Net Worth breakdown along with explanations wherever needed (I got married in Jan 09, after a 2 year long courtship and havent merged my wife's accounts yet)
Cash (emergency fund, easy short term money access)
- ING 1 : 10,000
- FNBO: 3480 (Target 10k by end of 09)
- Credit union savings: 1025.00
- Discretionary savings (ING 2,penny pinching basically): 480
Foreign investments (bank fixed deposits, stocks, mutual funds, I am a non-resident on H1-B visa (labour certification done in the green card application stage), so I send a chunk of money back to my native country where the interest rates are high as well as being part of the BRIC nations the stock market has more potential upside.)*
- Fixed deposits: 2900@9% locked in for 3 years (Target 15k by end of 09)
- Mutual funds : 4000 (at current exchange rates)
- Tradeking : 1812 (Target 5k end of 09)
- Poker (mostly online) : 2935 (Target 6k end of 09)
- HSBC : 698 (target 3k by end of 09)
TOTAL : 36538.00 (rounded to nearest $)
LIABILITIES : 0.00
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Income streams, cash flows:
8-6 take home : 6125.00 pm
Poker (10-25 hrs/week) : 600 pm (averaged)
Expenses : 3640 (notable expenses outlined)
- Family maintainance, India : 400
- Family maintainance, wife (student, my wife is pursuing her PhD in finance, expected 2011, and lives 260 miles from me, she is 70% funded by her school): 600
- Rent : 1000
- Gas : 300-400
- Starbucks, cigarettes (personal indulgence wont be cut unless I get laid off) : 300
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