Net Worth March 2005

This was our first net worth check.  What a reality check it was!

DEBT:

House:  $106,967
Car #1:  $26,000
Car #2:   8,066
Boat:  $26,561 (this is the boat we got because we co-signed on a loan, not an intended purchase!)
My Student Loans:  $52,000 (BA and MA)
R's Student Loans:  $52,000 (BA and MA)
Private Student Loan:  $26,000
Citibank:  $2,831
Total Debt:  $302,925

ASSETS:
Kids 529 Plan:  $1,800
Blue Chip Mutual Fund:  $3,121
ING Direct Savings:  $1,300
Mid Cap Mutual Fund:  $13,616.12
NW Mutual TSA:  $3,830
My State Retirement Account: $8,065
R's State Retirement Account:  $6,910
Play $ (in Sharebuilder Stock Account):  $217.43
Roth IRA:  $950
Special Situations Fund A TSA:  $3,911
House:  $125,000
Car #2:  $6,000
Car #1:  $18,000
Boat:  $26,000
Total Assets:  $218,720

Bottom Line Net Worth:  $ -84,205

As one can easily see, we weren't financial disasters, we had savings, we invested regularly, we didn't have crazy amounts of credit card debt, and we had good jobs. This fairly solid foundation allowed us to change in small steps to allow for progress that was measurable and significant in a fairly short amount of time.