PoP Balance Sheet – June 2012

Current PoP family balance sheet as of the end of June 2012.

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Assets

Stock Accounts

  • 401K accounts: $63.9
  • Roth IRA accounts: $86.2
  • Non-Retirement Stock Accounts: $0.6
  • Total Stock Accounts: $150.7

Real Estate (based on current market comparable sales)

  • Primary Residence $170
  • Investment Duplex: $70
  • Investment Residential Land: $80
  • Total Real Estate: $320

Cars (values from Kelly Blue Book)

  • Car 1: $8.9
  • Car 2: $13.1
  • Total Cars: $22.0

Cash Holdings

  • Checking Accounts: $8.9
  • Savings/Money Market Accounts: $16.3
  • Total Cash Holdings: $25.2

Total Assets: $517.9

;

Liabilities

Real Estate Backed Loans

  • Primary Mortgage: $108.0
  • HELOC on Investment Duplex: $35.5
  • Total Real Estate Backed Loans: $143.5

Personal Loans (Unsecured)

  • Personal Loan from Family Members: $50.0
  • Total Personal Loans: $50.0

Car Loans

  • Car 1: $0.0
  • Car 2: $8.4
  • Total Car Loans: $8.4

Revolving Credit

  • Credit Card Balance: $0.8
  • Total Revolving Credit: $0.8

Total Liabilities: $202.7

Net Worth = Assets – Liabilities

Net Worth = $315.2

Our IRA balances are down a bit from the last check almost 6 weeks ago, which isn’t that surprising given the roller coaster ride that the stock market has been on during that time. All in all, we made some progress on the net worth mostly by cutting into those liabilities by making a lump payment to the HELOC of $2,500 to the principal and continuing our normal debt payoff schedule elsewhere.

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