December 2017 Net Worth and Wrap Up

Spoiler alert my net worth went up over $15,000 in a year!!!

Below is my net worth for December 2017:

I was fortunate to have a HUGE swing for November/December. The Kemba Car loan had some interesting things happen and now has disappeared! The cosignee who owned the car actually returned it, meaning we both became liable for payment. Luckily the loan was cut in about half since the car was sold. On top of that, I was able to take a 0% loan from bank of Mom and Dad for $3500 to cover this loan and be done with Kemba. In the spirit of optimization, I asked if we could settle for $3000. So that loan was settle for $3000 and now all I have to worry about is a $3500 loan for Mom and Dad (and will hold on to the $500 until tax time as per their request).

Below is the usual progress chart and here is 1 full year of net worth reports. My net worth went from -$43,024 to -$27,690. So in one year I was able to increase my net worth by $15,334!

 

 

 

 

 

 

 

 

 

Here’s a breakdown of my assets, liabilities and net worth from December 2016 to December 2017.

 

 

 

So there you have it. In 1 year I paid off over $10,000 in debt and increased my savings over $5,000! Overall a good year.

Comments (2)

  1. Kristine

    Quite an accomplishment! Congratulations! A lot of hard work went into this win 🙂

    Reply
  2. Tread Lightly, Retire Early

    Seriously impressive on that income. And it must be a huge weight off to have that car loan squared away, though still frustrating that you’ll be the one to pay it off in the end.

    Reply

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