Welcome to Million Dollar Journey! If you're new here, you can learn about me and even follow my net worth updates. A great place to start reading is with the popular articles located in the right side bar. If you would like to join thousands of others and keep up with the free daily updates, you can subscribe to the RSS feed via reader or E-mail.
March 2007 Net Worth Update (+1.57%)
It’s time again for a monthly net worth update - The March 2007 edition. Not many changes this month, just a slight increase in net worth due to savings.
The market drop during the end of February reduced my portfolio by about 3%, but it has since regained most of it’s losses.
Assets
Cash: $4,500
Savings: $27,960
Registered Investment Accounts: $41,645
Pension: $16,600
Non-Registered Investment Account: $45,900
Real Estate: $ 264,500 (2 properties)
Vehicles: $17,525 (2 vehicles)
Total Assets: ~$418,630
Liabilities
Mortgage Debt (from 2 properties): $175,500
Other Liabilities: $8,000
Total Liabilities: $183,800
Total Net Worth: ~$235,130
Last month, I reported a net worth of $231,500, so this months $235,130 represents an increase of 1.57% month over month and 4.97% year to date.
That’s all for now folks, happy investing and have a great weekend!
11 Comments, Comment or Ping
1. Jon Lee
Wow I think you’re looking very good at just 27~28!
Mar 30th, 2007 @ 9:28 am
2. Kevin Beitel
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
Mar 30th, 2007 @ 10:33 am
3. FrugalTrader
Kevin: The mortgage balance that I have in the liabilities section is the sum of the mortgage balances on BOTH properties.
Mar 30th, 2007 @ 10:50 am
4. David
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
Mar 30th, 2007 @ 12:20 pm
5. FrugalTrader
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.
Mar 30th, 2007 @ 12:27 pm
6. Kevin Beitel
Wow, nice…
Have you ever tried using Intuit’s Quicken XG 2007 to track your Net Worth?
Kevin
Mar 30th, 2007 @ 3:15 pm
7. FrugalTrader
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.
Mar 30th, 2007 @ 3:32 pm
8. Nicolas Roy
Hello FT.
For your next purchase, will you use one of you properties as a collateral or you will rely entirely on cash?
Mar 31st, 2007 @ 2:44 pm
9. FrugalTrader
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.
FT
Mar 31st, 2007 @ 3:08 pm
10. Church of Jacin
Hello! I’m sure you are familiar with John Chow and Alex Shalman’s free link-back schemes. I’ve combined their ideas into one that will boost your blog ranking as well as give you a chance at winning $50. Go to my blog, churchofjacin.com, and read all about it!
Apr 1st, 2007 @ 8:08 pm
11. Blain Reinkensmeyer
Congrats Frugal! Your success can be motivating, keep the drive coming our way!
Apr 2nd, 2007 @ 1:13 pm
Trackbacks
Reply to “March 2007 Net Worth Update (+1.57%)”