Comments on: Personal Balance Sheet, May 2006 ($49,510, -0.56%) http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: NewlyMinted.com » My Personal Balance Sheet http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-29441 NewlyMinted.com » My Personal Balance Sheet Thu, 22 Jun 2006 23:29:22 +0000 http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-29441 [...] I spent the better part of my morning creating a balance sheet that would allow me to check my account balances for the next 12 months.  I must say that it is pretty enlightening: my student loan balance is killing me, and for some reason my net worth has been flat over the last year even though I wasn’t making $55,000 a year ago.  What does this tell you?  Exactly.  But in my defense, I do have a considerable amount of hospital bills.  If you’d like to make one yourself, just recreate the template here. [...] [...] I spent the better part of my morning creating a balance sheet that would allow me to check my account balances for the next 12 months.  I must say that it is pretty enlightening: my student loan balance is killing me, and for some reason my net worth has been flat over the last year even though I wasn’t making $55,000 a year ago.  What does this tell you?  Exactly.  But in my defense, I do have a considerable amount of hospital bills.  If you’d like to make one yourself, just recreate the template here. [...]

]]> By: » Millionaires Invest in Cash But Watch Stocks » Consumerism Commentary: A Blog About Personal Finance http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-28862 » Millionaires Invest in Cash But Watch Stocks » Consumerism Commentary: A Blog About Personal Finance Tue, 20 Jun 2006 14:10:04 +0000 http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-28862 [...] Based on my May balance sheet, I have $40,381 invested in mutual funds (almost completely equity funds) and ETFs and $19,342 in investable cash. My cash position is 32%. That’s probably too high when looking at the long-term picture, but much less than that wouldn’t provide me with an emergency cushion. [...] [...] Based on my May balance sheet, I have $40,381 invested in mutual funds (almost completely equity funds) and ETFs and $19,342 in investable cash. My cash position is 32%. That’s probably too high when looking at the long-term picture, but much less than that wouldn’t provide me with an emergency cushion. [...]

]]> By: Mike Steele http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-28490 Mike Steele Sun, 18 Jun 2006 15:32:04 +0000 http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-28490 You've probably got another two to five thousand in other assets --- like that bike you just aquired. For many people on the planet, their household cooking pot (yes pot, not pots) is a major family asset. Incidentally, you might underline for others at your stage of life that it is better to pay off the credit card debt than the student loan debt. There is no 'investment' available to anyone that is any better than retiring credit card debt. You’ve probably got another two to five thousand in other assets — like that bike you just aquired. For many people on the planet, their household cooking pot (yes pot, not pots) is a major family asset.

Incidentally, you might underline for others at your stage of life that it is better to pay off the credit card debt than the student loan debt. There is no ‘investment’ available to anyone that is any better than retiring credit card debt.

]]> By: » American Total Net Worth (and Debt) Increasing Fast » Consumerism Commentary: A Blog About Personal Finance http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-20654 » American Total Net Worth (and Debt) Increasing Fast » Consumerism Commentary: A Blog About Personal Finance Fri, 09 Jun 2006 18:29:52 +0000 http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-20654 [...] If you add up the net worth statements (balance sheets) of all households, like my most recent update [...] [...] If you add up the net worth statements (balance sheets) of all households, like my most recent update [...]

]]> By: James http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-19361 James Sat, 03 Jun 2006 17:38:34 +0000 http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-19361 Hey CC, No worries. Good for you for paying off more if your student loans. Its the nature of building networth that it will fluctuate from time to time. Best, James Hey CC,

No worries. Good for you for paying off more if your student loans. Its the nature of building networth that it will fluctuate from time to time.

Best,

James

]]> By: » Personal Income Statement, May 2006 (Net Income: $2,291) » Consumerism Commentary: A Blog About Personal Finance http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-19153 » Personal Income Statement, May 2006 (Net Income: $2,291) » Consumerism Commentary: A Blog About Personal Finance Sat, 03 Jun 2006 03:55:16 +0000 http://www.consumerismcommentary.com/2006/06/02/personal-balance-sheet-may-2006-49510-056/#comment-19153 [...] Despite my net worth showing a decrease in May, I spent substantially less than my income. That doesn’t mean things are perfect. Take a look at the (extended) numbers. [...] [...] Despite my net worth showing a decrease in May, I spent substantially less than my income. That doesn’t mean things are perfect. Take a look at the (extended) numbers. [...]

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