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September 2010 net worth update

September 20th, 2010 at 03:07 pm

Assets:
NT's UK pensions:
#1: 12,663 pounds ($25,326)
#2: 14,721 pounds ($29,442)
#3: 3,709 pounds ($7,418)
NT's 401(k): $9,929
AS's 403(b): $3,300
AS's IRA: $1,682
AS's 401(k): $842
CJ's 401(k): $33,529
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Baby/emergency fund (shared asset): $8,584
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Total Assets: $540,052

Total Debt: $358,944

Current Estimated Net Worth: $181,108

August 2010 estimate: $175,615

Change in net worth: +$5,493

Summary: All of our U.S. retirement funds posted gains. Add in the largish amount of debt I was able to pay down since the last net worth update, and we've got a pretty impressive increase on our hands! I don't think we'll crack $200K this year, but barring any more major losses in real estate value or our retirement investments, we should get there in early 2011.

I will update my "Individual Net Worth" page shortly so you can see how it breaks out per person.

Notes on the numbers above: House value estimates are fairly conservative. I don't have a way to check NT's UK pensions or flat value, so their values stay static for the purpose of this update (unless I happen to get some info by chance). UK asset values and debt amounts are calculated figuring $2 for every British pound, which was the exchange rate when I started keeping track. I maintain that ratio for the purpose of tracking progress, even though the exchange rate is now closer to $1.60 per British pound.

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