
 Brokerage 693  698
 CC (largest) -4215  -4260
 CC (longest) 0  -191
 Rewards Card -1909 -2322
SL 1 -104085 -104201
 SL 2 -45844 -45896
 Earnest -6133 -6145
 Net Worth -144323 -143831
 Percentage Change -.13% .34%


What do you like to have on hand for post-surgery self-care?

 

  

Net Worth Week 38 – The Year End Edition

I once again travel today, but this time to New England to begin the year with some of my favorite people. I love starting the year with them, but have not done it for a few years. Extra bonus, my girlfriend loves every time I visit this region because I come home so happy. Everybody wins.

My business had a major milestone. I paid myself out of the profits for the first time. It is a small amount, and does not begin to repay me the loan of my money and time over these years, but it is an incredible start. I’m quite happy to start small, because this gives me a chance to feel what paying self-employment taxes are like on a limited-scale. If I mess up, the error should be smaller, right? My current plan is to pay myself from the profits, but not spend the money. Just have it set aside into my “business” account. Once I get the hang of paying quarterly taxes, I can save it/invest it/use it like regular money.

Thirty-eight weeks of tracking my net worth and I’m doing slightly better than I was when I began. I had hoped to be in a much better position at the end of the year, but I had not anticipated the thousands of dollars in medical bills. I still know that I am doing better, but it is important to remember that life can come at you sideways.

12/16/16 12/23/16 12/30/16
Joy 1102 1102 1102
Travel 324 324 324
Down Payment 19 19 19
Retirement 21 21 21
Health 45 45 45
Moving 284 284 284
EF 309 309 309
Business 1 1 501
Bed 0.29 0.29 0.29
Life 636 1912  1889
IRA 10883 10718  10879
Brokerage 661 661  658
CC (largest) -4341 -4256  -4251
CC (longest) 0 0 0
Rewards Card -510 -1274  -1534
SL 1 -103449 -103565  -103680
SL 2 -45553 -45606  -45659
Earnest -6927 -6942  -6956
Net Worth -146494 -146246  -146049
Percentage Change .26% .16% .13%

Are you ready for a New Year?