Dude, where’s my negative net worth?

I’ll tell you where it is… gone and hopefully never coming back! I finally made it in to the positive net worth territory. HECK YEAH! I’m officially worth more than I owe…754 dollars more to be exact. It feels so good to know that I could die tomorrow and my parents would be left with a small fortune (I know real small) after my debts were paid off. Hopefully that doesn’t happen anytime soon though šŸ™‚ So here it is the beautiful graph where the red dot finally crossed the threshold and made it in to the positive territory.

*click the image to make larger*
I think I’llĀ celebrateĀ this momentousĀ occasion by not spending any money and running around in circles screaming “I’m worth something!” Maybe I should set a goal of never letting that red dot find itself in negative territory again?Ā I know that may be optimistic, but I think it’s possible as long as I play my cards right. I have been tracking my budgets and expenses for quite a while now, but following my net worth is a relatively new world , and I gotta say I love it.

I haven’t really considered the idea of establishing net worth goals for my future either, but am beginning to think that might not be such a bad idea. Do any of you track your value on a regular basis? Do you make assumptions and predictions to what you’ll be worth 1, 2, and 5 years down the road? Do you even know what your net worth is? Or better yet do you like penguins named Philip? (just wanted to make sure you’re still paying attention)

Oh and if you are wondering why there is such a large jump in my worth from 04/08 to 05/08, it was because that was the month I figured out how to include my 401K investments in to Quicken.

I got a dollar, I got a dollar, I got a dollar hey, hey, hey, hey.

7 thoughts on “Dude, where’s my negative net worth?

  1. Great job! I track our net worth every month! It’s fun to go back and keep track of things and look at where you were. Not so much the last couple of years since I’m down about 40% from the highs, due to the stock and housing market tanking. But there are nuggets of good news that make me believe we’re still headed down the right path.

    Look forward to additional updates.

  2. Congratulations to you! I also track my net worth, its not the positive area but the good thing is that it is getting there. By the time you know it, it will hit 5 digits and up. Woo-hoo!!
    PS I like penguins named Skipper, Kowalski, Private and Rico!

  3. Very inspiring! My wife and I still have a long way to go, but I always love seeing other people accomplishing their goals! Great work!

  4. Money Beagle– I agree it is fun to track and reflect on my net worth. Does that make us dorky for thinking it’s fun to see our net worth? If it does I don’t care. Although my investments are also down 40% it didn’t affect my worth too terribly as I had just started investing when the market collapsed.

    Skeeter– Thanks. I can’t wait for the day that my worth hits 5 figures and eventually six and hopefully 7! And I love Madagascar!

    Baker– You’ll find your way in to the positive territory soon enough. I was fortunate that my debt was astronomically high and that I landed a good job out of college. Keep on keepin’ on and I can’t wait to see your net worth increase!

  5. Thats awesome man. Congratulations. I track my net worth on a fairly regular basis but it’s kinda depressing for me since I am still in school and it just continues to go into the red instead of out of it.

    Hopefully when the schooling is all over, the net worth will rise at a faster rate than what it fell at.

    Again, way to go.

  6. I do not track my net worth. I know its positive and thats what counts. šŸ™‚

    CONGRATULATIONS!!!!!!!! This is great news.

    In Canada your student loans will only be forgiven if you die. Isn’t that a pretty thought!?

    P.S I always do the “I have a dollar” dance too!

  7. Congratulations on beating the debt monkey off of your back.

    I keep track of my net worth, but I’m not OCD about it.

    It’s way more important to track your expenses to ensure that you are spending less than you earn. That way you won’t have to worry about falling back into debt.

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