challengeclub's Net Worth for June 2023

Assets	Value	Change ($)	Change (%)
Savings	$37,800	$4,100	12.17%
Stocks	$235,400	$39,900	20.41%
Superannuation	$177,500	$4,700	2.72%
House	$845,600	$109,600	14.89%
Investment Property	$300,000	-	-
Cars	$0	-	-
Personal Property	$0	-	-
Rental Bond	$2,200	-	-
Total Assets	$1,598,500	$158,300	10.99%

Debts	Value	Change ($)	Change (%)
House Mortgage	$236,200	$109,600	86.57%
IP Mortgage	$128,900	($200)	(0.15%)
Credit Cards	$0	($5,000)	-
Total Debts	$365,100	$104,400	40.05%
Net Worth	$1,233,400	$53,900	4.57%
^*All values shown in AUD ($)

Notes:
JUNE 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 $37800 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) $235400 Property: IP Apartment: $600K value Half only applies ie $300K Mortgage is now being reduced each month - currently $257750 and half of that is $128875 HOUSE House Build: Deposit/Payments to Builder for House Build = $395600 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 $845600 at this (in progress) stage Will likely top out at $900K once builder done Mortgage: $236173 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 $900K Because lots of new furniture/appliances - will then count the value of personal property at sale price ------------------------------------------------------ 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:

JUNE 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
$37800

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)
$235400

Property:

IP

Apartment:
$600K value
Half only applies ie $300K
Mortgage is now being reduced each month - currently $257750 and half of that is $128875

HOUSE

House Build:
Deposit/Payments to Builder for House Build = $395600 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 $845600 at this (in progress) stage
Will likely top out at $900K once builder done

Mortgage:
$236173 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 $900K

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

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

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 June 2023

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