• Rental Property - $137,000.00
  • Primary Home - $196,000.00
  • Car - $19,000.00
  • Retirement - $40,250.78
  • Cash (checking & savings) - $40,399.05
  • Brokerage - $3186.22

Total Assets: $446,204.23 - increase of 0.62%


  • Rental Property Mortgage - $149,072.46
  • Primary Home - $182,246.82
  • Car Loan - $23,563.61
  • Student Loans - $22,500.00

Total Liabilities: $377,382.89, decrease of -0.27%

Net Worth: $68,821.34, increase from prior month = 5.80%

Monthly Recap:

  • My non-mortgage debt continues to decrease. Not by as much as I would like but it's headed in the right direction.
  • My income this month was boosted north by a $2500 tax refund from the State of Georgia.
  • I'm continuing to chip away at my car loan. I want to just pull cash out and pay it off in full but this economy is making me nervous. I think I need to hold on to my cash a little bit longer.

Looking Ahead:

  • My federal tax bill of $504 is due this month. My regular budget won't be affected since I'd already set money aside to take care of this.
  • No other irregular bills expected for next month.


  1. Leslie // April 2, 2008 at 8:24 AM  

    Hey, great job on your networth increase! That's a pretty high percentage.

    Just a random note... I see on the top of your blog it says "get out f non-mortgage debt by Dec. 2009" and on the side about you it says May 2009.

    Your car loan and student loan are pretty high, but I am sure you can do it. :)

  2. "Future Millionaire" // April 2, 2008 at 9:29 AM  

    Curiosity question Single Guy --- is the different in the value of your rental property and the mortgage due to the recent housing depreciation or is it from renovations etc?


  3. Rachel // April 2, 2008 at 11:25 AM  

    It looks like you are doing really well. Very sensible to already have saved up with you tax bill.

  4. SingleGuyMoney // April 2, 2008 at 5:38 PM  

    @spillingbuckets: Thanks for letting me know about my mistake. I fixed it.

    @future millionaire: The difference between my rental property value and mortgage amount is due to an idiotic 125% loan I took out.

    @rachel: I'm doing alot better than I was a few years ago.

  5. Anonymous // April 3, 2008 at 2:30 AM  

    I admire your candor regarding being upside down in your car and rental property. Don't sweat it. Just keep chipping away at that stuff. It'll be noticably better before you know it. Good thing you're increasing the rent, though! Hey, how did that conversation go with your tenant?

  6. SingleGuyMoney // April 3, 2008 at 6:07 PM  

    @trishallen: I actually spoke with my tenant today and will have a post about it soon.

  7. Debbie // April 5, 2008 at 3:54 PM  

    A lot of my financial decisions are more psychological than rational, so take what I'm going to say with a grain of salt...Maybe instead of seeing it as chipping away at your car loan vs. paying it off in full, you could pay off enough so that you're no longer upside down? Then you would feel progress while still maintaining that cash in hand...?