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Change in Net Worth: end 2009 vs end 2010

December 28th, 2010 at 02:18 pm

I jumped the gun a little bit and went ahead and calculated our year-end net worth. These numbers could change (and our Vanguard account balances almost certainly will), but based on end-of-business yesterday's numbers our net worth increased 12.4% in 2010.

I'm perfectly satisfied with this number.

The value of our tax-deferred retirement accounts increased, the value of our home increased a teeny bit, and we had that tiny capital gain from our almost laughable stock trade. But the lion's share of the increase is from new savings (income exceeding expenses). In my personal experience, there really is no financial advice better than the old adage "spend less than you earn."

The one thing that had a negative impact on our bottom line was buying a new car in January. No regrets at all; I'd buy that car again in a heartbeat, and I know we got the best deal possible on the car. But it did effect our bottom line negatively because the current KBB is less than what we paid, and we lost some passive (interest) income by buying the car.




3 Responses to “Change in Net Worth: end 2009 vs end 2010”

  1. scfr Says:

    Correction: We bought the new car in February.

  2. ThriftoRama Says:

    You've got me thinking. Maybe I should start keeping track of our net worth. I seem to recall maybe calculating it once 5 years ago, and then never thinking of it again.

  3. CB in the City Says:

    Keeping track of your net worth is fun! It helps you to see that even when you have setbacks, you are still doing fine in the big picture.

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