May Net Worth Update

I have updated our May numbers on Net worth IQ - see the side bar.

I have not received all the interest amounts for May, but they will be minimal and can be reflected in June.

I was happy to see an increase of any kind - especially after last month. It isn't much .34% = $2257.70 in growth.

There were just so many things going on in May -

• We sold the suburban
• We sold son's car
• Son purchased truck
• Prosper sent me a default notice on one of my loans (one more reason to not put money here)
• Need I say vehicle repairs?

You will see that our cash went from $2800 last month to $20k this month. All because of the vehicle sales and paying back the construction company the money we floated over to save us interest. With out the float it would be more like $9k to $20k. These dollars would also account for the Mortgage debt increase. Well, that and all the vehicle transactions taking place.

I do not expect to see an improvement in our numbers until after September. We will go deep and then dig ourselves out. At least that is historically the pattern.

The biggest pinch is coming from that residential rental I have sitting empty. Without a tenant, I am floating the bill. Ouch, Ouch and Ouch again. Others have told me to turn it Section 8, I'm just not sure. Seems like all applicants are looking for Sect. 8. That is a poor message to the world at large.