Friday, January 2, 2009

Fourth Quarter Net Worth

I tally my net worth quarterly, so here's the net for December 31, 2008:

$522,948.

It would feel better if that same total on December 31, 2007 hadn't been:

$584,097.

Having done the math, I know that I've taken a $61,149 loss, or, put another way, my net worth declined nearly 10.5 percent over the course of a year.

In general, my retirement funds took the biggest hit--they are down 31%. My two pieces of real estate held up better, though, they, too, have come down in value. It still intrigues me that my rental home in a dying mill town on the coast has fared the best--I'm guessing that's because it's a good, small starter home in a good neighborhood.

I have to admit, it still feels good to be able to say I'm worth over half a million!

3 comments:

Mr. GoTo said...

I would be quite content with a net worth drop (by percentage) that you achieved in 2008. Congratulations.

Momthing1 said...

Your decreased net worth is still a pretty nice number. You've done rather well, considering you've raised 5 children and done it all by yourself!

Here's hoping we all have a more prosperous year this time around.

Florence said...

We're down 20% in our retirement accounts. I try my best not to hyperventilate when I think about it. DH is 62 and I am 61. We are both still working and frankly thankful to have jobs in this economy. We have stopped 403b contributions this year and are throwing everything at getting the house paid off by the end of 2009. I think we can do it but as the old saying goes,"There's many a slip between the cup and the lip."