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:
Cash: $3000 (this fluctuates)
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
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.