Million Dollar Journey

Building Wealth through Saving and Investing

Welcome to Million Dollar Journey! If you're new here, you can learn about me, read our user guide, 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.

On your way out, make sure to check out the exclusive Million Dollar Journey Freebies and Deals.

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.





5 Comments, Comment or Ping

  1. 1. Jonathan

    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

  2. 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

  3. 3. Jonathan

    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!

  4. 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

    Trackbacks

Reply to “Net Worth: December 2006”

Subscribe without commenting



Get the Latest

      

Money Tips Newsletter

Premium Sponsors



Recent Comments

  • Mike: Cold Truth, I agree that if someone isn’t prepared for a dip in property values it can hurt them. I would...
  • MistrustREagents: Watch how much your number dips when the property bubble bursts.
  • Andrew: Hi Karl, with $130,000 income you would do well to start catching up on your unused RRSP contribution room....
  • Derico: I also have been tracking spending as an alternative to budgeting. I have regular transactions which are...
  • Hyacinthe: Looks like NBC is offering 5% cashback for 5 months on purchases made at participating wholesale and...
  • John - Team Questrade: Hi stv, If you’re thinking of coming back to Questrade, we’re here to welcome you with...
  • FrugalTrader: @Carole, technically, you can open an account at 18 (with a SIN), but some provinces require to wait...
  • Stev: Save $3000 / year by doing this….easy! I live in GTA and believe our country needs to focus not on THE...
  • Carole young Gair: Should have mentioned we are in BC
  • Carole young Gair: Can those turning 19 in 2015 open and add to a TFSA in January or must they wait until their...
 css.php