Showing posts with label networth roundup. Show all posts
Showing posts with label networth roundup. Show all posts


Assets:
  • Primary Home - $196,000.00
  • Rental Property - $137,000.00
  • Car - $19,000
  • Retirement - $40,758.09
  • Cash (checking & savings) - $23,575.12
  • Brokerage - $2119.76
  • TOTAL ASSETS: $428,952.97
Liabilities:
  • Primary Home Mortgage - $181,646.82
  • Rental Property Mortgage - $148,140.28
  • Student Loan - $22,500.00
  • Credit Cards - $95.62
  • TOTAL LIABILITIES: $352,382.72
Summary Report:

  • Assets increased $2,156.19 (.51%)
  • Liabilities decreased $328.09 (-.09%). I need to start paying more towards my debt!
  • Overall, me Networth increased $2,484.24 (3.35%). Not bad considering the stock market.
  • I was able to save over $2300 this month due to careful planning and an extra paycheck.
  • Thanks to the extra paycheck this month, I was able to get my Emergency Fund back to my $20,000 minimum.
  • I increased my yearend Networth goal by $10,000 to $85,000. I'd originally set a yearend goal of $75,000 by December 2008. Since that goal was met in July, I am increasing the goal to $85,000.
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The M-Network, friends of the M-Network and I wanted to do a Net Worth roundup to highlight our financial accomplishments for 2007. Some of us choose to reveal our Net Worth, some only choose to reveal percentages and some choose not to reveal at all. No matter which method is chosen, hopefully this post will inspire you to track your financial progress if you don't do so already.

SingleGuyMoney's 2007 Financial Highlights:

  • Paid off all of my credit card debt.
  • Found an additional rental property and almost purchased it. I saved myself thousands of dollars and a big headache by not buying the property. Read that story here.
  • I accomplished my goal of $65,000 Net Worth.
  • Fully funded my Freedom Account.
  • Increased total Assets by 1.94%
  • Decreased total Liabilities by 6.22%
  • Overall Net Worth increase of 104.81%. I actually doubled my Net Worth in 2007.
  • Check out the December Net Worth wrap-up here.
Without further ado, here is the Net Worth roundup of the M-Network and Friends:
Thanks again for reading my blog and I look forward to a great 2008. If you haven't already, please be sure to subscribe to SingleGuyMoney.