Ryan McFarland

In August my net worth was just over $50,000.  It has dipped to just under $48,000.  Two major reasons for this drop.  First, the Zoom Bikes business checking account is included in my net worth.  We’ve currently beefed up inventory significantly because we have nearly exhausted all of the original bikes that we purchased.  Many of the accessories are outdated also.  There will probably continue to be low returns on that investment until spring.  Second, we paid for some expensive tickets to Vietnam.

We’re still hitting the principle on the house hard.  We are supposed to pay just $215.35 toward the principle this month.  We will actually be making $1,494.97 in headway toward that debt this month instead.  (Plus the more than $1,000 in interest for this month of course.)

My credit score actually took a bit of a hit also.  Once again, i think there are two reasons for this.  First, many new accounts and inquiries for the bike shop over the past few months.  Second, i was late on a few credit card payments.  Gasp!  That’s why i have been doing these posts - to make me feel like i have my act together.  Sometimes time just flies by too fast though and during my preparation and enjoyment of the two week trip paying bills was far from my mind.  To prevent this problem during our Vietnam trip i have already scheduled some credit card payments to take place.  Now i just need to take care of the rest…