You will note on the right side of the screen I have "net deficiency" - this is the difference between the cash I have and the amount I owe.
I do own assets, however the point of the figure is not to show my net worth.
I own a car, which I have left with my Mum before I moved as her car is 20 years old and won't be lasting much longer! I walk to work and am in an area where there are quite a lot of buses.
I also own a house with my brother which we rent out to uni students. It is mortgaged, but the amount of rent more than covers the mortgage (just!) but pretty much any extra goes on other house expenses.
My superannuation is about $10,000 .... got a lot of years of work left in me!
Subscribe to:
Post Comments (Atom)
1 comment:
Nothing like a good background.
Post a Comment