Thursday, February 08, 2007

January networth report pending est. net worth gain +$34k

January's net worth report is pending.
Makingourway's networth increase guidance is +$34,000 for the month of January.
Please keep in mind that this is before completion of accouning adjustments, etc....
Detais and a correct number will follow this weekend.

Regards,
makingourway

2 comments:

Srini & Deepa said...

Hello Makingourway,

Thanks for opening up your financial life for everybody to follow up on your success.
Got a quick question;
When you calculate your networth, you obviously include your house price. Where do you derive this price from? Local realestate comparable sales or from websites like zillow.com, etc?

Thanks and keep up the good work.

makingourway said...

Srini and Deepa,

Actually, I'm using the original purchase price from a year ago as the value of the home.

Using comps would be more accurate - if not the most accurate. However, Zillow can give you an idea.

Zillow does not cover my part of rural nC.

So, at this point, my home valuation is a year out of date and does not reflect market reality +/-. I would like to think that it has gone up, but you never know.

I don't have time now to pull comps and I don' want our local realtor thinking I'm selling - we live in too small a town - too much gossip.

Regards,
makingourway