How to increase net worth:
Reduce debt
Make home improvements that yield a higher return than the APR charged to pay for them
Increase Savings and Investment
Cash:$ 3700
CDs: $ 2100
Bonds$ 1120
MF: $ 4064
Prop:$15000
Autos:$8000
Ret:$140000
hom:$380000 (zillow.com est.)
------------
$553984 Total Assets
Credit Cards: $115.13 (0%, pay in full)
Mortgage: $159,434.41 (5%)
Loan bal: 5,613.85 (2.9%)
------------------
$165,163.39 Total Liabilities
$388820.61 Net Worth
Formula:
Expected Net Worth = Age*Realized Pretax Annual Household Income/10
So I recognize this reveals my age somewhat, but no matter.
So, whittle down the loan, build up the cash. I'll approach it from a 50% whittle/50% build.
From:
I've finally met the Stanley & Danko barometer of financial adequacy!
June 5th, 2006 at 09:14 pm