As of February 8, 2006, my net worth is $156,575.39. Physical assets like car and personal items were not included.
Assets (type – amount – % of total assets):
Cash – $84,596.47 – 47.19%
Stocks – $20,751.99 – 11.58%
Retirement – $73,933.32 – 41.24% (Combination of stocks, cash)
Liabilities:
Credit Cards – $6,100 (Mostly 0% interest)
Car Loan – $16,606.39 @ 4.25%
I’m a fairly conservative person, although considering my age, I should be more aggressive. I’ve found I sleep better knowing my money is growing safely, albeit not in large amounts. As time goes on, I may change.
Posting my net worth is a little uncomfortable. But for sometime now, I’ve been enjoying blogs like 2million’s and Neo’s Nest Egg, so I thought I should contribute too. There are so many good blogs out there.
I don’t have a fancy application to track my finances. All I do is use an Excel spreadsheet with two main sections, Assets and Liabilities. Every month, I go through my accounts and update the spreadsheet. I like it, and it works for me.
I plan on posting my net worth montly, but we’ll see how that goes
. I do hope that I can invest in my own home and more stocks later.