Thursday, April 10, 2008

1st Quarter Net Worth Update

I've updated my net worth at NetworthIQ through the first quarter of this year. Overall my cash on hand is up and debts are down compared to the end of December. This is largely due to two large tax refunds (from the IRS and NY State) I used to pay down debt. I paid no taxes due to huge losses in real estate last year but had my withholding higher than normal since I was expecting to make $40K in profits from sale of two flips. My 401K is up $2K as well which I think is OK considering the market was down 9% in the first quarter. Must be due to the interest I am paying myself from the loans I took from my 401K :)

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