challengeclub's Net Worth for January 2005


Assets Value Change ($) Change (%)
Savings $0 - -
Stocks $0 - -
Superannuation $30,000 $30,000 -
House $0 - -
Investment Property $0 - -
Cars $0 - -
Personal Property $0 - -
Rental Bond $0 - -
$30,000 $30,000 -
 
Debts Value Change ($) Change (%)
House Mortgage $0 - -
IP Mortgage $0 - -
Credit Cards $0 - -
Other Debts $30,000 $30,000 -
Total Debts $30,000 $30,000 -
Net Worth - - -
*All values shown in AUD ($)
Notes:
INITIAL HISTORICAL ENTRY

Bank balance and cash was negligible in Jan 2005 however Super was $30K approx (ie have record of $26K in June 204 and $34K in June 2005)
But offsetting that I had a Personal Loan of $30K (had just consolidated all previous debts in Dec 2004)
So effectively had ZERO to start and at age 35
Not good at all
Should have had so much more by 35, let's say at least $100K

Started late but as this is entered here retrospectively, the good news is that at almost 20 years later (2024) I did do ok after all
Looking forward to seeing Jan 2025 figure
So it's never too late for anyone, even 35 year olds, to start again

Note: Was a bit more than zero if count car and personal property, but I will ignore these just like bank account which was minimal

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