Comments on: Net Worth Voyeurism: $221,941.10 (Down $1,300)

By: J. Money

J. Money — Sat, 09 Apr 2011 20:55:46 +0000

You know, back in the day I did count loans as an asset but this time I thought I’d just keep it out of the equation since it’s 100% “live” if you will. When I get paid back I’ll just lump it back into the cash I have :)

As for “cash” – part of it is literally in a savings account, but the rest is in a money market for now. I’m cool with that as I have enough invested away and I like the comfort have having so much liquid. Will probably reconsider once I get a better handle on self-employment stuff though. Good points you bring up, thanks!

By: Rob

Rob — Sat, 09 Apr 2011 17:19:11 +0000

J, it’s perfectly acceptable to consider any loans you’ve made as an asset. I wouldn’t lump it in with any of your current list items, but adding another one wouldn’t hurt. It will also help you track repayment.

Also, is your cash savings really just in cash? Maybe you should consider putting that money into an investment account of some sort. You’re losing a lot of money to inflation.

By: J. Money

J. Money — Wed, 06 Apr 2011 01:47:30 +0000

@Bobby – Keep workin’ it yo!
@Jason @ Socialcheap.com – Haha, always appreciate a little insight :) Esp since I buy and sell cars off KBB myself. Guess it’s ingrained from childhood – my dad used it for everything before even the internets! (*gasp*)

By: Jason @ Socialcheap.com

Jason @ Socialcheap.com — Wed, 06 Apr 2011 00:21:36 +0000

J – one thing to be aware of when dealing with KBB (I know this since I used to work with pricing in the auto industry), is that they have inflated auto values. This isn’t necessarily a bad thing if you’re trying to sell your car, since you can pull out the KBB price for the car and tell the seller “Look, I’m selling you a car below KBB cost!”. It’s a trick the dealers use all of the time. So, this was a bit of a tangent, but something that your post reminded me of :)

By: Bobby

Bobby — Tue, 05 Apr 2011 23:30:53 +0000

March was my biggest jump since I started tracking the progress. Getting my income tax back was REALLY nice.

I love hitting those milestone numbers. No 100g’s yet but I’ll get there eventually!

By: J. Money

J. Money — Tue, 05 Apr 2011 21:33:19 +0000

@Stephanie – No details huh? Gonna make us guess how much it’s at? :) haha… yeah car stuff is kinda confusing, but I guess it really doesn’t matter until the day you go to sell it. Which I hope is never for me! (unless it’s cuz it dies. then that would just suck)
@Matt – WOW that would be hot! congrats! And sending good thoughts over to your wife too on her job situation. It definitely makes life interesting, that’s for sure.
@Diva – Wooo!!!! Good job :)
@Ashley @ Money Talks – Haha, that I do… and wish I didn’t since it would mean I’d be renting again ;) Now hurry up and do your net worth!
@Wade – Thanks Wade, and happy to hear you’re starting to stick to it yourself, I think that’s important. Even if it changes a little big each month, at least you can tell how it’s trending in general. If it’s going down every month we know there’s a problem ;)
@Jon | Free Money Wisdom – Ooooooh that would make sense if that Japan stuff is true, although kinda sounds like an urban legend ;) haha… either way, an interesting theory, thanks for sharing my man.
@Jennifer Lissette – Hah! Well I guess Jon above was right then, haha… damn you guys are smart. Congrats on the huge uptick! I hear ya on that solid number for your house value too – always the hardest to value accurately. Keep it up! :)
@Sarah Smith – YEAH! Me too! Never heard of at ALL until last month – crazy. And oh so hot as you’re finding out too I’m sure ;)
@Jenna – That would do it!
@Steph – That’s what she said, that’s what she said… ;)

By: Steph

Steph — Tue, 05 Apr 2011 18:47:20 +0000

Slow and steady, my friend… slow and steady…

By: Jenna

Jenna — Tue, 05 Apr 2011 18:25:10 +0000

Definitely lost money last month between traveling to SXSW and buying a new bed.

By: Sarah Smith

Sarah Smith — Tue, 05 Apr 2011 18:14:08 +0000

Glad to see you’re diving right into the self-employed investment lifestyle with your new SEP IRA! We recently opened one for Julian, since he’s self-employed. I had never even heard of it til our CPA told us to open one for tax benefits. I’m so into it now!

By: Jennifer Lissette

Jennifer Lissette — Tue, 05 Apr 2011 17:14:01 +0000

Your car probably went up this month cause it’s a Toyota. With the recent disasters in Japan, car companies can’t produce enough parts to keep up with their usual stream of production. As a result, car dealerships are actually running low on Japanese cars. Both of my cars are Japanese and I saw nearly a $1000 increase in value this month.

As for my net worth, I’m up five grand this month. Very exciting stuff. Our house has been dropping like a stone on zillow since August and this was the first month that it stayed still. So even though I took thousands out of savings to fund a three week European vacation (we’ve been saving for years for this), my net worth still went up!

My husband and I are in the process of diligently paying down our mortgage to get it out from underwater. I really can’t wait for the time when we can refinance… both so there’s a lower interest payment AND so I can get a professional opinion on the value of our home and stop letting zillow give me a heart attack every month.