Comments on: Net Worth Update: $204,762.73 (Down $15Gs… *vomit*) https://eliteedgemoney.com/net-worth-update-september-2011/ Money | Minimalism | Mohawks Sat, 08 Apr 2017 11:31:32 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66957 Tue, 11 Oct 2011 00:23:09 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66957 Oh nice, I love it. I’d much rather go back to renting too to be honest with you, but a bit too underwater for that yet ;) Glad you found a system that works for you! Do you count investments too? Like stocks and 401k, even though their not totally liquid? I use our net worth to show all assets & liabilities over just the liquid stuff. I think as long as we’re all getting what we want out of tracking it though, we’re on the right paths. So thanks for sharing!

]]> By: Financial Independence https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66853 Mon, 10 Oct 2011 10:07:38 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66853 J. Money

I do not count my mortgage. I calculated many times, and there is incentive to buy a house. It is cheaper to rent and live happily ever after.

I have to confess, I invested some money in two apartments, but I paid in full, but I do not count them as asset, either. It is a fall back scenario, to live in them. I will only count the rent I receive : -)

Historically property prices did not change much, what important is liquid assets and cash flow. I will concentrate on that. Enough playing with the properties : -) Perhaps I will buy parking lot, to make them more appealing as rentals.

]]> By: J. Money https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66769 Sun, 09 Oct 2011 15:23:03 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66769 @UltimateSmartMoney – Yeah, a lot of people have stopped watching it actually and just log in when it’s time to update their net worth or check on something. Since I do it every single month though (cuz to me, it’s all rather fascinating!), I have no choice but to see it every few weeks :) But I really like it that way – keeps me involved and learning. Even though the times where it’s up is much more exciting, haha…
@Financial Independence – Oh cool, yeah – keep up whatever works for you :) Quick question though — if you don’t count your house as your asset, how do you count your mortgage(s)? Cuz that’s a 100% true debt no matter how you look at it. (or do you guys have it paid of like rock stars?)
@Walnut – Wowwwww work it, yo! That is hotness – congrats! :)

]]> By: Walnut https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66543 Fri, 07 Oct 2011 18:39:47 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66543 While the markets sucked this month, I ended the month with a 3k increase in net worth to surpass 60k for the first time. Plus, I was the recipient of a surprise 10% midyear raise yesterday, so I expect good things in the months to come.

]]> By: Financial Independence https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66465 Fri, 07 Oct 2011 08:10:45 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66465 I do not count our prime residence as an asset. We need a place to leave. If something happens that we need to sell it, it will be a completely different ball game and financial independence is least of our problems at that time.

But thank you for concise and open discussion here. I am doing the same in my blog – just related financial statements and moves.

]]> By: UltimateSmartMoney https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66449 Fri, 07 Oct 2011 01:56:32 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66449 My 401K value keeps going down… It’s so sad to look at every month. I just need to stop looking at it so often. It looks like you are doing well. Keep it up!

]]> By: J. Money https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66391 Thu, 06 Oct 2011 21:50:46 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66391 Well ya gotta enjoy the ups as they come in! If we can do that, it makes the lows a lot easier to deal with, eh? :)

]]> By: Jennifer Lissette https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66389 Thu, 06 Oct 2011 21:28:57 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66389 Between the husband’s annual bonus coming in and our house actually going up in value on zillow (which has happened maybe three times since I started tracking a year and a half ago), our net worth is up 30g’s this month. It’s much less impressive than it sounds because that brings our net worth up to $40,000. I started tracking my net worth in June ’10 and my house has lost $100,000 in value since then, so we’re just treading water over here, trying to stop the hemorrhaging.

]]> By: J. Money https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66383 Thu, 06 Oct 2011 18:57:33 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66383 @Maria Nedeva – My thoughts on that is that it’s always been work “to get paid” over career, at least w/ the younger people I know. Rarely do I come across someone that actually ENJOYS their work and really wants to do it for a living no matter if they get paid a crap ton or just enough to pay the bills. W/ the exception of my online friends, of course :) Most of you guys have your heads on straight, as well as all the people I run into at conferences/etc, but in normal everyday land I find most people work for the money, and that’s that. I’m sure it’s became even more pressing too w/ the latest rounds of economic troubles.
@Khaleef @ KNS Financial – Thanks Khaleef! And I’m def. not gonna jump in and do all that betting, haha… I’m perfectly content letting the market run itself ;) Hope to see you again before our next conference!
@Babs – Haha, you do have a point I know. I just tend to use my Net Worth as the “amount I have right now, at this given point in time” – which means I need to account for the taxes, whether I have them saved or not. But over time I’m starting to maybe think about dropping it too, and not listing it in either place, esp now that I’m getting used to seeing the “hurt” (I wanted to physically watch it build and drop so I could let it sink in that it is, indeed, REAL, but I think I’m finally okay with it :) So who knows. Maybe I’ll actually listen to you for once! Haha…
@Jen @ Master the Art of Saving – Hey, we all got problems – they just differ ;) Anyone here CAN get to the amounts I have saved up, but most people don’t want to put in the hard work for it, haha…. it’s the same thing as those celebrities who get rich and famous “over night.” They’ve actually been doing it for yeearrrrrrrrs, but only now did they get all mainstream! I don’t gear all this to you, specifically though – you guys have your head on straight – but just the others out there who wanna hate and make up excuses why they aren’t where they want to be. All you gotta do is use focus and TIME to your side, baby!
@Justin Wright – Haha, exactly. Great mentality to have though! If only we had MORE MONEY to invest in them! ;)
@Jenna, Adaptu Community Manager – Haha… are you offering? :)

]]> By: Jenna, Adaptu Community Manager https://eliteedgemoney.com/net-worth-update-september-2011/#comment-66377 Thu, 06 Oct 2011 17:49:42 +0000 https://staging.eliteedgemoney.com/?p=14905#comment-66377 Bummer! Maybe you should have gotten that LED light pen. Bet you could sold that for a pretty penny ;)

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