Monday, March 2, 2009
Net Worth
In June of 2007, I started tracking my net worth and I was over $33,000 in the hole. Now I only have $6,841 left to get back to zero. For the first time in my adult life. Ever. Just under $10,000 of that is from paying off debt, the rest has come from money going into my retirement accounts or savings. I'm hoping that by the time that I turn 30 at the end of July, I should be within $1,000 of getting into the black. The other side of the coin is that I'm putting money into savings so that I can buy a house. So I'm doing all of this work to get a positive net worth only to put myself back in the red...
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4 comments:
i know, i'm finally less than 10k negative and trying to purchase a house, although, technically, if your house is assessed at what you pay for it, it should break even, no? as in, if you sold it, you would pay off your mortgage. OR not? is equity the only thing that counts?
yeah, just checked mine bc I was curious. I started Dec. 07 with -33,166 and I ended Feb 09 with -5333. Of course, if my offer tonight on the house goes through, I'll be losing some of that cash, so yes, I will be going in the hole even further. ;-)
Must be a nice feeling!! i'm still way off
Somedays I feel like I'm getting closer - other days, I feel like it's never going to happen. you'll get there. :)
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