challengeclub's Net Worth for July 2021

Assets Value Change ($) Change (%)
Savings $408,000 $21,000 5.43%
Stocks $163,300 $94,700 138.05%
Bonds $34,700 - -
Superannuation $165,300 $3,400 2.10%
House $0 - -
Investment Property $275,000 - -
Cars $10,000 $2,500 33.33%
Personal Property $10,000 ($5,000) (33.33%)
Other Assets $15,200 $15,200 -
$1,081,500 $131,800 13.88%
Debts Value Change ($) Change (%)
House Mortgage $0 - -
IP Mortgage $133,500 - -
Credit Cards $0 - -
Other Debts $49,900 $49,900 -
Total Debts $183,400 $49,900 37.38%
Net Worth $898,100 $81,900 10.03%
*All values shown in AUD ($)
JULY 2021

New Financial Year
Combining most assets now as one entity (Couple)

Cash includes half of joint account with Robert
All my bank accounts
Now ALL of joint account with Inna
My Cash notes
Now ALL of Inna's bank accounts and cash (estimated) / Excludes business value (unknown) and OS investments (unknown)

Stocks is holdings (and any cash in accounts) within ANZ
Plus all holdings and cash within CommSec on Margin Loan (with ML counted as Liability under Other Debts)
Now ALL of holding plus cash within Westpac (In Inna's name but clearly jointly funded and will be used for House plus joint retirement)

Bonds is Rental Bond $2200
Plus Land Deposit for House $32500
Bonds: $34700

Now both combined and assumed as $10K

Reduced to $10K (this will be increased once set up house in future)

Is new asset under Other Assets

Assume value of the IP is still only $550K
Land should be settled in October (delayed slightly) and will be paid for in cash - there will be costs with this but overall networth will go up because the land is now worth more than contract price - all to be adjusted then once settled
Will reduce cash balance and deposit bond and pay fees to but will add value of the land as more like $380K (based on latest release for equivalent block) so networth will be up more