Net Worth?

**Lady_V** · 06-24-2008, 10:27 PM

I -use- to keep records of my net worth... we had to submit the figures as part of DD's adoption process. I had them re-evaluated every quarter.

**Greebo** · 06-24-2008, 10:36 PM

Originally Posted by Wendy99

oh my how i wish there was an 'edit' feature!! guess our net worth isn't in the negative after all . .just did a quick calculations ..included .. house (market value), van and savings account .. and then subtracted the mortgage amount and voila .. it's not too bad considering ...

No other debt? Sweet!

**TheRootedNomad** · 06-24-2008, 11:11 PM

We started doing this about 3/4 years ago when we actually started getting serious about our finances. Prior to that we were in survival mode most of the time. I do this (a quick scrap paper run through) every couple of months. Generally I do it because I'm playing with attempting to predict fugures or set goals. We were pretty far behing where we should be just a couple of years back. Last time I compared to somenes chart of where we should be we were getting pretty close. The goal now is to become one of those "over achievers" or PAW's so that we could do the retire early thing. The market is currently not helping us climb quickly.

**Wendy99** · 06-24-2008, 11:25 PM

Originally Posted by Greebo

No other debt? Sweet!

That's right & trying hard to keep it that way!! lol

**Bethany** · 06-24-2008, 11:42 PM

I don't calculte my net worth down to the penny, but when our retirement acct's send us our quarterly reports I get very excited (I'm a geek) to see how much we're worth. Best bit of advice I ever got has really paid off, start investing in your 401K with your first paycheck. I did that and I have rarely skipped a paycheck of saving in my 401k, 403b or IRA. Well, we're worth quite a bit now, even though we have some cc debt. I wouldn't dare borrow from by 401k to pay off my cc. My cc will be paid off before I lose the zero percent on it.

**Compte de Yoyo** · 06-25-2008, 03:35 AM

We use NetworthIQ (dot) com to keep an eyeball on things, it's a free site and it's fun for us. You plug in your data (assets, debts, age, location etc. Most of them are optional, so you can put whatever you want for privacy reasons.) at whatever frequency you'd like. It'll tend graph your progress with the added incentive to compare with any other other public profiles based on location, age group, income and etc.

There's an option to set your account to private as well and you can look at public/other peoples accounts without signing in/registering.

**suki** · 06-25-2008, 08:25 AM

I hadn't figured ours in several years because of setbacks (it was depressing watching the numbers decline significantly). However, in filling out scholarship applications with my girls, several required this information. Ours is mostly in our home equity which does us little good for a variety of reasons, but it's nice to know we look good on paper. I'm more concerned about my liquid assets than I am my networth.