Comments on: End of Year Net Worth Update: $488,967.81

By: Tonya

Tonya — Sat, 23 Jan 2016 23:19:00 +0000

In reply to J. Money. Thanks! I actually recently read your review of PersonalCaptial.com and am considering it (or YNAB).

By: J. Money

J. Money — Sat, 23 Jan 2016 20:30:40 +0000

In reply to Tonya.

No problem!

There are other apps and services out there btw that track it automatically for you if that’s a route you’re interested in as well. Places like Mint.com or PersonalCapital.com are free. Here’s our review of Personal Capital: https://eliteedgemoney.com/go/personal-capital

By: Tonya

Tonya — Wed, 20 Jan 2016 23:06:47 +0000

In reply to J. Money. Thank you! I can't wait to try it. If it ends up not fitting my needs, then at least I have something to work from. Thank you so much.

By: J. Money

J. Money — Wed, 20 Jan 2016 16:35:20 +0000

In reply to Tonya.

Hah! Welcome to the club :)

Sure, here’s a simple spreadsheet I put together when I used to do money coaching:

https://eliteedgemoney.com/files/Money-Snapshot.xlsx

also has a simple area to budget too if you want…

By: Tonya

Tonya — Thu, 14 Jan 2016 23:37:43 +0000

I’m a newer reader. I found your blog on New Year’s Eve cause I know how to party. I’m interested in calculating my family’s net worth. Do you have a simple spreadsheet template for a newbie?

By: J. Money

J. Money — Wed, 13 Jan 2016 12:36:27 +0000

In reply to John. Thanks man :) The value listed in my net worth reports is the latest estimate that my realtor values it at. Every 6 months or so I ask him to look at comps and then update his best guess from there. I've tried using Zillow and the likes, but it fluctuates way too crazily and never seems to be accurate for my area. So the realtor route seems like the best option for us, and we're cool with the less frequent updates. Hope this helps :)

By: John

John — Tue, 12 Jan 2016 02:50:56 +0000

I was a bit confused on the value you used for the house, was it based on an appraisal or was it the cost you acquired it? Regardless, congratulations on increasing your net worth so much over such a little amount of time – very great feat.

By: J. Money

J. Money — Mon, 11 Jan 2016 12:03:45 +0000

In reply to Michael @ NTPNW.

Oh wow – you’re easing into the freedom nicely! That’s something I need to be better about here – cutting out the overtime/weekend work… I’ve been a lot better than previous years, but I have to constantly remind myself not to become a workaholic or what’s the point? I think the biggest problem I have is that I *enjoy* the “work” and anytime I think to myself – “what would you like to be doing right now?” in my spare time, I often dream up online projects to build haha… so I guess it’s both good and bad, but I def. want to have less computer face time :)

Anyways, congrats on the journey so far! Nice to take advantage and not make it an “all or nothing” type deal.

By: J. Money

J. Money — Mon, 11 Jan 2016 11:57:11 +0000

In reply to Mike. I like it! I've read some of those posts by Mad Fientist and the gang... so clever those guys!

By: Michael @ NTPNW

Michael @ NTPNW — Mon, 11 Jan 2016 01:21:08 +0000

In reply to J. Money. Yes sir it will be. Right now I am working no overtime and 4 days a week most weeks. Have my blog that's growing slowly organically and my wife finishes RN school this year. Of course we have been living frugally, put in our time and hard work to get to this point but it was all worth it. We have been able to slow down a bit, enjoy life more and pursue what we love. We may not own the newest car or the best home on the block but we are content with our life style. We have less money stress and more options- financial independence is awesome! My only regret is I wish I had started my journey towards financial freedom much sooner.