We've done these before, but I think it is always interesting to see an update. For us, the power of compounding is starting to account for most our net worth growth.
Investments (cash, stocks, mutual funds, retirement): $203,000
Home: $400,000
Mortgage: -$190,000
Net Worth: $413,000
Age 36
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Sure, I'll play.
Assets:
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Retirement 248,516
Non-retirement stocks/bonds 18,770
Cash 86,679
Gold/Diamonds 60,000
TOTAL ASSETS: 413,967
Liabilities:
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Zero
Total Net Worth:
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413,967
It looks pretty good if I don't factor in that I'm 50 years old and seriously behind in my retirement savings. Good thing I don't plan on retiring.
ETA: Forgot to include my biggest asset, my company. Two years ago my share was estimated (by an expert) at 2.5 million (not that I think it's an easy asset to sell, but it could be. It generates a lot of cash).Leave a comment:
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What is your net worth? I illustrated my net worth below
For those who aren’t ashamed/embarrassed by disclosing their net worth please feel free to share your net worth. I have listed mine below. Also feel free to add categories as you feel necessary. This is just a basic outline that I have implemented for myself.
1) Assets
Stocks/Bonds/ Investments: $17,000
Savings/Checking/Money Market/CD’s: $85,000
Retirement (401K’s, IRA, SEP, etc): $135,000
Primary Residence/Secondary Residence: $150,000 (1-bdrm condominium in Hawaii)
Other: $0
Total: $387,000
2) Debts
Mortgage: $38,000
Student Loan: $0
Car Loan: $0
Credit Card loans: $0
Total: $38,000
Assets minus Debts = Total Net Worth: $349,000
Edited: My avatar name should be changed to OneThirdMillionMan but I'll wait until I can hopefully attain HalfMillionMan. I hope I don't come off as arrogant or snidely because I amgrateful for what the LORD has blessed me with and I know full well that what he gaveth he can taketh away in a heartbeat. I am very appreciative for all that HE hast blessed me with.
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