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Net Worth - First Try! Good? Bad?

September 2nd, 2009 at 06:47 am

Ok, so I've never done this before so bear with me! Advice would be appreciated if I've left anything important out!

Liabilities:
Mortgage: -$298 438.53
CC Balance: -$2304.55
Personal Loan: -$2739.93

Total Debt: -$303 483.01

euch!!!

Assets:
House (current median market value) $325k
Savings: $8000
Superannuation 1: $15000
Superannuation 2: $8000
Car 1: $5000
Car 2: $4000
Car 3: $4000
Artwork: $5000
Tools: $4500.00

Total Assets: $378 500.00

(I only include the assets that I know would sell, and at the lowest price we could get for them at short notice.)

Total Net Worth: $75 016.99

Well, that's not too shabby for a 22 year old and a 29 year old, yeah?


3 Responses to “Net Worth - First Try! Good? Bad?”

  1. Apprentice Bliss Hunter Says:

    Shabby ? Nooo.... Awesome .... Yes !

    Well done/ Congrats !

    I'm 30 with a Net Worth of approx 8,000 so yeah.... I think the two of you are doing awesome !

  2. Caoineag Says:

    Well done. My net worth is still a negative and will be for the next year so I think you are doing great!

  3. Ima saver Says:

    Very good!

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