challengeclub's Net Worth for December 2021


Assets Value Change ($) Change (%)
Savings $459,000 $22,400 5.13%
Stocks $119,400 ($13,200) (9.95%)
Bonds $34,700 - -
Superannuation $174,100 $3,200 1.87%
House $0 - -
Investment Property $300,000 - -
Cars $0 - -
Personal Property $0 - -
Other Assets $8,800 ($19,400) (68.79%)
$1,096,000 ($7,000) (0.63%)
 
Debts Value Change ($) Change (%)
House Mortgage $0 - -
IP Mortgage $133,500 - -
Credit Cards $0 - -
Total Debts $133,500 - -
Net Worth $962,500 ($7,000) (0.72%)
*All values shown in AUD ($)
Notes:
DECEMBER 2021


CASH
Cash includes half of joint IP bank account
All other bank accounts of mine plus all of the joint working account
Plus all cash
Excludes wife's savings


STOCKS
Stocks is holdings (and any cash in accounts) with all 3 broker accounts


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


CARS
Decide to drop these now as approach $1M mark it doesn't make sense to really count these as assets any more


PERSONAL PROPERTY
Same as comment on Cars


CRYPTO
In both exchange accounts plus fund account
(Parked under Other Assets)


REAL ESTATE

Apartment IP:
$600K value

Land:
Land should be settled in late DEC and will be paid for in cash (finally release the long held cash). There will be costs with this but overall Networth will go up because the land is now worth more than contract price
***This will not be entered until JAN 2022 Entry - reduce cash balance and deposit bond and pay fees too but will add value of the land as more like $400K (based on latest release for equivalent lots which are all sold now) so Networth will be up even more***

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Getting close to $1M networth (individually rather than jointly is still over a year away however - when house is done) and expect to cross it in the JAN 2022 entry. Of course the traditional measure of $1M outside of house is probably years away still!

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