March 2012 Net Worth Update (+$22,032)




Highlights for March

  • We like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities.
  • We are close to earning ~$1,000 on 2 new Chase Ink credit cards (one for my wife and 1 for myself) after we spend each spend $3,000 in 3 months. We are using Amazon Payments to maximize our credit card spend to qualify for these offers.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. I believe real estate is too illiquid to list based on recent sale transactions. For those interested our March Zillow property estimates are: $198,800; $122,80; $278,800; and $224,500
  • After layoffs were announced at my employer I continued to feel compelled to build cash and we had good growth in March due to primarily lower than average expenses and my annual bonus.
  • March was another month of good growth driven primarily by stock market gains and my annual bonus. I'll post additional details of our investment activities in March later this month.

Related in Net Worth Archive:

May 2012 Net Worth Update (-$28,098) (Jun 10, 2012) Highlights for MayWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. Our properties are listed on our...

April 2012 Net Worth Update (+$2,763) (May 09, 2012) Highlights for AprilWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. We received $1,000+ in rewards cash...

February 2012 Net Worth Update (+$23,526) (Mar 08, 2012) AssetsJan-12Feb-12Change%Cash & Savings $ 27,618.74 $ 29,545.33 $ 1,926.59 6.98%Taxable Brokerage Accts $ 164,890.42 $ 170,312.04 $ 5,421.62 3.29%Roth IRAs $ 86,835.15 $ 90,658.28 $ 3,823.13 4.40%Pre-tax Retirement Accts $ 287,564.04 $ 299,168.34 $ 11,604.30 4.04%Stock Options $ - $...

Comments (1)


Taking advantage of 0% APR balance transfers seemed like a good idea a while back. But with money market and CD rates as low as they are now, it seems that the benefits are much less than in the past. Personally, I haven't done this in several years because to me the time and hassle outweighs the gains to me. Could you comment on your recent success with this?

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About 2millionblog.com

A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,574,185

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