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Net worth ver. 1.0

May 5th, 2011 at 07:12 pm

Looking over my blog, I just realized that I've neglected to do a net worth calculation. Uh, yeah ... scratch "neglected", I've been absolutely mortified to punch out a number. Guess I'd better get this over with.

While I'm not sure what the accepted practice for figuring out my net worth is, I'll follow my hunch for now and wait for feedback. Here we go:

Today's net worth

Assets
Cash (checking & savings): $2,806.04
Investments: $46,232.44
Property (home & autos): $177,500.00

Liabilities
Consumer debt: $26,462.05
Mortgage debt: $161,227.68

Net worth: $38,848.75

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I'm surprised. I seriously thought that the value would be negative. On the other hand, I'm a little bit disappointed that even if my consumer debt was eliminated today, my net worth would barely surpass one year's income. Time to get more motivated.