Based on the exchange rate NT and I got on a small check the other day, I did a quick calculation of our debt and assets. Per my previous entry I am NOT changing my records to reflect this, since A) It would wipe out all meaningful signs of progress and B) The exchange rate could easily fluctuate that much again.
That said, I was really curious. I knew our net worth would go way down because NT is responsible for our having a positive net worth at all, and most of his assets are in England.
Here are the totals:
Assets in my normal 2/1 ratio calculations: $492,570
Asset value at today's exchange rate: $383,069
Debt in my normal calculations: $409,086
Debt at today's exchange rate: $363,725
Net worth last time I calculated it: $81,526
Net worth at today's exchange rate: $19,344
And NT's individual net worth goes down from well over $100K to $68,822.
Weird...seeing my debt magically go down by $45,361 is kind of cool, though meaningless. And that whole under-$400K thing achieved in one neat math trick!
Now, back to my way of calculating things, and not another word about this!
Debt/assets/net worth snapshot at today's exchange rate
January 9th, 2009 at 08:50 pm
January 9th, 2009 at 08:58 pm 1231534703
January 9th, 2009 at 09:43 pm 1231537402