Yesterday evening, I took some time to review the growth in our networth over the past 24 months. As you can see from the graph, since May of 05, our wealth has increased from $247,300 to $329,400. This is an approximate boost of 33% in the past two years. While its healthy level of growth, its given us some cause to consider where we would like our networth to go in the next few months.

Right now, our goal is to grow our networth to $340,000 by the end of this year. This should be relatively easy to attain. Over the past two years, our networth has accrued by $3,415 per month. Since we only have about $11,000 more to achieve this year, we should reach our 2007 goal by the early fall.

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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