challengeclub's Net Worth for March 2023

Assets Value Change ($) Change (%)
Savings $33,200 ($43,400) (56.66%)
Stocks $194,700 $50,000 34.55%
Superannuation $179,000 - -
House $786,000 - -
Investment Property $320,000 - -
Personal Property $0 - -
Other Assets $0 - -
Rental Bond $2,200 - -
$1,515,100 $6,600 0.44%
Debts Value Change ($) Change (%)
House Mortgage $126,600 - -
IP Mortgage $129,300 ($200) (0.15%)
Credit Cards $5,900 ($100) (1.67%)
Car Loans $0 - -
Other Debts $0 - -
Total Debts $261,800 ($300) (0.11%)
Net Worth $1,253,300 $6,900 0.55%
*All values shown in AUD ($)
MARCH 2023

Includes half of joint IP bank account
All other bank accounts of mine plus all of the joint working account
Plus all cash on hand

Stocks is holdings (and any cash in broker accounts) with all broker accounts (mine and wife - even though hers is only for her not us)

Wife added $50K of savings into Stocks



$640K value
Reassessed now based on recent sales of around $660K
Half only applies ie $320K
Mortgage is now being reduced each month - currently $258959 and half of that is $129480


House Build:
Deposit/Payments to Builder for House Build = $286000 now
After spend on furnishing will count some of the value of these (then) as Personal Property
Settled - Owned Outright
Latest 400m2 vacant land Sales indicate $500K

So total value is $786000 at this in progress stage

$126608 now - finally started the mortgage (will expand to $280000)

When House completed will simply have $280000 mortgage (or less if Inna puts in but I will then have other debt to her)
And House to be market valued - probably around $900-950K

Because lots of new furniture/appliances - will then count the value of personal property at sale price

Probably continue to not count cars?



Amazingly looking at the last 3 years I've now exploded up almost $1M from the low point balance in early 2020
And that is around 300%
Of course it will slow down as will have to sell some investments down in the years ahead to clear debt on house fully, and then plan to stop working and enjoy the years ahead
If I kept working though and let the investments grow I think the networth would never decline
But that's not the goal, it is all a means to an end - I want to not work in the years ahead