Tuesday, April 07, 2009

What is our Net Worth?

I read regularly on PF blogs about people’s net worth. I’ve always been so focused on how much debt we have, but I’m really trying to motivate myself to be positive about my life, so I thought I’d have a look at what we’re worth. Keep in mind this is entirely based on estimates that I’ve gotten from looking around at what the current asking price for equivalent homes/cars/etc.

ASSETS (estimates):
House: $340,000
My Car: $15,000
His Car: $8,000
His Boat: $4,000
TOTAL: $367,000

DEBTS:
House: $258,655.69
Credit Cards: $24,544.50
Car: $14,198.72
TOTAL: $298398.91

Total Networth: $68,601.09

I supposed I feel good that that figure means we’re worth something…not entire sure how good or bad this figure is. I should roll over all my superannuation into one account so I can track it properly and see how much I have; I’ve been really slack about grouping it together. I wonder if my original super account opened for my 1st job in 1997 is still open… I’m pretty sure I have about $9,000 in one account, and $5,000 in another. Mr M would have at least 30k… I would hope so anyway! He’s been working full time for 7 years!

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