• Rental Property - $137,000.00
  • Primary Residence - $193,000.00
  • Car - $29,500.00
  • Retirement - $41,922.95
  • Cash (checking and savings) - $33,487.69
  • Brokerage - $3347.75
Total Assets: $445,758.39

  • Rental Property Mortgage - $149,884.04
  • Primary Home Mortgage - $183,023.00
  • Car Loan - $24,818.30
  • Student Loan - $22,223.81
  • Credit Cards - $0
Total Liabilities: $379,949.15

Net Worth: $65,809.24, increase from prior month is 2.73%

Monthly Recap:
  • No credit card debt incurred this month. (Any new credit card debt obtained is paid in full the next month).
  • I was able to hit my goal of having $65k Net Worth.
  • Yearend bonus received this month. Majority of the money was sent to fully fund my Freedom Account (account for infrequent bills, ie: insurance).
Looking Back:
  • Asset change since December 2006 - $8484.10 or an increase of 1.94%
  • Liabilities chance since December 2006 - ($25,192.56) or a decrease of 6.22%
  • Total Net Worth change since December 2006 - $33,676.66 or 104.81 %
Looking Ahead:
  • January Net Worth may decrease due to change in vehicle value and home value. I only adjust these numbers once a year.
  • January will be good for my cash position as I get 3 paychecks instead of 2.
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  1. Heath // January 1, 2008 at 9:30 PM  

    I am new to your blog, so I apologize if this was already discussed.

    Why do you have your car in your asset category? And how do you determine it's value?

    Do you check the Blue Book value and use that for you calculations?

  2. Noel Larson // January 2, 2008 at 12:58 AM  


    That is a ton of progress, you really should be proud of yourself. To hit your top goal is pretty special make sure to take the moment to congratulate yourself as well!

    I update my car quarterly, to lower the inpact. I use the Kelly Blue book Trade-in value (the lowest of the values). I would be interested in what number others use.

    Kelly Blue Book is

  3. SingleGuyMoney // January 2, 2008 at 5:47 AM  

    *Money and Investing: Welcome to SingleGuyMoney and thanks for reading. I determine my vehicle value by using or Nada. I only adjust the value once or twice a year. I have the private party value listed in the asset category but I also have the car loan in the liability section to offset the difference. I've made a really big adjustment to the value which will show up in my January report.

    *racerx - Thanks so much and thanks for reading.

  4. Ed // January 2, 2008 at 12:40 PM  

    Good job! Like RacerX mentioned you really should be proud of the progress you've accomplished so far!

    Just keep it that way, eh?

  5. SingleGuyMoney // January 2, 2008 at 6:16 PM  

    *ed: I sure plan to keep it that way! Thanks for reading my blog.

  6. Anonymous // January 2, 2008 at 7:07 PM  

    I'm new to the online finance and blog world as well and am glad to see that you are doing so well in achieving your goals. Look forward to seeing your progress during the year.

    I'm curious, you mention that you have $40,000 in retirement accounts. What areas do you have your funds invested in? Maybe you've answered this somewhere else on your blog and I apologize if you have done so.

  7. Anonymous // January 5, 2008 at 2:39 PM  

    Nicely done SGM - like to see the progress. I do the same thing with my car value and tagging it as an asset. I drop 2% off it each month though just to keep me honest in my networthing... :)

    Nice work!