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net worth

November 8th, 2006 at 03:37 am

Inspired by others, here is my net worth to share. I was feeling kinda bad that it was so low, but I am going to focus instead on the positive - the fact that it is positive at all! It was a lot better before we paid DH's last tuition bill on the cc...but nowhere to go from here but up!
Checking and savings accts: $8950 ($7300 EF)
Investments: Sharebuilder - $2029
Roth (me) - $12,469
Roth (DH) - $7408
Total assets: $30,980

Liabilities: CC1 - $4897
CC2 - $920
other ccs - 0
student loan (me) - $6044
student loan (DH) - $15,145
car loan (DH) - $850
Total liabilities: $27980
Net worth: $3k

No house, so no mortgage either. DH is 29 and I am 28. I really hope to sock a lot more away in our Roths next year when he's working again. I'm glad we were able to get an early start on that as the past year and a half has been rough.

9 Responses to “net worth”

  1. Flexo Says:
    1162958894

    Nothing here to feel bad about. It sounds like you have a plan, too. Thanks for sharing!

  2. Ralph Morgan Says:
    1162981184

    I still don't understand why anybody would have money in a savings account, or even invested in shares via sharebuilder, when they have some balance outstanding on a CC paying interest.

    Unless the CC balance is paid off in full each month, so doesn't get charged interest? Or its a zero balance transfer that is invested somewhere earning interest?

  3. jodi Says:
    1162990823

    Because I do not pay any interest on the cc. The smaller balance is new and will be paid off next week. The larger balance is at 0% for almost another year. We put DH's last tuition bill on these cards rather than take out yet another student loan. We are confident that we can pay them off before the interest kicks in - worst case scenario, we will pay them off with our savings (which is currently in a high interest bearing account).

  4. Broken Arrow Says:
    1162994647

    Hey, at least you're in the positives. Me, I'm still treading in the Red Sea. Frown

  5. tinapbeana Says:
    1162995777

    jodi, you are doing FABU!!! i'm 28 & my DH is 27: here's hoping i'm close to where you are in a year... hey, a goal for 2007 maybe?

  6. Ima saver Says:
    1162999558

    Doing good jodi!

  7. LuxLiving Says:
    1162999667

    Congrats Jodi!

    Just did FrugalSon's networth - he's 20, works 2 jobs, lives at home. He's positive $8,414.69! YEAH FOR HIM!!! International Man of Finance!! Woo-hoo!!

    Remember he's a squeaker and if I didn't force him to spend a little every now and again he'd have every dime he's ever made!! Liabilities are $834.00 he owes us for his truck. He did not start working until February 2005, so all he's done is since then - not too shabby for a kiddo! Bonus was he sold his first car for $1000.00 more than he paid for it!

    Haven't done CashHappy's NW lately - he's not nearly so well off as he is rather on the spendy side, but we are slowly trying to turn him to think another way. His IRA is doing okay and he has some CDs, so he's getting there.

    Neither one has a CC. They are picking up a debit card this week at the bank -we ordered them two weeks ago and they called and said they were in - sooooo, we'll see how that goes! Mom will be monitoring their usage. Smile

    Hard to save when he's not working Jodi, but sounds like ya'll are ready to hit the turn around stage. Keep plugging!





  8. jersey jen Says:
    1163009958

    hey, you're doing well! just keep on going and you'll be financially free soon!

    just wondering, do you mind sharing what's in your investment strategy for
    Text is ShareBuilder and Link is service.bfast.com/bfast/click?bfmid=29150849&siteid=41637482&bfpage=home
    ShareBuilder porfolio?

  9. jodi Says:
    1163019634

    Uh...(embarrassed face)...my investment strategy is to ask my husband what he's doing, then nod and say "Okay - sounds good to me". Ok, I admit, not the best strategy to have. I've been putting off getting my feet wet in investing for a while. It's easier for me to handle all things financial (bills, shopping, credit cards, etc) while he handles all investments. I know, I know...I should know more about what's going on.
    I do know this much - we were investing $100/month into Sharebuilder, automatically every month buying a little more of one stock, picked by DH. Turned out not to be the best buy, despite paying dividends. We decided to stop the automatic deductions a few months ago as the $100 was more desperately needed in the here and now. I imagine we'll start doing more deductions again next year.

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