Net Worth: December 2006
So I want to keep track of my net worth on a monthly basis but I’m undecided whether I want to post it over the Internet. However, how else are you readers going to know how I’m progressing? I always find it interesting reading other personal finance blogs to see how their net worth is doing, so I’m leaning towards posting mine. Besides, it will be an interesting read a few years down the road.
Anyways, here it goes:
Cash: $3000 (this fluctuates)
Registered Investment Account: $32000
Non-Registered Investment Account: $38000
Real Estate: $ 266500 (2 properties)
Vehicles: $20000 (2 vehicles) (this will decrease in a hurry)
Total Assets: ~$384500
Mortgage Debt: $178000
Car Loan: $8000
Total Debts: 186000
Total Net Worth: ~$198500
I don’t think I’ve ever done a calculation like that to determine my (along with my wife’s) net worth. To be honest, I’m surprised that it’s so high. I’m not a big fan of using cars as a component of net worth as their values decrease so quickly but I will for arguments sake.
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[…] started in late 2006 with a net worth of around $200,000 and it has grown over the years to close to $312,000. Still not quite the $1 million that […]
Thanks for the compliments. I was looking at your site and i’m wondering if Jones Soda one of your biggest investments? If so, why?
I’m very agressive. Currently employing the “All eggs in one basket” strategy which isn’t adviceable unless you have a very good basket. ;) Which at this point I do and expect it to get better during 2007. I will be shaving profits off during the year and going back to fundamental analysis and gut feelings about industries. I dig your site nice work!
Thanks for posting the useful plugin! Your networth is impressive with a high % in stocks! If you don’t mind me asking, what is your investing strategy?
Check out http://www.networthiq.com helps keep track of your NetWorth, easy, free and has a nifty little badge you can add to the side bar or in a posting. Good luck trying for a million myself!
Mine as an example: http://www.networthiq.com/people/realjones