Assets:
- Rental Property - $137,000.00
- Primary Residence - $196,000.00
- Car - $19,500.00
- Retirement - $39,530.69
- Cash (checking and savings) - $35,494.08
- Brokerage - $3,231.97
Liabilities:
- Rental Property Mortgage - $149,606.60
- Primary Home Mortgage - $182,773.00
- Car Loan - $24,276.83
- Student Loan - $22,500.00
- Credit Cards - $98.75
Net Worth: $61,501.56, decrease from prior month -13.41%
Monthly Recap:
- Credit card debt is from purchases made in January and will be paid in full next month.
- My investment accounts, like everyone else's, took a major dive in January.
- I was able to send $1500 to my freedom accounts due to an extra January paycheck.
- Not all of my Net Worth decrease was from the market. I adjusted the value of my car from $29,500 to $19,500.
- I increased the value of my home this month. I've been in my home for almost 2 years and I've never made an adjustment to the value. I was using the appraised value when I first purchased the home. I've made several improvements but did not increase the value.
How well did my blogging friends do?
My Dollar Plan - January 2008 Net Worth Update: -3.7%
Moolanomy - January 2008 Net Worth Review
Related Posts:
December 2007 Net Worth Review
November 2007 Net Worth Review
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That's a pretty aggressive car depreciation. Are you going by kelly blue book? If you're going to drive it till the end depreciating it linearly either in years or in miles might be a better way.
I agree with Jacob. Your car depreciation seems to be very high. How are you determining it?
I have not depreciated the car since I bought it so it was artificially inflating my assets. As much as it hurt, the adjustment was long overdue.