HAPPY NEW YEAR! I know I’ve been MIA recently, but for good reason. A VERY close family member was in the hospital over the break so my family and I spent Christmas in the hospital. As I stayed in the hospital for a few days, I thought long and hard about health care costs in America. I have some strong observations as to why healthcare costs are so high and will continue to remain high unless fundamental changes occur. I’ll post my thoughts next week!
Click here to see my current net worth. Overall, an increase in net worth of $17,637 since my last update early December.
The major drivers of the increase were:
- Investment gains in the market
- Debt continuing to trend downward
Overall pleased with another month of gains. I will have to wait to see how the new “fiscal cliff” deal will affect my net worth net year. Thankfully, the income tax increases won’t affect me too much, but the payroll tax increase will hit everyone, and I have yet to see how the new taxes on rental income and capital gains will affect my returns.
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{ 5 comments… read them below or add one }
Per the straight forward in your face with the facts WSJ article, Michigan stands to gain with the new “right to work” law just passed. I tend to agree to the point I’ve issued a “buy” recommendation after telling my clients “no rush” for the last couple years. …. appreciate your sharing of wisdom. http://realtynetworth.wordpress.com/2012/12/20/right-to-work-i-smell-appreciation/
Paul @ RealtyNetWorth.com recently posted..Michigan Right to Work – I smell appreciation
Sorry to hear about your family spending time in the hospital over the holidays. That was us in 2011, and it’s never a pleasant way to spend time. I hope your family member is on the road to recovery, and I’m definitely curious as to your thoughts on health care spending.
We also had some solid growth, ending up about 3.2% for the month =)
Mrs. Pop @ Planting Our Pennies recently posted..PoP Balance Sheet – December 2012
Sorry to hear about your family memeber I hope all is well. Congrats on bumping up your net worth!
Brick By Brick Investing | Marvin recently posted..Successful Investors Eliminate Debt!
Mighty impressive to see a 1.4% net worth growth in a month! Inspiring blog you have!
Fred@Foxy Finance recently posted..How to calculate your net worth
Thank you! A good market helps!