Latest responses to “October 2009: Net Worth, Stock Loss, and New Home Update” Copyright 2013, MoneyBlueBook.com 443820 2009-11-24T17:32:51-08:00 Raymond Charles, Well my garage is at the rear of the house and faces South West (more towards the West). The front door/front porch area faces North East (more towards the East). Thanks for the tips 443840 2009-11-24T17:24:53-08:00 Charles Raymond, which direction does your driveway face, north, south, east or west? South is best because it's the warmest side. The sun is always the strongest on the south wall than all other sides. During winter, if your driveway is on the south side, then the snow will melt quicker, making it easier to shovel. 443850 2009-11-07T15:51:39-08:00 Financial Samurai Hi Raymond, Sounds good. $40-50,000/month in gross income is excellent for someone your age. Your should have a net worth over $1million by end of next year! Congrats! Financial Samurai 443830 2009-11-07T15:40:35-08:00 Raymond Financial Sumarai, I've been doing pretty well financially for some time now and hope that things will stay like this for some time. But you never know when the gravy train will stop so I've been saving hard as well. The increase in networth is due primarily to my monthly business income returns. I don't spend much and still drive the same car I've been driving for years. I haven't had any big purchases except for this new single family house I'm currently in the process of building....but the home is more of a tax deduction vehicle and investment than anything else. 443880 2009-11-01T09:50:39-08:00 Financial Samurai Great job on the big $33K cash increase! Is it safe to extrapolate that you're bringing in around $50,000/month gross and saving that in the form of cash net of taxes? Or is the increase in cash part of the decrease in stocks due to a sale, besides loss in value? FS 443860 2009-10-31T17:11:50-07:00 Raymond J.Wang, You're correct - my home has not yet been delivered. However, I previously paid out a $25,000 deposit for the new home construction. This month, I also paid out an extra and additional $4,824 down payment as a percentage of the options I added to the home. The options cover the hardwood upgrades and extra home appliances etc. Before the drywall goes up, changes to the options can still be made so. As for the $9,000 indicated in the above "Real Estate and Home Value" category - that's to reflect the increase in listing price by my home builder for my model. Due to relatively low housing supply for more upscale single family homes in my location, demand for new housing constructions has been pretty good lately - leading to the home builder increasing its prices for newly built homes. But I also happen to live in the DC/Maryland/Virgina metro area where due to the proximity and availability of federal government jobs, unemployment rates have been relatively lower than in other parts of the country, contributing to a healthier and more stable housing market. 443870 2009-10-31T09:30:59-07:00 J Wang Why did your real estate assets go up although you don't have the home or even a mortgage yet? Did your home already appreciate in value? If so, you're lucky because home prices have been plummeting where I live. Unemployment rates are going to keep the economy down for a while I think