My
Personal finances have been on auto pilot for the last year. Because of the rentals and all the
spreadsheets & tracking I do for the income and expenses, I’ve totally
neglected my own personal finances.
Actually the last week, I maxed out my credit card. It was embarrassing when the company
installing new furnace at one of the rentals called to say that my credit card
bounced. It’s time to get back on
track. First thing I did was to start
tracking my net worth again. This also
makes me inventory all my investments, look at where all my money is, and see
where the growth is coming from. The
goal is to do this once every 6 months.
It’s been too long (my last network update was $100K on May 2008)
Aug, 2013 Net worth – $287,476.7
Is this good? I used
the link that Krystal shared on her blog to see how I compare.
CNN Money says:
For my age, my net worth is much higher than the Median net
worth for my age group ($8,525)
For my income, my net worth is close to but lower than the
median net worth for my income range ($301,475)
Not bad, but room for improvement.
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