Comments on: Oct 2007 Net Worth Update (+2.34%)

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Thu, 01 Nov 2007 19:08:57 +0000

21.21% year to date is awesome FT, and how can you forget 1k readers?! To bad you aren’t in the US because you could find homes at a dime a dozen or building would be real inexpensive :) Congrats on all the success FT!

By: Pauls

Pauls — Thu, 01 Nov 2007 10:51:44 +0000

FT:
If you had Manulife One right now you’d have no debt as all that cash would be reducing your debts. You would’t be sitting there with a mortgage and savings that you will pay tax on any interest.

We did that the last time we moved, and we were renovating. As we paid contractors the debt piled back up slowly, but in the interm we saved lots of money. Paid for the monthly fee for over 8 years.

By: Jonathan

Jonathan — Thu, 01 Nov 2007 02:21:44 +0000

Just wanted to wish you congratulations on your increase in net worth. It’s great to see someone take ownership over their finances like you have. Thanks for sharing.

By: Telly

Telly — Wed, 31 Oct 2007 17:24:48 +0000

I know what the annual annuity value is when I turn 55, 62, & 65 but I don’t know it’s current lump sum value.

It’s rather small so as I said, I’ve never bothered to include it in my net worth.

By: FourPillars

FourPillars — Wed, 31 Oct 2007 17:05:52 +0000

Telly – the plan administrator should be able to tell you what the value is. I don’t think it’s something you can calculate.

Mike

By: FrugalTrader

FrugalTrader — Wed, 31 Oct 2007 17:05:02 +0000

Hey Telly, my wife (who owns the DB pension), gets an annual statement which indicates the value. So what I do is take the annual statement and simply add on her contributions on a monthly basis.

So if you’re curious, you can contact the HR dept who administered the DB pension and they should be able to provide you with a statement.

By: Telly

Telly — Wed, 31 Oct 2007 16:56:51 +0000

I think you mentioned it before but can you tell me how you calculate the worth of a DB pension (Assuming that is what yours is)?

I have a DB pension that is frozen (they have since moved to a DC plan) but I’ve never added it to my net worth and I’m not entirely sure how to.

By: Canadian Dream

Canadian Dream — Wed, 31 Oct 2007 15:07:05 +0000

FT,

Ah limbo. I know the feeling. I’m changing pay cycles in Nov with our company buyout, so I’m getting hit with triple mortgage payments (moving from bi-monthly to bi-weekly).

Hang in there, it will be over soon (at least we can hope!).

Tim

By: FourPillars

FourPillars — Wed, 31 Oct 2007 14:07:38 +0000

Congrats on the 1000!

Mike

By: moneygardener

moneygardener — Wed, 31 Oct 2007 12:52:30 +0000

interesting to see the changes when a house comes off…good progress..

By: FrugalTrader

FrugalTrader — Wed, 31 Oct 2007 12:12:07 +0000

Hey FB, thanks! 1000 RSS readers was one of my blog goals for the year. Looks like it came a little sooner than expected.

By: The Financial Blogger

The Financial Blogger — Wed, 31 Oct 2007 10:49:51 +0000

Hey FT ! keep it up!
Even Halloween is not stopping you ;-)
congrats on your 1000 + RSS feed as well :-D