October 2014 Net Worth Check: Still Rising
I don’t pay much attention to the stock market. I just assume it will go up over time, and if I have money to invest, I invest it. Apparently it hasn’t been a great few months, stocks-wise, but our net worth did not drop. The reason it did not is that we are not wealthy. The growth in our net worth comes entirely from our savings out of our current income. Because our net worth is still relatively low compared to our income, our savings more than offset losses from the market. Anyway, here’s where we stand:
Investments: $59,225.48 (Up 7.5%, all of it new money that I put in my Roth)
- Mr. FP’s 403(b): $30,450.13 (up by $18)
- Mrs. FP’s rollover IRA: $17,123.83 (down by $48)
- Mrs. FP’s Roth IRA: $11,680.77 (up because of new investment)
Property: $2000 (1999 Honda Accord)
Credit Cards: -$2592.02
Net Worth: $65,535.88
That’s an increase of $2310.01, or 3.7%. Frankly, I think we should have done better. We’ve been spending money hand over fist on getting settled in Colorado–pint-sized snow boots, a down jacket for Mr. FP, bike supplies, etc. Most of these are (a) one-time purchases that should last many years–the coat, for instance, replaced a Starter jacket circa 1996–and (b) carefully considered purchases meant to support a frugal, outdoorsy sort of lifestyle. Still, I’d like to see us speed up savings by cutting the grocery budget, making fewer donut runs, etc. We tend to keep the holidays pretty low-key, so I’m optimistic that we might see better gains next time.
With the year winding down, where do you stand? Did the stock market cause you sleepless nights, or did you take it in stride?