Comments on: December 2007 Review – Assets +2.3%, Debts -1.1%

By: ShootDawg

ShootDawg — Mon, 07 Jan 2008 01:34:23 +0000

Here is the link to how Trent is tracking his debt/assets..

http://www.thesimpledollar.com/2007/03/02/building-your-own-monthly-net-worth-calculator-using-a-spreadsheet/

I would like to know how to calculate the asset value of the house? Possibly taking the latest assessed value, minus the remaining mortgage balance? I know this does not take into the account the interest you pay towards the mortgage loan

By: miguel

miguel — Sun, 06 Jan 2008 20:43:40 +0000

Jason

I’m with you on the market. My retirement accounts have been flat for several weeks now, even though I am putting in a lot of money.

Like you I have my eye set on the longterm, but it’s hard to remember a dip in the markets is a good for a young investor when your “loosing” thousands of dollars.

By: PEC

PEC — Sun, 06 Jan 2008 20:40:34 +0000

Trent, I have my 2008 spending plan finished and have subtracted all my fixed expenses from my projected income from now until the end of the year. How do I calculate my impact on debt monthly?..it would be helpful to see the results on a monthly basis in percentage rather than dollars.

Thanks

Philip

By: Sam Carrara

Sam Carrara — Sun, 06 Jan 2008 19:55:37 +0000

It’s awesome that you are tracking your assets and debts and sharing your insights. Looks like you are going in the positive direction.
Keep it up,
Sam

By: SingleGuyMoney

SingleGuyMoney — Sun, 06 Jan 2008 19:30:53 +0000

Good Job Trent!

By: WarFighte

WarFighte — Sun, 06 Jan 2008 17:15:57 +0000

Good morning,

I found your web site by accident. I was reading a editoral against rich dad poor dad i agreed with it and it was yours. I then went to your website. Which brings me to my question.

Can you explain how you came up with the Debt assest plus and minus numbers? I like the idea of not using actual dollar figures. Can you explain the methodology?

Thanks,

WarFighter

By: Jason

Jason — Sun, 06 Jan 2008 14:51:37 +0000

Great job, Trent. It’s tough to see any asset growth in this market. Tracking my retirement savings balance every night looks like a roller coaster ride. If you don’t have a long-term perspective, these ups and downs will have you in knots. We spent a little more on Christmas than we intended, but the silver lining is we added no new debts, something we failed to accomplish in holidays past.

By: The Saving Freak

The Saving Freak — Sun, 06 Jan 2008 14:24:53 +0000

I was just wondering if this included debt on your house? We have finished all unsecured debt and only have the house left. This is a much slower process so I only see a small percentage of debt leaving while I am making good payments to reduce the length of my loan.