January 2009 Net Worth

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.

Assets: $29,866.68

  • Cash Savings – $20,383.05
  • Stocks – $5119.35
  • Roth IRA – $4031.67
  • P2P Loans – $332.61

Liabilities: $4109.60

  • 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”

  1. 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.


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