Our 2007 Goals Status, Part 6: Did We Reach Our Net Worth Goal?
Posted on January 04, 2008 by Him and tagged goals, net_worth
This is the final part of our retrospective look at our 2007 goals. Here's part 1 (Roth IRAs), part 2 (Student Loans), part 3 (credit cards), part 4 (joint retirement portfolio), and part 5 (have more fun).
The answer to the question in the title: Hell Yeah.
See the chart below for a neat graphic on how our assets, liabilities, and net worth have progressed over the past two years. (If you're reading this in a feed reader or via email, it it seriously worth it to click to the actual post on our website to see the awesome bar/line graph. Seriously.)
...and without further ado, here is how the numbers look at the end of this year compared to the beginning...
| January 2007 | December 2007 | % Change | ||
|---|---|---|---|---|
| TOTAL NET WORTH | -$66,274.27 | -$32,059.99 | 51.6% | |
| TOTAL CHANGE FROM JAN 2006 | +$66,555.40 | |||
| TOTAL CHANGE IN 2007 (Goal of +$32,000) | +$34,215.27 | |||
| Assets | ||||
| Cash | $9,387.56 | $29,024.39 | 209% | |
| His SIMPLE IRA | $6,670.08 | $10,004.43 | 50% | |
| His Roth IRA | $6,470.53 | $6,090.93 | -5.9 | |
| His HSA | $557.76 | $172.07 | -69.1% | |
| Her 401K | $10,605.57 | $14,710.43 | 38.7% | |
| Her Roth IRA | $2,732.94 | $7,062.83 | 158% | |
| Automobile ? | $10,080.00 | $9,655.00 | -4.2% | |
| Household Items ? | $25,000.00 | $25,000.00 | 0.0% | |
| Accounts Receivable | NA | $1,370.16 | NA | |
| TOTAL ASSETS | $71,489.61 | $103,090.24 | 44.2% | |
| Liabilities | ||||
| Credit Cards (Rewards) | $4,276.06 | $5,973.43 | 39.7% | |
| Student Loans | $133,487.82 | $129,176.80 | -3.2% | |
| TOTAL LIABILITIES | $137,763.88 | $135,150.23 | -1.9% | |
We ended up the year over $2,000 over our net worth goal. Not too shabby!
This wraps up our goals for 2007. We kicked ass a little, if I do say so myself. In fact, Her and I agree that 2007 was one of the best years of our lives. We totally kicked 2007's ass. 2007, you're a little bitch.
This weekend we're going to finalize what we want to accomplish for 2008. We don't think we'll do as much ass kicking, but it better be prepared.
Comments/Trackbacks
Trackback URL: http://www.makelovenotdebt.com/MT/mlnd-trackbacks.cgi/1193
Way to go! It's so great that not only you met your goals, you exceeded them!
I only started reading your blog about a month ago, but I love it so far. It's very inspiring!
I really like your graph that shows an integrated assets and liabilities chart.
I have a blog dedicated to finances for military members and would like to know if we could exchange links. Thanks.
Brandon J
Money for Military
Mike | Jan 4, 2008
Fantastic job guys. Love the blog!
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