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2009 Net Worth Analysis

January 5th, 2010 at 02:34 am

Once a year I analyze our net worth to get a current picture of our financial position. For the sake of simplicity, I don't include the value of autos or personal property, and I use the assessed values of real estate, minus mortgages, to determine equity.

I was surprised our net worth actually grew by 3.44% in 2009. It would have been significantly more except that real estate values continued to drop in CA and ID. Nonetheless, I am grateful for the positive growth, far better than in 2008 when our net worth shrunk by 5.6%.

My goal for 2010 is a 5% gain. It will be a challenge now that we're both retired, our income is lower, and we can no longer contribute to tax-sheltered accounts as we have done in the past. CD interest rates at 2-3% are not much help, but if all goes as planned, we will save about 20-25% of our net income. We'll see where things stand a year from now. Check out the

Text is page on my sidebar and Link is http://financiallyfree2bme.savingadvice.com/2009-net-worth-analysis.html
page on my sidebar for my 2009 Net Worth Analysis if you're interested in more details.

If you're curious how your own net worth stacks up against other folks in the same age/income bracket, use this
Text is calculator and Link is http://cgi.money.cnn.com/tools/networth_ageincome/index.html
calculator to compare. I did, and I learned our net worth is above the median for people in both our age and income brackets.

1 Responses to “2009 Net Worth Analysis”

  1. Ima saver Says:
    1262710646

    I am very impressed with your net worth. You use the same site that I do to track your net worth.

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