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August net worth update

August 26th, 2008 at 07:59 pm

Assets:
NT's pensions: 7,250 pounds ($14,500)
10,725 pounds ($21,450)
NT's 401(k): $2,124
AS's 403(b): $2,360
CJ's 401(k): $25,452
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $182,000
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Total Assets: $507,886

Total Debt: $421,117

Current Estimated Net Worth: $86,769

July 2008 estimate: $82,578
Change in net worth: +$4,191

Summary: All our U.S. retirement funds went up in value a bit this month, and we paid off a healthy amount of debt, resulting in our biggest jump in net worth for a while. If I were able to keep up this pace, we'd crack $100K by the end of the year! Unlikely, but not impossible.

Note on the numbers above: House value estimates are conservative, and retirement totals don't include amounts currently unvested.

2 Responses to “August net worth update”

  1. merch Says:
    1219784816

    Nice job ceejay. Nice progress too. Murphy's still at my house. Car 2 just went in for repairs and it looks like a $1,000.

    Anyway, great job. What's your next celebration goal? When total gets below $400k? That would be a nice one for a long celebratory vacation.

    Keep the focus!!!

  2. ceejay74 Says:
    1219788329

    Thanks merch! I think my next neat odometer-turning-over milestone will be $100,000 in household net worth, probably early next year. After that, yes, I'm much looking forward to getting that ugly debt total down under $400,000.

    I hope by mid-2009 we get education debt under $70,000; that needle hasn't been moving much but once some of our loans in deferment come due, it will start to go down.

    And of course, when our CC debt gets under $10,000 (hopefully in 2009 but I'd be quite happy with 2010), I may have to throw an SA party and invite y'all to Minneapolis! Smile

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