Tuesday, December 4, 2007

November Net Worth

Nothing outstanding this month, just the usual routine of saving. My net worth rose by 6%, and it’s now $3,737. I haven’t gotten financial aid this month, so I hope to get two-months’ worth in December, and put it away.

Cash makes over one-third of my assets already. Wow. Am I getting a little conservative? The thing is I’m working on saving about $1,600 to be able to open a checking-savings account with a minimum balance of $1,300. Concentrating on this, I started ignoring investments totally. Now, I have to remind myself, that this savings account can surely wait, and I’d better put more money in my index fund. After all, one-third of cash certainly is not my ideal allocation.


hessie48 said...

Thank you for your blog. It is truly exciting to read your comments. Your description of your venture into the world of finance and savings is also a look at the emergence of your country as a viable player in the world's economic picture. I wish you much success, not only with your investments, but also in life.

PiggyBankBlues said...

one third cash may or may not be too much- it depends on what you're saving for. if it's really just to open a checking account, that's one thing. but as a student just starting out, an "emergency fund" isn't such a bad goal to have.

just some irrelevant thoughts in brooklyn :)

Tim said...

call me crazy, but why on the earth are you looking to open a checking-savings account with a $1300 minimum balance with only $3737 in savings? That effectively locks over 1/3 of your savings, and in order to access it in an emergency or otherwise, you would be taking at a minimum a monthly maintenance fee penalty. There are plenty of free checking and savings accounts out there with low to no minimum balance requirement and/or maint fees waved with direct deposit.

E.C. said...

What are your plans for after graduation? Are you certain of being able to find a job or enter graduate school immediately? If not, having enough cash to cover at least a couple of months worth of living expenses is reasonable, even if that does end up being a fairly large percentage of your total assets at this point in your life. That's the strategy I'm following, anyway.

Anonymous said...

hi olga

Hope you're ok:)

E.C. said...

Have you given up the blog?

LisaClark said...

Belated Happy New Year!
Hope you are ok Olga, as you haven't posted in quite a time.

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Steve Finnell said...

Does God teach that men are saved by faith alone? Does being saved by faith mean that men do not have to obey God's requirements for salvation? No, it does not. There is no Scripture that states that under the new covenant men will be saved by "faith alone". God requires obedience to His requirements for salvation.

1. Faith: John 3:16, Galatians 3:26-27, John 8:24, Mark 16:16
2. Repentance: Acts 2:38, Acts 3:19, Luke 24:47
3. Confession: Romans 10:9, Acts 8:35-38
4. Immersion in water: Mark 16:16, Acts 2:38, Acts 22:16, Ephesians 5:25-27, 1 Peter 3:21, Colossians 2:12-13, Galatians 3:26-27, Romans 3:3-7

Faith is in effect only after obedience.
1. Naaman's leprosy was cured only after obedience. (2 Kings 5:1-13). Naaman's leprosy was not cured by "faith only".

2. The passover happened only after obedience. (Exodus 12:1-13). The first born were not saved from death by "faith only".

3. The people of Israel were not saved from death by serpents by "faith only". They needed to obey God's command. (Numbers 21:6-9).

4. Noah and his family were not saved by "faith only". They were saved after Noah obeyed God and built the ark.(Genesis 6:7-22, 1 Peter 3:20)

There is not one verse of Scripture where God say believers in Jesus will be saved by "faith only". There is not one verse that says water baptism is not essential in order to be saved.

It takes a master of deceit to convince men that immersion in water [that being baptism] is not a requirement for salvation.

God requires obedience to His terms for pardon.

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