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?