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Today, the bloggers of the M-Network (and friends) are posting on their Net-Worth totals for 2007. So, in the spirit of COMPLETE disclosure, I've decided to reveal myself to the world.

First, a quick definition.

Net Worth -  For an individual, the value of a person's assets, including cash, minus all liabilities. The amount by which the individual's assets exceed their liabilities is considered the net worth of that person.

from Investorwords.com

Unlike some of the other bloggers, I'm choosing not to go into deep details about my finances. I'll focus on some of the things that have improved for me this year.

Assets

Total assets come to $285k. Including house, investment funds, retirement funds, emergency funds, cars, etc. This includes an (almost) completely funded 401k, and retirement investments that appreciated by 25% this year (Yay Emerging markets!!)

This is up $35,000 from last year (Yay!)

Liabilities

`Total liabilities come to $178k, including mortgage and credit card debt. That's down $10,000 from last year. Some explanation; I've changed jobs twice this last year, so I've concentrated on increasing our emergency fund SIGNIFICANTLY (to 3+ months-worth of funds). That means that we've been living on credit cards more than usual. With the new year, we're planning on hitting the credit cards hard.

Net Worth

The total change to Net Worth is (drum roll,.......)

Increase by 73%.

I'm more than happy with how things turned out. It's been a pretty hectic year, but we've concentrated on saving and making sure that retirement and savings goals were met. It also means that this year is a 236% increase from 2 years ago.

I've been concentrating on getting my finances under control for a little over 2 years, so this dramatic a turnaround (3 years ago we had a NEGATIVE Net Value) is a great testament to hard work and getting financially fit.

What The Future Holds

One of my goals for next year is to concentrate on getting rid of all my credit card debts by the end of this year. With the car payments out of the way, and crossing my fingers for some job stability, this would end up being an almost 40 percent increase by itself. So I have a stretch goal.

I'm also hoping that my investments continue to show good returns like they have over the last few years (23% average yearly increase) even though things have been pretty up-and-down recently in the stock market.

Take a look at these other Net Worth posts

• Being Frugal - I’m in the black
• Cash Money Life - Net Worth Goals for 2008
• I’ve Paid For This Twice Already - It’s Hard to Get Back to Zero
• Moolanomy - December 2007 Site and Net Worth Review (+0.72%)
• Plonkee Money - net worth 2008?
• Single Guy Money - Single Guy Money
• My Dollar Plan - 2007 Net Worth Update: +19.7%
• Rocket Finance - Net worth for the new year
• Mrs. Micah - New years net worth - paid down debt in 20087 and bolstered savings
• DebtFREE-Revolution - Trying to Figure our Net Worth
• My Two Dollars - The M-Network Shares Their Net Worth - You Know You Want To Peek!

if you feel comfortable sharing, we'd love to hear from you on your Net Worth Goals this year.

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