Comments on: Net Worth – Oct 2007 Update http://blog.canadian-dream-free-at-45.com/2007/10/31/net-worth-oct-2007-update/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Net Worth Update - Dec 2007 http://blog.canadian-dream-free-at-45.com/2007/10/31/net-worth-oct-2007-update/comment-page-1/#comment-2403 Net Worth Update - Dec 2007 Wed, 02 Jan 2008 13:03:43 +0000 http://blog.canadian-dream-free-at-45.com/?p=259#comment-2403 [...] Therefore my net worth now stands at $215,000 for the end of 2007. That is an increase of +$13,700 or 6.8% from my last update. [...] [...] Therefore my net worth now stands at $215,000 for the end of 2007. That is an increase of +$13,700 or 6.8% from my last update. [...]

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2007/10/31/net-worth-oct-2007-update/comment-page-1/#comment-1313 Canadian Dream Thu, 01 Nov 2007 03:28:18 +0000 http://blog.canadian-dream-free-at-45.com/?p=259#comment-1313 Warren, My home value is based on the market value minus 8%, which is to cover closing costs and selling at 5% below market value if I decide to cash out my home. I decide market value by trying to find a similar home that is recently listed in my area. This month was a bit hard to find something, so I just left it alone. Actually the 2.5% rise would be over two months. It's not great, but I'm sitting on an over sized chequing account balance right now which I don't include in the calculation. The reason is I'm in the process of changing pay cycles (from bimonthly to biweekly), so I'm leaving a bigger cushion there until the dust settles. I hope that explains things. Tim Warren,

My home value is based on the market value minus 8%, which is to cover closing costs and selling at 5% below market value if I decide to cash out my home. I decide market value by trying to find a similar home that is recently listed in my area. This month was a bit hard to find something, so I just left it alone.

Actually the 2.5% rise would be over two months. It’s not great, but I’m sitting on an over sized chequing account balance right now which I don’t include in the calculation. The reason is I’m in the process of changing pay cycles (from bimonthly to biweekly), so I’m leaving a bigger cushion there until the dust settles.

I hope that explains things.

Tim

]]> By: Warren http://blog.canadian-dream-free-at-45.com/2007/10/31/net-worth-oct-2007-update/comment-page-1/#comment-1310 Warren Wed, 31 Oct 2007 21:51:36 +0000 http://blog.canadian-dream-free-at-45.com/?p=259#comment-1310 How do you assess your home value? There are many schools of thought, but its best to be overly conservative on any real estate, I noticed it was at $199k in Dec 06. Otherwise good work, 2.5% in a month isn't too shabby! How do you assess your home value? There are many schools of thought, but its best to be overly conservative on any real estate, I noticed it was at $199k in Dec 06.

Otherwise good work, 2.5% in a month isn’t too shabby!

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