Last night we tried to figure out our net worth. All our assets are retirement funds and real estate, so we can only estimate, as those things go up and down (and half are in British pounds).
But it wasn't terrible. Here's what we came up with (not counting nonvested amounts, and very conservative house valuations):
NT's pensions: 7,250 pounds ($14,500)
10,725 pounds ($21,450)
AS's 403(b): $1,400
CJ's 401(k): $25,200
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $185,000
Total Assets: $507,550
Total Debt: $452,647
Estimated Net Worth: $54,903
Not too much divided between three of us, but considering I estimated our value to be in the $40s only a couple months ago, it sounds really good to me! And by virtue of paying off over $2500 of debt a month, and contributing a few hundred to our retirement plans a month, that number will go up quickly.
It's nice to write something that's actually positive about our finances, not just me being optimistic and keeping my chin up! :-)
Maybe I'll make this a regular blog feature, every month or so.
Estimating net worth
September 20th, 2007 at 03:45 am