Comments on: August 2007 Net Worth Update (+0.11%)

By: Tom

Tom — Fri, 31 Aug 2007 21:07:11 +0000

As long as you’re not going downhill, you’re good! ;)

Great numbers, keep up the good work.

By: Canadian Dream

Canadian Dream — Fri, 31 Aug 2007 16:46:02 +0000

FT,

Thanks. I’m still behind you, but I’m working on it. *grin*

Tim

By: FrugalTrader

FrugalTrader — Thu, 30 Aug 2007 18:56:07 +0000

Tim, i’m very impressed with your NW statement this month, congrats!

By: Canadian Dream

Canadian Dream — Thu, 30 Aug 2007 18:38:50 +0000

FT,

Your still in the positive, so that is all that counts.

I was amazed that I’m actually ahead in my last net worth update. I was expecting a nearly flat increase like yours.

Tim

By: FrugalTrader

FrugalTrader — Thu, 30 Aug 2007 18:36:35 +0000

Hey guys!

Warren, the $8000 liability represents a personal responsibility that we have.

With regards to real estate, I value my principle residence and rental by slightly under market value – realtor fees. The value of the homes are determined by an agent. The values have probably gone up, but I like to get a yearly appraisal done.

By: Warren

Warren — Thu, 30 Aug 2007 16:01:46 +0000

Congrats on keeping things even this month. I have 2 questions that I couldn’t find answers to looking through some of your older updates:

1) What does the $8000 liability represent? Is this savings for annual expenses that come up?

2) How do you value your real estate? I’ve seen many theories on this, especially important in these fluctuating times.

By: Telly

Telly — Thu, 30 Aug 2007 14:26:54 +0000

You may have only squeaked out a positive update but those numbers are still very impressive. Keep up the good work!