The First Net Worth

This is as far back as my record keeping will allow. This is the first net worth calculation on 03/06/2006. I have at least one total assets record from 2005, but no corresponding total liabilities from the same period.

My Net Worth Blog maybe new, but it has the ability to run deep as far as the raw data is concerned.

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All rising to great place is by a winding stair. – Francis Bacon

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0306liabilities

Total Liabilities;$433,238

Mortgage on House; Bought in 2005 Interest 3.75%

Student Loans; started out over $200k, separate post here.

Gotto start somewhere right? A history of both our liabilities and our annual net worth over 10 years are available.

empty-wallet

Tracking your own net worth is perhaps the second most important thing you can do to improve your financial picture. Budgeting your expenses to see where the money goes is probably still number one.

Budgeting is like paying attention to ball game while tracking net worth is like paying attention to the baseball season.

Months can goes up or down, you need a longer picture to evaluate your progress. You are either bringing in more money than you’re spending or you are losing money each month. Tracking Net Worth is easy, useful, and addictive.

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