Million Dollar Journey

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max

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

  • 5inatrailer: Merci Monsieur Frugal!
  • FrugalTrader: @Amit, technically, you could withdraw your gains to pay down the debt and reborrow again. But I...
  • FrugalTrader: Alan, electrical providers would fall under the category “utilities”. There are a couple of...
  • Alan W.: This is a very good list for an energy Neo-phyte such as myself. Would “Energy” funds also look...
  • Amit: MDJ, a ton of thanks for making it simple for us. I had a question. In the SM investment portfolio, if I...
  • DanielC: Thank you for the post FrugalTrader. I have purchased XEG and it has gone down nearly 20% in the last 2...
  • Le Barbu: I would not set DRIP because it’s more difficult to calculate buying cost afterward. You better...
  • Emilio: boy o’ boy. I spent 50 dollars a month on just one toddler’s organic milk… For a family of...
  • SST: It’s a shame that Clark’s accessible, utilitarian, and information dense articles such as this do...
  • Andrew: Those are really impressive home-economic results. Reading this post has made us revisit our ouwn grocery...
 css.php