Time for the final installment of net worth updates for the year 2007.  December was a volatile month for the markets, but better than November.

A few readers commented in my November net worth post that insurance shouldn't be counted as a liability.  Yes, technically, I can cancel my insurance anytime so it's not a real liability.  However, it's a fairly large annual expense for the foreseeable future, so I would rather take bit by bit monthly than take a big hit once a year.  The alternative would be to take it out of my liabilities and manually reduce my savings amount.

Here are the final numbers for the year:

Assets: $ 383,600.00 (+1.72%)

  • Cash: $4,500 (+0.00%)
  • Savings: $118,000 (+4.89%)
  • Registered Investment: $48,300 (+1.26%)
  • Pension: $21,500 (+1.90%)
  • Non-Registered Investment Account: $45,200 (+0.44%)
  • Real Estate: $ 124,500 (investment property) (0.00%)
  • New Home Deposit: $5,000 (+0.00%)
  • Vehicles: $16,600 (2 vehicles) (-1.19%)

Liabilities: $ 104,300(+0.10%)

  • Mortgage Debt(investment property): $94,500 (-0.21%)
  • Insurance: $1,800 (+20.00%)
  • Other Liabilities: $8,000 (-0.00%)

Total Net Worth: ~$ $279,300 (+2.35%)

Started 2007 with Net Worth: $224,000

Year to Date Gain/Loss: +24.69%

Overall, 2007 was fairly successful with approximately 25% increase (without real estate appreciation) in net worth which was one of my unannounced annual goals.

Question for you, do you enjoy the net worth updates?  I've been contemplating simply doing my net worth updates based on percentage change only and taking out the actual numbers.  What do you guys think?  Would it still be as interesting? 

Stay tuned for my financial goals for 2008.

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FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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16 years ago

The breakdown gives it meaning. It shows us how you deal with setbacks or life situations in general. A number o it’s own would be of limited interest to me.

Quick Lunar Cop
16 years ago

Maybe it’s a bit “voyeuristic”, but I like to see the the dollar figures in addition to the percentages. Somehow, a percentage without a dollar figure doesn’t seem as real to me.

16 years ago

FT, I like the dollars and percents. It is inspiring as mentioned above.

Even though the insurance is a prepaid expense can it not only become a true asset if the insurance is paid out. I see the insurance payment as just a bill like any other. I wouldn’t list my phone bill because it is not an investment or a debt. This bill is just cash flowing through your hands. Here today and gone tomorrow.

16 years ago

I love the numbers – please don’t remove them!

Millionaire Money Habits
16 years ago

I like the numbers as well. It is interesting to see what investment vehicles you use and how you allocate between them.

I enjoy the posts.

Gary Lauria
16 years ago

Keep the numbers. It makes it interesting to see the actual changes in growth.
Happy New Year

Q Cash
16 years ago

In actual fact, your insurance is a prepaid expense and is an asset that declines each month.


I actually like seeing numbers, FT, but it is totally up to you and what you feel comfortable with sharing.

Have a super Happy New Year


16 years ago

Agree with everyone else on here. Keep all the numbers. I like seeing them. Your Net Worth Update is inspiring for those of us that keep track and update our own Net Worths. I’ll try to do so with some more regularity on my blog.

All the best! Happy new year FT!


David Cox
16 years ago

Keep the numbers.

While just as much info would be conveyed by simple percentages, many want to view your progress over time. Also, for people like me starting out, I’ve found it interesting to look back at your networth postings in the past…it helps to show that if you keep your nost to the grindstone, you can get some serious bank and serious progress.

Million Dollar Journey, not Percentage Networth Increase Journey :)