Yearly net worth
- Thread starter dmclone
- Start date
Mine would be reallllllllly bad. I'm a college kid, have next to no assets (my parents own my car), and have a roughly $10,000 in student loans. As an accounting major, I can tell you that I'm definitely turning in a net loss the next few years.
On paper, mine is up, but that is with my house still listed at the value that I bought it for in '04 and that isn't accurate. I don't even know what it would go for right now. I know what it would NOT go for.
As far as net worth excluding the home, I put enough away in other investments this year and that outweighed the losses in my 401k and some other mutual funds.
As far as net worth excluding the home, I put enough away in other investments this year and that outweighed the losses in my 401k and some other mutual funds.
Beats me, assume everyone is probably down a little this year most likely. All I need to know is that I have enough to pay the bills every month and hold me over for awhile if I ever lost my job. I'm not in a lot of risky funds, I have some that lost but they are diversified enough they didn't go way into that tank like some may have.
If I die, my life insurance takes me into positive numbers. Only problem with that, I don't get to enjoy it.:biglaugh:
I do not pay much attention to this, it makes me about cry when I see it, so I don't look. 2008 was the year I became totally debt free, so I bet my net worth is actually higher than in 2007.
My net worth probably increased due to marriage, but has gone down considerably due to retirement losses. Oh well, I'm not retiring any time soon.
My net worth is up slightly this year. Net worth, cash flow and liquidity is what I monitor each year.
I hope to NEVER have my house paid off. Cheapest money (dirt cheap) you'll ever borrow in your life.
I hope to NEVER have my house paid off. Cheapest money (dirt cheap) you'll ever borrow in your life.
Dave Ramsey is my hero. Remember, paid off mortgage is the new BMW in the driveway.
My wife and I are doing the Dave Ramsey thing now, however we're already breaking with the plan to pay off the auto. It might be a no-no but it makes by far the most sense.
I did not follow his plan either. I actually did not start listening to him until after I paid the house off. I am not sure his plan should be followed 100%, but he at least preaches good ideas.
I completely agree with that. The overall plan is very solid but doesn't make much sense for my wife and I since we only have four debts. Paying off two student loans before a car loan at twice the interest rate doesn't make a whole lot of sense.
Dave Ramsey has a lot of good advice. I think he is a little "extreme" at times though. He seems to preach all debt is "bad debt" and that is just not close to true. There is "good debt" and "bad debt".
I encourage everyone to read at least one book by Ric Edelman. He's "the man" when it comes to financial advice.
I encourage everyone to read at least one book by Ric Edelman. He's "the man" when it comes to financial advice.
