Many PF bloggers share their net worth and I’ve decided to do the same. This is my net worth as of the end of January 2009.
- Cash Savings – $20,383.05
- Stocks – $5119.35
- Roth IRA – $4031.67
- P2P Loans – $332.61
- Credit Card – $4109.60
Total Net Worth: $25,757.08
It had been a very long time since I had last computed my net worth. I was a little surprised by how much I have in cash savings. I’ve been putting off investing more in stocks because I didn’t feel like I had enough liquid assets. I can probably safely put some more in stocks.
My credit card debt is part of a student loan debt that I paid off with the credit card using a balance transfer offer of 3.99% for life. I’ve seen several reports of credit card companies changing the rates or charging a $10 monthly on deals like this but so far that hasn’t happened to me. I’m going to be sure I have enough to pay the card off in case that happens. I might pay it off in a few months anyway just to have one less thing to worry about.
I’m not including my student loans in my net worth statement. There are a couple of reasons for this. One is that doesn’t appear that I will have to pay on them in the near future and they may eventually be forgiven. The other reason is that I think I will get a clearer picture of my net worth without including the student loans. They will continue to capitalize and make my net worth appear to diminish even if I increase my assets. I’m sure some people might not agree with leaving my student loans out of my net worth computation but I think it is better to leave them out.
2 thoughts on “January 2009 Net Worth”
Not bad Andy. Hopefully you’ll get a good job after graduation, and your income would go way up!
I’am one of those that don’t agree with leaving out your studen loan in networth. Reason I have is: It is a real liability , and it is made to make money, (the higher salary may never materialize ) The sad part is of course that YOU think it looks bad that you start out with a large debt. But its never the less a debt.