Our net worth has hit $3 million and we’re retiring this week. 

April Fool’s!  Sorry, but I felt like I had to make at least a lame attempt…it’s tradition…

To get serious, we calculate our net worth as listed below.  We don’t include the value of our possessions, we round down to the nearest hundred for assets, and we round up to the nearest hundred for liabilities.

Assets
1. Cash – $24,500
2. Stocks – $12,400
3. Retirement – $34,500
4. Home – $130,000
5. Cars – $16,000

Liabilities
1. Home – $73,300
2. Car – $10,700  (We made an extra $1000 principal payment in mid-March, woot!)

Total Net Worth = $133,400
Increase/Decrease = Up $5300 from last month

I base the value of our home on two things: comparables selling in our neighborhood and the estimated appraisal by Chase Home Value Estimator.  I will always estimate low.

I base the value of our cars on Kelley Blue Book’s Private Party Value of our vehicles in “Good” condition truncated down to the nearest $1000.  For example, if my car is valued at $4600, I’d calculate that as $4000.

Please feel free to visit the archive to see our past net worths.