NET WORTH - One Year Results (Year Over Year):
Net worth change = +109%
Total asset change = +21%
Total Liability change = -5%
House Value / Total Assets - 2006 May = 83%.....2007 May = 77%
Debt/Asset* Ratio - 2006 May = 0.77........... 2007 May = 0.60
*Reader kindly pointed out it is actually asset not equity.
I am very pleased with our results this year, and I look forward to continuing on the path we are on. We are growing our assets at a phenomenal rate, and slowly shedding liabilities along the way. The less of our total assets that the house accounts for the better, and we have reduced this from 83% to 77%, which is great given the appreciation of our home during the year.