January ’10 Update

Holy Cow, Where has the decade gone to? It seems like just yesterday everyone was sweating the Y2K bug and now here we are in 2010. My networth reporting has changed a little even though the numbers themselves didn’t make any ridiculous leaps. I have decided my home, while an investment, is not a measure of my worth. Much like my cars it is an asset I own which I have no intention of turning into income. Since there is no income stream coming from my home I have taken it completely out of the equation. This means from now on my Net Worth reports will be strictly limited to cash/investment accounts and non mortgage debts.

Assets
Cash Savings$16,172.00+$2,355.00
IRA$9,784.00
Roth IRA$3,332.00-$58.00
401k$45,776.00+$2,509.00
$75,064.00
Liabilities
Credit Cards$1,450.00+$338.00
Student Loans$8,011.00-$100.00
$9,461.00
Net Worth$65,603.00+$6,173.00

{ 3 comments… read them below or add one }

1 Jenn Fowler January 4, 2010 at 9:22 am

Interesting point about not counting your home in your net worth. Although it is an asset, it is not easily liquidated, and as you said-you don’t plan on using it as income any time soon.

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2 Evan January 4, 2010 at 11:32 am

Wow that is some substantial retirement savings for someone our age…Congrats man!

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3 pennystocks January 8, 2010 at 1:02 pm

I was just having the y2k discussion the other day and can’t figure where the time has gone myself.

Great job on your finances, I don’t even want to look at mine…

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