State of the Money – May 2012

The balance sheet and the cash flow statement are two of the most important summaries of the financial health of a company… so here it is… The current PoP balance sheet. (All $ amounts are in thousands.)

Assets

Stock Accounts

  • 401K accounts: $59.6
  • Roth IRA accounts: $87.1
  • Non-Retirement Stock Accounts: $0.6
  • Total Stock Accounts: $147.3

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: $9.0
  • Savings/Money Market Accounts: $19.7
  • Total Cash Holdings: $28.7

Total Assets: $518.0

;

Liabilities

Real Estate Backed Loans

  • Primary Mortgage: $109.0
  • HELOC on Investment Duplex: $38.0
  • Total Real Estate Backed Loans: $147.0

Personal Loans (Unsecured)

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

Car Loans

  • Car 1: $0.0
  • Car 2: $8.6
  • Total Car Loans: $8.6

Revolving Credit

  • Credit Card Balance: $3.8
  • Total Revolving Credit: $3.8

Total Liabilities: $209.4

Net Worth = Assets – Liabilities

Net Worth = $308.6

dyerware.com


So that’s where we are. Cash Flow statement to come in a subsequent post, where we can talk more about where the money is coming from and going to. As well as what our burn rate is.

Cheers!

-The PoP’s

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