As I mentioned in a previous post, I recently bought a personal finance book, Personal Finance for Canadians for Dummies. This book is great so far, its basically everything you ever needed to know about personal finance. The only downside may be that it's SO much info, its a little confusing at times. Anyways, reading this book got me thinking about my net worth, so I sat down and calculated it.
Savings Account: $1346.11
Net Worth = -$3544.54
Although this is a negative number, I don't feel bad about this. Mainly because I feel this is not bad for only being 21. I didnt start off with a huge amount of debt, because my first year of school was paid for with bonds my grandparents gave me every year from when I was born until I turned 18. So that paid for my tuition, and my parents paid my rent most of the time. So I only had to get a loan for my second year. This is the main reason why I have less debt than all my other friends from college who got loans for both years. So even though I'm in the negatives I feel I'm not too far away from the positive side of things.