My Current Net Worth
By Matt - Sunday, July 15th, 2007
Part of my goals for the month was to come up with a net worth statement and I’ve been somewhat procrastinating completing it in favour of continuing to fix assess my badly broken cash flow. Needless to say it was a bit of a pleasant surprise to see that my net worth had actually increased since I last calculated it back in April. Now a couple items of note on this are that I haven’t gotten my semi-annual statement for my pension so I’m using an old number (it should have gone up) and the value of the car remained the same but I think it might have gone down.
| Assets | |
| Mutual Funds | $254.14 |
| Cash | $1,412.38 |
| Stocks | $668.10 |
| Car(approx value) | $9,000 |
| Boat(approx value) | $3,500 |
| Pension Fund | $39,742.13 |
| Total Assets: | $54,576.75 |
| Liabilities | |
| Credit Card #1 | $6,572.68 |
| Credit Card #2 | $4,953.20 |
| Line of Credit | $15,109.60 |
| Car Loan | $12,580.03 |
| Overdraft | $446.20 |
| Total Liabilities | $39,661.71 |
| Net Worth | $14,915.04 |
This is up since my last assessment back in April and if it wasn’t for my pension fund I would be very heavily in the negative column. I’m very glad for that little thing (too bad I can’t access it to clear my debt). Overall this is a decent snapshot of where I’m at and cash flow aside this isn’t too bad.
As I’m cleaning up my cash flow situation this should improve in leaps and bounds as credit cards get paid down. If I can balance my cash flow to 0 within a month or two what will happen is the $4-500 per month that my debt is reduced (after all interest) will start appearing directly on the bottom line. But first thing is first and I’m working on it as much as possible.
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This entry is filed under Financial Situation.
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