Since its the start of October, its time to review our net worth for September. Last month brought some good and bad news for us DINKS. The good news is that we didn’t loose any money. The bad news is our wealth is flat relative to where it was several months ago. In April of this year, our net worth was around $304,000. Its roughly the same amount now.

By way of a quick analysis, we had gains in Miel’s retirement and the value of our personal residence increased (yes, even in this market). On the other hand, we took some looses due to increased student loans and declines in our stock portfolio. The stock losses being due to my silly daytrading.

As you’ve probably gathered, Miel and I have some disagreement about this situation. Stay tuned for further details.

Check out our September net worth below.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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