Net Worth January 2010

Our latest net worth check

DEBT:

House:  $115,976.02
Car #1:  $19,920.34
Boat:  $33,971.51
My Student Loans:  $51,637.15
R's Student Loans:  $43,867.71
Discover:  $4,417.12
Citibank:  $2,831
Cabin:  $268,439.02
Total Debt:  $538,228.87

ASSETS:
Kids 529 Plan:  $5,943.41
Blue Chip Mutual Fund:  $9,319.34
ING Direct Savings:  $210.00
Growth and Income Mutual Fund:  $3,894.08
NW Mutual TSA:  $3,436.55
My State Retirement Account: $13,660.91
R's State Retirement Account:  $10,707.08
My State Retirement IAP:  $13,660.91
R's State Retirement IAP:  $15,563.78

Play $ (in Sharebuilder Stock Account):  $1,042.91
Roth IRA:  $5,030.20
Special Situations Fund A TSA:  $7,228.99
Investment Growth TSA:  $11,693.70
Select Growth TSA:  $10,095.58
Opportunity Mutual Fund:  $11,787.12
Growth Mutual Fund:  $14,681.38
Play $ #2:  $690.84
L's College Side Account:  $9,318.58
E's College Side Account:  $6,212.35
Kids College General Savings:  $752.36
It's Hit the Fan (Emergency Fund):  $10,049.40
Graduation Gift Accounts for Nieces/Nephews:  $715.69
House:  $147,000
Cabin:  $385,000
Boat:  $24,000
Car #1:  $21,055
Car #2: $19,680
Truck:  $4,000
Total Assets:  $777,729.19

Bottom Line Net Worth:  $ 239,500.32

It was interesting to compare the scenarios from 2005 and today. Cars and boats have come and gone, we added a cabin to our list and extensively remodeled our main home (all sweat equity). 

We've also added many work hours as I got a new job (CEO of a Governmental Agency) and continue to teach college classes and R added more coaching and some college teaching to his list as well. In general, we've sacrificed a lot of work to make the financial gains we have but I'd say they've been worth it. 

Now, we're off to see what 2010 brings!  We're facing pay cuts at both jobs as the economy is hitting states very hard and both of us are employed in state jobs (education) and our side jobs are also seeing the impact of the economy (as sports are being cut and we work for private colleges on the side which are more expensive than state Universities, and thus, face declining enrollment).  We'll just work hard and trust that the Lord will again guide us toward our best path...and dumb luck will cover what He doesn't.