As I have been gathering my paperwork for my 2017 taxes, I decided it was time to update my Net Worth Spreadsheet. Every few months, I like to sit down and list all of my assets and liabilities and see how my numbers are doing. I typically do this every three months, but I've fallen off track recently, but decided to start the year strong with an update. It's been six months since I last updated my net worth, so I was really hoping for some … [Read more...]
Growing My Net Worth
My recent post about celebrity net worth reminded me that it’s time to update my own net worth spreadsheet to see how my net worth is growing. As I have discussed before, I track my net worth every three months and take a look at how I’m doing towards meeting my goals. What goes into my net worth? I use my major assets and liabilities. For assets, I start with my financial accounts. I look at bank accounts, investments, and … [Read more...]
My Net Worth Increased 10% in 4 Months!
I increased my Net Worth by 10% in under four months! Want to know how? Read on!Net worth is your total financial worth. You take all the assets you have - cash accounts, investments, property, personal property - and figure out the value. Then calculate what you owe to others - mortgage, car loans, student loans. Subtract what you have from what you owe, and there you have your net worth.It seems simple, but everyone is going to … [Read more...]
Net Worth Update – Down 1.9%
Every quarter or so, I update my net worth. If you check out the Net Worth Category, you can see a number of years worth of these updates.What is net worth? Simply put, it's your assets minus your liabilities. For simplicity's sake, I consider my assets to be all my financial accounts (bank accounts, investment accounts) plus the value of my car and my house. I don't include any other personal property. Why? Well, first off, it's hard … [Read more...]
Mid-Year Net Worth Update
Four times a year, I go through my finances and take a look at what I have and what I owe and figure out a net worth calculation. I've discussed how I put together my net worth before, but basically it's an accounting of the money I have, my investments, the Zillow value of my house, the Kelley Blue Book value of my car, and the debt I owe on my house and my car. I don't include any of my personal property mainly because that would be hard to … [Read more...]