I am finally getting around to posting my year-end net worth. Drumroll please...
Yes, I finally crossed the $400k mark! That is a good feeling... though it is slightly diminshed when I remember that in January 2008 I was hoping to hit $410k by the end of that year!
During 2009, my net worth increased by 37%-- a pretty nice recovery from last year's dismal performance. The NetWorthIQ graph says it all:
December 2009: $408,490, up 37% from '08, up 13% from '07
December 2008: $298,700, down 17% from '07
December 2007: $360,008
If you just extrapolate the trend I was on until 2007, I'm still not quite back on track, but the economy isn't the only factor affecting that, as I've had higher housing costs since then. And who knows, if I hadn't bought my condo, I probably would have been even more exposed to the crash in the stock market-- I think my home value has actually held up better than some of my investments.
Here's the breakdown for year-end 2009:
|Cash & Bank Accts||$56,442|
My cash and bank accounts are almost $18,000 higher than they were a year ago, so it's not just investment performance that has bounced back-- I've saved cash, too. One thing that's actually lower than in December '08 is my home equity, as I took that down by $10,000 a few months ago due to sales data on comparable apartments in my area. My credit card balance is slightly less than it was a year ago, which I guess means I spent less on holiday gifts!
I'll post my 2009 expenses and income soon... and after I get my head around that, I will have to tackle setting some goals for the rest of 2009. Stay tuned!