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Net Worth Update: Quarter 4, 2010

Erm, oh, hi there! I could have sworn I was better about updating than this. I can’t believe you’re still around, reading this at all! (And believe me, I am truly grateful that you are!) I could make a bizillion million excuses for why I haven’t been around. But the truth is, things have been busy, in a good way. My previous post on here marks the start of my new wonderful job. And since then, money problems have just not been on the forefront of my mind. Sure, I’m not making the big bucks (by any standard), but… well, let’s get to the numbers first, then we’ll talk details.

October: $1,313 or +4.52 %

November: ($235) or -0.85 %

December: $904 or +3.23 %

Net Worth Graph - December 2010

Up, down, up! And all three months, higher than any net worth posted on this blog before that. Slowly, I work my way up from the deep valley of student loan debt – constantly reminded that my highest net worth was at age 17, when I hadn’t taken on any loans at all yet! And I also need to bear in mind that my tax bill this year will drop my net worth down to a more realistic level.

But my savings are growing, slowly yet steadily. I haven’t been able to contribute any more to a retirement fund yet, since my job situation was so shaky for part of the year, I have been much more focused on more liquid savings (like my emergency fund). I hope I can scrape up some money to throw into my Roth IRA before the April deadline, but I won’t cry a river if I can’t.

I don’t want to develop a lackadaisical attitude toward my money, but I can certainly see that the days of micromanaging are, at least for now, behind me. I used to have to watch every penny to make sure that my bills were paid. Some months I had to rely on my emergency fund, rather than adding to it. I’m not saying that I’m set for life now, but years of foundation-laying work might actually be paying off and allowing me to relax a bit. (Just a bit, though.)

This entry marks 4 solid years of updating this graph monthly. (Even if I haven’t managed to do so well at blogging about it during the last six months, I have updated the graph consistently!) The overall picture (something like a jack-o-lantern grin) is starting to become clear. I’m excited to see where it will go from here. And I hope, since you’ve come this far with me, you’ll stick around to see where it goes, too.

If you have any questions about my net worth or how it is calculated, feel free to ask them in the comments.

23 responses to “Net Worth Update: Quarter 4, 2010”

  1. Sallie's Niece

    My highest net worth was at 17 too! Sigh. It’s nice to see it going up. Keep up the good work!

  2. Mike

    You are a lot richer than I am at the moment. Sounds like you are doing great! Keep up the goood work. As for me, well it’s going to be a REAL long time before I can breath financially again :(

  3. Janet

    I love your realism — with your highest net worth at age 17. At least you grasp that concept, though. I know a lot of people who think they’re doing so well because they’re employed and bring in a paycheck … but in reality, they have so much debt. They were better off financially as teens.

    You’ll get those loans paid off! At least your debt is from education, not material things.

  4. Heidi

    I do have questions! Your blog has been so inspiring to me, a college student just beginning to see the end and the debts waiting to be paid off. Is there a good intro post about your net worth charts? I would like to begin making my own but I don’t want you to have to repeat everything. Could you direct me to some sort of a starting place?
    Thanks a bunch!

  5. R.Ruth

    Yes, getting older isn’t financially fun. As a teen you really don’t have any financial debts. In your 20′s you have rent and car payments. In your 30′s mortgage and children. From then on children are still helping on your financial debt. Cheers!

  6. Sandy @ yesiamcheap

    You net worth is much better than lots of us! Once you have a stable job, continue to live like a college student and pay off your debts as early as you can.

  7. P. Washer

    Congratulations! It’s good to see that things are finally starting to look up for you …especially in this tough economy. You may even have to change the name of your blog ;)

  8. Jasper

    Considering were in a recesion your doing very well. centainly better than me at the moment.

  9. Jane Sanders

    Hi Stepahine! This is my second time to visit your blog and my first time to comment.

    I love how you document your finances. Like Heidi, I would also like to start documenting my net worth.

  10. Max Hunter

    Mate you hit the nail on the head… I hadnt thought of it like that (well 18 for me). The good news is I should be back to that net worth by the time I’m 35:)

  11. jo

    Stephanie, I appreciate your level of openness about a subject that a story that is common to many.

  12. Ryan

    Keep at it. It really is a grind, but don’t think of “grind” as a bad word. It simply means steady progress forward.

    Good for you and congratulations.

  13. Jason

    Great post! I will be back!

  14. Perpendicular

    Well, at least it looks like you’re finally on the incline. My “Net Worth” was also at my highest before I started borrowing money. Best of luck to ya, and may the smile on that monetary graph raise more to the upward right, in the future… ;)

  15. Greg

    You don’t have a care (or debt) in the world at 17, good old days hey!! Looks like things are going well for you so keep it up!!

    Not so well here although I am going to get on it and get out of then 15k debt asap. Will be monitoring your progress too, maybe a race to 0!!

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  18. dennis

    Thanks for keeping this information updated. It helps to know how to get great net worth when you reach age 35. I have a few years to go yet.

  19. Ron Power

    Keep up with your plan, over the longer term you will see your asset base grow. The real trick is to spend less than you earn.

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    I am glad that you were able to achieve financial stability. I do believe that holding on to every penny would still count despite your higher net worth. You’ll never know when a crisis would hit you!

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