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Net Worth Update:
April, 2019

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Sadie QS Creative Author Founder live your best life through intentionality

By Sadie

Each month I evaluate our net worth. I don’t use the most conventional method for determining net worth. Usually you take all of your assets, including the saleable value of your items, and minus the liabilities. I don’t exactly do that. I start by calculating my assets (cash, savings, investments) and I do not include the value of items such as my car. I don’t include them because I view my vehicle as a tool, it will only depreciate, and I don’t intend to sell it. If I have equity in a residence, I would include that however. Then I calculate my liabilities (debt including loans and credit card balance) and minus this amount from my assets. This gives me mine and my husband’s net worth: all of our assets and all of our debt. I track it monthly to keep motivated and to see whether I’m improving. I use an app called “Wealth+” to input my numbers. It’s a simple tool I enter data into. It’s not tied to my accounts or anything. At the time of writing this post, Personal Capital is not available in Canada. This is our net worth for April, 2019.

Assets (+$21,542)

Bank Accounts: $10,975

Investments: $10,567

Liabilities (-$48,815)

Credit Cards: $1,065

Loans: $47,750

Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$27,273

This is a change of +$6,933 and an increase of 20% net worth over the last month. This is one of the biggest improvements so far this year. I’m looking forward to checking in next month, see you there!


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