Comments on: March 2007 Net Worth Update (+1.57%)

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Mon, 02 Apr 2007 15:43:17 +0000

Congrats Frugal! Your success can be motivating, keep the drive coming our way!

By: Church of Jacin

Church of Jacin — Sun, 01 Apr 2007 22:38:52 +0000

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By: FrugalTrader

FrugalTrader — Sat, 31 Mar 2007 17:38:08 +0000

Nicolas: My next purchase will be a live in home, we’re looking to upgrade. We’ll most likely sell our current home and use the equity (and cash) for a larger down payment. Stay tuned, I’m going post about this topic sometime soon.

By: Nicolas Roy

Nicolas Roy — Sat, 31 Mar 2007 17:14:08 +0000

Hello FT.

For your next purchase, will you use one of you properties as a collateral or you will rely entirely on cash?

By: FrugalTrader

FrugalTrader — Fri, 30 Mar 2007 18:02:05 +0000

Kevin: I’ve been using Microsoft Money for eons and I am resisting change. :) I will check out Quicken to see if it helps me any.

By: Kevin Beitel

Kevin Beitel — Fri, 30 Mar 2007 17:45:32 +0000

Wow, nice…

Have you ever tried using Intuit’s Quicken XG 2007 to track your Net Worth?

Kevin

By: FrugalTrader

FrugalTrader — Fri, 30 Mar 2007 14:57:26 +0000

David: Yes, I’ve been contemplating using excel or something or other to improve the look of my net worth updates. With regards to my savings, they are currently in a PCF 4.0% interest PLUS account. We’re basically hording cash right now because we’re expecting to purchase a new home this year.

By: David

David — Fri, 30 Mar 2007 14:50:57 +0000

FT:
It would be interesting to see a spreadsheet or graph of the changes in your balance sheet over time.
I’m also curious as to how you’re holding your savings — High interest savings account, money market funds, or other instrumnets?

David

By: FrugalTrader

FrugalTrader — Fri, 30 Mar 2007 13:20:32 +0000

Kevin: The mortgage balance that I have in the liabilities section is the sum of the mortgage balances on BOTH properties.

By: Kevin Beitel

Kevin Beitel — Fri, 30 Mar 2007 13:03:29 +0000

Quick question…

Do you own your two Real Estate properties free & clear? Under your liabilities you list only a mortgage of $175,500 and other liabilities of $8,000… for a total of $183,500. It is excellent that you have $264,000 in real estate assets, but don’t you have mortgages on those properties? The mortgages on those properties are liabilities and should go against your net worth. Regardless, I have to give you credit for your accomplishments.

Just curious…
Kevin

By: Jon Lee

Jon Lee — Fri, 30 Mar 2007 11:58:18 +0000

Wow I think you’re looking very good at just 27~28!