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 - -
Personal Property $0 - -
Other Assets $0 - -
Rental Bond $0 - -
$30,000 $30,000 -
 
Debts Value Change ($) Change (%)
House Mortgage $0 - -
IP Mortgage $0 - -
Credit Cards $0 - -
Car Loans $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
But offsetting that I had a Personal Loan of $30K (just consolidated all 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 over 20 years ahead I did do ok after all
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 these were negligible same as bank account

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