My Net Worth

I have decided to post my net worth as it currently stands, and to be frank, it’s not as rosy as a picture as I would like it to be.  I know that there’s some debts I have, but seeing this number made my stomach turn.

According to my calculations, my current net worth is $ -13,151.07! Like most people, i’ve got student loans to thank for that, but they amount to about 9k of my 15k debt.  However, I do have some things in the works that will help me lower this number rather quickly, and Im still looking to be consumer debt free by january 1, 2010.  I’m not too sure if it’s possible or not, but I’m shooting for it anyway.  I would prefer not to drain my savings to be debt free, in case there is an emergency.

I hope all you readers have a rosier net worth situation than I do, and I hope you can follow me on my path to a net worth of $0!!!!!!!


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About Jeff

Jeff is the founder of sustainable life blog and has been interested in sustainability for most of his life. After realizing in 2007 that his finances were a total wreck, he started reading financial blogs and quickly realized that what is best for your wallet is typically better for the earth, and is usually healthier. On sustainable life blog Jeff shares his journey to a more sustainable lifestyle. For updates, subscribe by email or like us on facebook.

Comments

  1. Still, that’s a lot better than many students I know coming out of college. I have relatives that have close to $100,000 in student loans, and working at low paying entry level jobs. After the Health Care fiasco, I think the student loan situation in this country is the biggest rip-off there is.

    • Thanks for the Comment don. I was lucky with my student loan debt, and I think my parents for making me work a job (or sometimes 2) during school, but through all my hollering, they were probably right on the money. I dont want to think about the amount of debt that some people have. It’s astronomical. It’s worse now because of the recession, many people went to college with the notion that if the went to school, studied hard and worked hard, they would automatically land a ‘good’ job and would be able to pay back what they owe.
      Unfortunately, many are seeing that things dont really work like that.

  2. I know the feeling of carrying a lot of debt. I’m with Don, as I would say that your amount of debt is reasonable if you just got out of school.

    In addition to my full-time job, I would definitely seek out special projects that would make me a little extra on the side to help accelerate paying off my debt.

    Even now I’ve been debt free for a long time, I take on freelance assignments and bank the money in my savings.

    Ask yourself this question, once you get out of debt then what?

    • Kim
      I’m definitely looking for more work, but with the economy as it is, it’s been a bit more difficult than I have hoped. I think things are turning around, and i’m looking forward to that.
      Once I get out of debt, I’d like to strike out on my own and start a business. It’s something that I realized recently is a great idea and a good way to get what you want done.

Trackbacks

  1. Debt Update says:

    [...] from the degree I had just finished.  If you want to check my net worth at the time, head to this post (note: student loans were not counted in there because they were not in repayment [...]