This is the first post of my net worth. I will be posting these kinds of reports monthly.
I have been using Personal Capital to track my net worth as well as my income and expenses for over four years. I highly recommend that you sign up and use Personal Capital as this is far superior to other similar services. You can sign up using this link: Personal Capital Sign up
As you can see below, I really do not have “bad debts”. I have credit card debt because I use my credit card for all of my everyday purchase so that I can obtain points for traveling. This will be a topic I will be discussing in a later post.
I own my car outright and I am not a big spender. Another thing I got working for me is that I bought my house super low because it needed gut job/renovation. This is why the value of my house is high compared to the mortgage. That is another topic that I will be discussing soon as well so stay tune.
So here we have my Assets as well as my Liabilities.
Cash Accounts: $869.33
Roth IRA: $28,937.01
Traditional IRA: $16,148.44
Taxable Account: $101,564.73
Credit Cards: -$1,231.23
Net Worth: $263,634.30
So as you can see, I have a nice total net worth for a 32-year-old. I am very grateful for all I have done so far with the help of my family and loved ones.
Here is a screenshot of my net worth from Personal Capital.
(Disregard the drop on the screen shot. I was adding my home mortgage.)
Thank you for stopping by and continue to follow me on this Fiscal Voyage.
Image by iosphere at FreeDigitalPhotos.net