I usually update my networth the day after I paid my car loan of current month. Now, it is the time again. I am happy to see my networth breaking the $50,000 level this month, which means I hit my goal.
My total networth has increase by 5.64% from last month, or $2789 in total. Here is the number:
Assets:
Cash: $9363 (+2.78%)
Stocks: $18631 (+3.20%)
Retirement: $18300 (+11.04%)
Car: $26700(-1.11%) Yes, I consider my car an asset of mine, but a depreciated one at a fixed amount of $300 per month. :)
Debts:
Car loan: $20754 （-2.07%）
Total NetWorth: $52240 (+5.64%)
8 years ago
2 Comments:
Instead of decreasing your car value by $300 per month why not use the Canadian Black Book to figure your car's estimated value?
Several dealer websites have links to appraise your trade-in. Here's Toyota's link:
http://www.toyota.ca/NWS/english/confighelp/appraise_tradein_vehicle.html
Hi, David
Thank you for the suggestion. The reason why I do not use the trade-in value of Canadian Black book is that it is the estimated value if I sell my car now. I plan to drive my car for around 8 years. So $300 per month will be the approximated value of the depreciation.
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