Starting Point: Net Worth – November 15, 2019

I think it’s best to start this journey by computing for my net worth. I was inspired by George of Forever 20-Something Lawyer to share my net worth every month.

I’ve been her blog’s lurker since 2017, when her net worth was still barely Php 2 million. This year, she reached her 4th million!


November 15, 2019

I procrastinated doing this because I was afraid of what I’ll see, but as you would expect, that didn’t me serve me well.

Cash (In Bank)88,700.06
Cash (On Hand)697.00
(List Price less Loan / 2)
– Stocks5,028.28
– Equity Fund18,945.56
Credit Card (55,518.00)
Personal Loan (82,587.52)
as of 11/15/19
Php 692,315.38

This is eye-opening and I wish I did it sooner. There are many purchases and financial decisions (ie lending money) I could’ve avoided or said ‘no’ to had I known I couldn’t afford it.


Cash and Investments

Cash requires no explanation. Most of mine is in the bank but I think I should keep Php 10,000 in the house for emergencies.

My investments amounting to Php 23,973.84 are all initial investments to equity funds and stocks. I’ve been dabbling in investments since 6 years ago, but I wasn’t consistent, and I sell them as soon as I reach a % of gains. I don’t know where the money went. Ok, I lied. It went to eating out and being vain. So I started again. This time around, I’ll avoid taking out the money.


My net worth is mostly attributable to the net asset value of the condo — Php 717,050.00 = List Price (Php 2,607,000.00) less Outstanding Loan (Php 1,172,000.00) / 2. I took out the mortgage for the condo 5 years before I got married. To simplify things, I just divided its net value by 2 now that it’s a conjugal property. I didn’t want to bother with accounting for the percentage of my contributions to the mortgage.


If we computed for my net worth with only my liquid assets, I would be in the red, Php -24,734.62.

The credit card debt is from several wedding and christmas gift purchases I incurred this month. This is something I will NEVER do again.

I am also paying off a personal loan (85% medical expenses) for Php 10,000+/month. I will be done with it by September 2020 but I’m contemplating if I should pay it off with my 13th month salary. I’ll have to check with the bank if it’ll cost me more than the interest.

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