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2009 Net Worth Analysis

January 4th, 2010 at 06:34 pm

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 http://financiallyfree2bme.savingadvice.com/2009-net-worth-a... 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 http://cgi.money.cnn.com/tools/networth_ageincome/index.html 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:

    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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