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2013 Year-End vs. 2012 Year-End

January 6th, 2014 at 01:42 am

Net worth increased 7.9%.

Non-financial assets (car & home) now represent 15.4% of net worth (last year it was 17.6%) ... 15% by retirement is definitely within sight (as long as we don't lose our minds and go out and buy a luxury car). I know this number does not matter to many people. To me it matters greatly because it means that we are NOT house/car poor.

Nothing new here, but we once again lived below the crossover point.

And ... drumroll please ... Somewhere since the time I last calculated, we officially became "Balance Sheet Affluent"!!! I guess I'll need to add a new category my blog since "Journey to Balance Sheet Affluent" no longer applies. It has been a long and sometimes slightly scary trip.

P.S. - "I hope you never fear the mountains in the distance. Never settle for the path of least resistance. Livin' might mean taking chances but they're worth takin'. Lovin' might me a mistake but it's worth makin'." (From 'I Hope You Dance' by Lee Ann Womack ... a song that I listened to over and over again for inspiration & courage when DH decided that he wanted to quit his salaried job and start his own business.)

7 Responses to “2013 Year-End vs. 2012 Year-End”

  1. creditcardfree Says:

    Congratulations for meeting that goal!! So excited for you. I really should figure this for us.

  2. starfishy Says:

    congrats - that's very exciting!! Smile what does Total Annual Realized Income mean?

  3. scfr Says:

    starfishy - That is a great question. Don't laugh, but I actually wrote to Dr. Stanley who wrote "The Millionaire Mind" to ask him what it meant. Since he did not reply to me (haha), I had to decide for myself. What I use is: 1) AGI + 2) New contributions to tax-deferred retirement accounts & HSA. Since my husband is self-employed and his income varies, I use the average for the past 7 years.

  4. MonkeyMama Says:

    Many congrats!

  5. starfishy Says:

    thanks for the explanation!

  6. rob62521 Says:

    Good job!

  7. FrugalTexan75 Says:

    WTG!

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