challengeclub's Net Worth for May 2023

Assets	Value	Change ($)	Change (%)
Savings	$33,700	$4,100	13.85%
Stocks	$195,500	($3,400)	(1.71%)
Superannuation	$172,800	($3,000)	(1.71%)
House	$736,000	-	-
Investment Property	$300,000	-	-
Cars	$0	-	-
Personal Property	$0	-	-
Rental Bond	$2,200	-	-
Total Assets	$1,440,200	($2,300)	(0.16%)

Debts	Value	Change ($)	Change (%)
House Mortgage	$126,600	-	-
IP Mortgage	$129,100	($200)	(0.15%)
Credit Cards	$5,000	-	-
Total Debts	$260,700	($200)	(0.08%)
Net Worth	$1,179,500	($2,100)	(0.18%)
^*All values shown in AUD ($)

Notes:
MAY 2023 SAVINGS Includes half of joint IP bank account All other bank accounts of mine plus all of the joint working account Plus all cash on hand $33700 STOCKS Stocks is holdings (and any cash in broker accounts) with all broker accounts (mine and wife - even though hers is only for her not us) $195500 Property: IP Apartment: $600K value Half only applies ie $300K Mortgage is now being reduced each month - currently $258264 and half of that is $129132 HOUSE House Build: Deposit/Payments to Builder for House Build = $286000 now After spend on furnishing will count some of the value of these (then) as Personal Property Land: Settled - Owned Outright Latest 400m2 vacant land Sales indicate $450K So total value is $736000 at this (in progress) stage Will likely top out at $900K once builder done Mortgage: $126608 now - finally started the mortgage (will expand to $280000) When House completed will simply have $280000 mortgage (or less if Inna puts in but I will then have other debt to her) And House to be market valued - probably around $900-950K Because lots of new furniture/appliances - will then count the value of personal property at sale price Probably continue to not count cars? ------------------------------------------------------ COMMENTS Amazingly looking at the last 3 years I've now exploded up almost $1M from the low point balance in early 2020 And that is around 300% Of course it will slow down as will have to sell some investments down in the years ahead to clear debt on house fully, and then plan to stop working and enjoy the years ahead If I kept working though and let the investments grow I think the networth would never decline But that's not the goal, it is all a means to an end - I want to not work in the years ahead

Notes:

MAY 2023

SAVINGS
Includes half of joint IP bank account
All other bank accounts of mine plus all of the joint working account
Plus all cash on hand
$33700

STOCKS
Stocks is holdings (and any cash in broker accounts) with all broker accounts (mine and wife - even though hers is only for her not us)
$195500

Property:

IP

Apartment:
$600K value
Half only applies ie $300K
Mortgage is now being reduced each month - currently $258264 and half of that is $129132

HOUSE

House Build:
Deposit/Payments to Builder for House Build = $286000 now
After spend on furnishing will count some of the value of these (then) as Personal Property
Land:
Settled - Owned Outright
Latest 400m2 vacant land Sales indicate $450K

So total value is $736000 at this (in progress) stage
Will likely top out at $900K once builder done

Mortgage:
$126608 now - finally started the mortgage (will expand to $280000)

When House completed will simply have $280000 mortgage (or less if Inna puts in but I will then have other debt to her)
And House to be market valued - probably around $900-950K

Because lots of new furniture/appliances - will then count the value of personal property at sale price

Probably continue to not count cars?

------------------------------------------------------

COMMENTS

Amazingly looking at the last 3 years I've now exploded up almost $1M from the low point balance in early 2020
And that is around 300%
Of course it will slow down as will have to sell some investments down in the years ahead to clear debt on house fully, and then plan to stop working and enjoy the years ahead
If I kept working though and let the investments grow I think the networth would never decline
But that's not the goal, it is all a means to an end - I want to not work in the years ahead

challengeclub's Net Worth for May 2023

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