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Monthly Update - December 2007 ($895,398, +$19,549)

Contributed by mm | January 2, 2008 12:51 AM PST

networthicon.jpgRecovering from the mass bleeding in November, we ended 2007 with a positive note by growing our net worth by almost $20,000 in December. Savings from our regular job and business income, and the appreciation in our stock option accounts, both contributed to a successful month.

For the full year, we added over $264k to our nest egg, handily beating our annual goal of $230,000 in net worth improvement. It is also the best showing ever for a full year, compared to $231k increase in 2006 and $205k increase in 2005 (the latter includes a one-time gain of $100k by selling our house for a profit).




- $50k was moved from my US-based brokerage account to my banking account in China for Dollar/Yuan carry trade.

- The balance of our payable account decreased $7,000 since the accrual for the Christmas trip in October's and November's accounting book is moved into credit card liabilities after the trip. (BTW, Maldives is fabulous!)

- Despite employee stock option appreciation, tax liability decreased slightly because of more year-end catch-up tax withholding on my paystub.


- 2007 tax season is on the horizon. I look forward to refreshing my tax knowledge and maximize my tax savings again soon.

- And we need to execute on our 2008 plan!

This Post Has Received 50 Comments. Share Your Opinions Too.

SingleGuyMoney Commented on January 2, 2008

That's an awesome increase! Care to share the wealth...LOL

Artakr4nqp Commented on October 20, 2015

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