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:
Assets
Cash: $3000 (this fluctuates)
Savings: $25000
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
Debts
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.
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
Hi Jonathan!
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?
FT
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!
Hey Jonathan,
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?
FT
[…] 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 […]