You Know What’s High-Priced? Fixed Assets!

person in brown coat standing by brown house

Fixed Assets!!

Your Money or Your Life states, “In listing these, start with the obvious: the market value of your major possessions – for example, your house, your car(s)… Go through your attic, basement, garage, and storage shed. Itemize everything worth more than a dollar, without subjective evaluations like “That’s worthless.””

Hook me up with an inventory person because I must go through three bedrooms, garage, storage area, kitchen and living/dining room.

Most of the approximation of cash value would come from the vehicle, electronics, and supplies from expensive hobbies (scuba diving and/or snowboarding anyone??) Did I also mention we JUST bought new furniture last year?!

I also share expenses with a significant other and I’ll have to deduct my oldest son’s stuff since he’s turning 18 this year but besides that point, put together our fixed assets would be approximately between $50,000 to $60,000.

Honestly though, for the sake of simplicity, I’m not counting any of it. Big fat ZERO for fixed assets because 1. I use up things until they either need replacement or wear down badly and/or 2. If they’re still in great condition after a decade, items are either traded in or given away for free.

Uh, so what I got so far:

Liquid Assets – $24,102.92

Fixed Assets – ZERO

But Other Assets… now this part is where it becomes very personal, embarrassing, humbling, painful and maybe even disengaged yet… free.

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About the Author: Bea

Bea is a single parent mommy of a gifted-talented adolescent and another child with speech and learning disability. Her love for understanding, supporting and parenting these extraordinary and peculiar STARS of hers has led to her blog! When she's not surfing, stumbling on her own feet, or spending time with her boys, she's trying her hardest not to be the worst snowboarder in the Rockies.. self improvement, there's always room for self improvement! hehe

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