If you follow me on Twitter, you know that I’ve been experiencing some personal turmoil recently. Due to the incredible amount of emotional energy I’ve been putting towards dealing with the mess that is my life as of late, I’ve sort of neglected my money – and my blog – over the past couple of weeks. This must be why it only just occurred to me that I’ve reached another really important personal finance milestone: my net worth is finally positive!
Like, as in my assets exceed my liabilities – instead of the other way around, which is what I’m used to. I can’t believe it! Let’s see how the numbers break down:
- Pension (my contributions + interest) = $14,509.46
- Savings Account = $5,013.23
- Roth IRA = $498.40 (pitiful!)
- Total Assets = $20,021.09
- Student loan – $10,868.46
- Total Liabilities = $10,868.46
Net Worth = $9,152.63
Holy shit! How did this happen without my noticing?! Personal troubles aside, I think that when you’re so used to being deep in the hole you just kind of stop thinking in terms of net worth because, frankly, it’s too depressing. So you keep your head down, keep chucking money at your debts and at your savings accounts, then one day, just like that – your net worth is suddenly in the black!
This realization was a pretty nice pick-me-up, and now I’m thinking I might start regularly tracking my net worth here. What do you guys think?