Net Worth Update

On January 18, 2011 I decided to start a new way to track my net worth.  I created a private spreadsheet and zeroed out my net worth.  This way I can share my progress each month, going forward without revealing how much is in my savings account, 401(k), etc.

What assets am going to include:

What liabilities am I going to include:

What is missing?

  • Credit Card debt – Don’t have any except a revolving AMEX account so no reason to put it up
  • Checking Accounts – Always changing and moving kept low on purpose so no reason to track it
  • Cars – I have no idea why people count cars as an asset.  Its transportation not an asset.
  • Jewelry – I joke that The Wife’s hand is worth more than my car…but there is NO way anything is being pawned/sold so why list it as an asset?

From February 1, 2011 to March 1, 2011 my net worth increased 5.88%

From January 18, 2011 to March 1, 2011 my net worth has increased 8.71%

While I am happy with these increases, I think I can do better.  The reason I believe I can do better is because half of my increased net worth is based on non-market factors.  Approximately half of my gain is based solely on decreasing my large liabilities, so if I could speed up repayment even more then my net worth would increase that much faster.

Why do Some People Sell Their E-Book?

There has been a topic that has been bugging me for months but it isn’t enough for a complete post so I’ll throw it in with my net worth update.  I don’t understand why some people try and sell e-books?

For example, I received this email a couple days ago.

I was looking to get into the market, read all about it, was keeping up with technology and the news, had newsletters that would reco big deals(usually didn’t work out though). Then I found This Penny Guru Newsletter No Lie, i’ve been steadily pulling 225-250% ROI on the picks i’ve gone it. don’t take my word check it out for yourself!
It may not be too late. Let us be armed, the same as we were the other night,

Ignoring the nonsensical nature of the e-mail…if you are getting 225 – 250% ROI why the hell do you need me or even care if I buy your shitty e-book for $29.95?

Granted, that was an extreme example but how many “I will teach you how to be wealthy” e-books do see advertised on a blog written by someone with $82,000 in credit card debt?  Then there are the “I will Teach You How to Blog” e-books, and at least these aren’t bad since they are teaching a commoditized skill but some make ridiculous claims.

Are there good e-books out there on buying stocks, building wealth and building a monetized blog? 100% but just be careful who is making the claims and what are those claims.  Caveat Emptor.