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I wanted to take a quick look at my net worth over the course of 2006 before I do a detailed analysis of how my net worth performed.
Let me start with a chart of my monthly net worth for 2006. I started the year with a net worth of $206,990 and ended the year with a net worth of $317,904.
Here is another chart that tracks the total change per month in my net worth for 2006:
Not much new revealed in these charts. Unlike 2005, I never had a month in 2006 that my net worth decreased - despite major purchases inluding a new home and an engagement ring.
These charts look suprisingly similar to the charts in my 2005 net worth review.
Related in Net Worth:
2011 Net Worth Review (Jan 05, 2012) Its been a awhile since I posted an updated chart of our net worth growth. Here a net worth growth update including all of 2011: Progress continues to be made, but the better part of 2011 appears to be a...
December 2011 Net Worth Update (+$18,477) (Jan 04, 2012) Assets Nov-11 Dec-11 Change % Cash & Savings $ 22,960.53 $ 27,882.26 $ 4,921.73 21.44% Taxable Brokerage Accts $ 152,906.99 $ 158,906.63 $ 5,999.64 3.92% Roth IRAs $ 77,482.86 $ 82,652.93 $ 5,170.07 6.67% Pre-tax Retirement Accts $ 270,954.68...
November 2011 Net Worth Update (-$12,639) (Dec 12, 2011) It was no surprise that there was some pullback in our net worth value after a record setting gain in our October net worth. Assets Oct-11 Nov-11 Change % Cash & Savings $ 22,483.16 $ 22,960.53 $ 477.37 2.12% Taxable...
Comments (6)
$2M,
Congrats. You're doing wonderful!
If you keep this up, you'll be a millionaire in short order - maybe 4 years or sooner!!!
Here's an interesting comparison, I'm married with children and grandparents, but have two stellar incomes carrying the expenses.
Our networth increase in 2006 was about $118,000. You hit that amount on your own!
Great job.
Earn as much as you can now, spouses, children and grandparents are expensive!
Posted by makingourway | January 22, 2007 12:25 PM
Total increase of ~ $110,000; I'm guessing portfolio return of $40,000 and savings of $70,000. At your 56% savings rate, that would work out to a gross income of $125,000. Not bad for being 30 years old! I guess that's why the first rule of being wealthy is to have a good job.
Posted by CPA1298 | January 22, 2007 8:31 PM
Pretty interesting. First off, want to say very much appreciate the candor you provide through your numbers. Makes it easy for someone like me to see how other, regular folks can do this right. I was curious why your NW seemed to spike in August, October and December (according to the second chart). If I had to guess, I'd say one of those months involved getting a bonus?
Posted by not confucius | January 22, 2007 9:59 PM
I wish I was bringing in $125k - not close to that yet. The one thing I kind of ignored in my savings calculation was my cash balance pension - this was around $18k of my gains.
As for net worth spikes - check back in a few days - I am preparing for a detailed review of my net worth investment performance. In short - August - my cash balance pension vested; and Oct/Dec had healthy stock gains.
Posted by 2 million | January 22, 2007 10:41 PM
How much would the pension plan vesting change your savings rate? Maybe the composition of your increase is $40,000 from the stock market, $18,000 from the pension vesting, $5,000 from blogs and miscellaneous, and actual savings of about $47,000 (50% of ~ $95,000).
In any case, it was a fabulous year. I just hope the wedding doesn't slow you down much. In any case, the kids in a couple years will do that. At least you're the primary breadwinner, and losing the wife's teaching income won't be a dramatic decrease in earnings.
Posted by CPA1298 | January 23, 2007 9:59 PM
I would say that is a pretty good picture of my net worth increase.
I'm with you - obviously life changes will affect my ability to save earned income in future years, but I hope my future larger investment gains will ofset my lesser savings rates.
Posted by 2 million | January 23, 2007 11:00 PM