Net Worth Update: December 2008

by Kevin on January 4, 2009

Our net worth technically increased in December — by quite a lot. But when you look at it on paper, I’m actually showing a 3.67% drop in net worth.

Why?

Well, it’s the end of the year and I’ve made my year-end adjustments. Meaning I’ve lowered the value of our house according to what our county tax assessor said it was worth, and dropped the value of our vehicles. Since I completed a new semester of MBA work, I also added a new deferred loan into the equation.

All of these things were negative hits on net worth. I have to account for them somehow and this seems to be the best way. Overall 2008 was a great year in terms of net worth. I started tracking it in December 2007. Since then our net worth has increased 32.43% including the adjustments I made this month. Not shabby. I wish it was closer to 50%, but you take what you can get.

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