Net Worth Update (+2.7%) & Year-End Summary (+37%)

by iam1percent on January 2, 2014 · 8 comments

Click here to see my current net worth.  The month of November ended up again due to broader stock market gains.  Overall, my net worth increased by 44,2880 since my last update early December.

The major drivers of the increase were:

  • Investment gains in the broader market

For the year, our net worth increased by $452,785.  Most all gains were due to aggressively paying down debt and the stock market (S&P 500) increasing 29% for the year.

We’ve had some major expenditures this year including a new roof (~$11k), a pool irrigation project (~$4k), two vacations (~9k), landscaping project (~$7k), not to mention $50k in primary home mortgage payments, $50k in charitable contributions, and other expenses (i.e. child care, food, utilities, car).

For 2014, I don’t anticipate we’ll spend nearly as much.  With another baby on the way, we will not likely go on vacation.  Home maintenance should be minimal.  However, with the wife taking a few months off to take care of the new baby, we will be out of some income for those months (she’s a contractor so no benefits).

I realize this year was an anomaly, but hoping for 8-10% returns next year.  Barring a major downturn in the stock market, I think this can happen.

How was your 2013 related to your net worth?

 

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{ 8 comments… read them below or add one }

Mrs PoP @ Planting Our Pennies January 2, 2014 at 11:19 am

We were up a little over $200K for the year, which for us was just shy of a 50% increase.

I think 2013 was kind to most personal balance sheets – and hopefully 2014 won’t take back these gains.
Mrs PoP @ Planting Our Pennies recently posted..PoP Balance Sheet – December 2013My Profile

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B January 5, 2014 at 11:18 am

We’re up about $350K, about a 35% increase.

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zimmy January 18, 2014 at 4:59 am

My wife and I will continue to pay off debt that we have accumulated over the last couple of years in 2014. I applaud you, gaining 37% of net worth in one year is beyond incredible. Hopefully, with some hard work paying off our debt. I will be able to see some of the same results that you have.
zimmy recently posted..Freelance Writer? Earn Some Extra Money With DevtomeMy Profile

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SNengr January 30, 2014 at 12:15 pm

My wife and I hit some major milestones. Paid off the mortgage and hit the $1M networth mark. We finished out the year at just under 35% net worth increase. Not too bad since I was unemployed 4 month this year. Our “plan” is to be able to retire in 15 years at the age of 50. 2013 was a great year and put us well ahead of schedule.

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Sally February 9, 2014 at 9:49 am

Do you have an update for February 1st? I know with the markets going down, my networth went down last month. :(
Sally recently posted..February GoalsMy Profile

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Jon February 10, 2014 at 10:16 pm

January = a rough enough month to be ignored? Feb. has been decent, though.

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iam1percent February 11, 2014 at 11:39 am

Its a blip on the radar. You’re right though. February has been shaping up.

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iam1percent February 11, 2014 at 11:40 am

Just updated! Down $100,000!!!

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