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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.

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FrugalTrader About the author: FrugalTrader is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 4 comments… add one }

  • Jonathan December 31, 2006, 1:06 am

    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

  • FrugalTrader December 31, 2006, 8:00 am

    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

  • Jonathan January 2, 2007, 5:13 am

    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!

  • FrugalTrader January 2, 2007, 10:57 am

    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

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