Net Worth

I have been tracking my net worth as a motivational tool to eliminate all debts and to save for retirement since 2005 right after college. By sharing my net worth toward financial independence starting with a substantial negative net worth, I hope to show that by learning more about personal finance you can do this too!

At one point my total debts reach $333,118 when I still have two mortgages, a car loan, a home equity loan and student loans. Since then I have been trying to pay off all of my debts with only one income for a family of four as my wife has always been a stay-at-home mom.

I paid off my home mortgage in June 2015 and two months later I also paid off my car loan in August 2015. After ten years with student loan, I got rid of it in December 2015. Finally we became debt free in March 2016. For questions, you can join my Facebook Page and ask me anything.

So, How Do I Calculate the Net Worth?

Actually, it’s very simple! Net worth is assets minus liabilities. For my assets, I include cash and investments, home and other real estate, cars and other valuables that I own. Since I have no debts, my liabilities are essentially zero. Hence it’s very straightforward to calculate the net worth.

I have been using Personal Capital to see all my accounts together. Personal Capital updates all my bank accounts, investment accounts and credit cards. It also helps me to quickly update my Net Worth spreadsheet.

 

Monthly Net Worth Starting from 2005 to Present

2018 Net Worth:

2017 Net Worth:

2016 Net Worth:

2015 Net Worth: