Wow, what a great year! The end result was better than I ever expected. I’m really happy to see that our diligent saving is paying off in more ways than one.
First, our investments grew by 40% due to a great stock market year as well as continuing to follow the ‘pay yourself first’ philosophy. Collectively, my wife and I contributed almost $30,000 to our retirement accounts in 2012.
Second, our cash savings grew by nearly 45%. We’re doing our best to save towards a down payment on a new home, so I’m glad to see we had some success doing that over the past year. I’m hoping to be able to contribute more towards this goal in 2013.
I’m not thrilled to see the increase in Liabilities, but the needed purchase of a car for my wife kind of forced our hand. I will likely also be getting a new car this year to help accommodate a better family life by adding a few more doors.
Here’s to another great year in 2013!
Donald
Age: 32
Assets: $401,669
Liabilities: ($129,290)
Net Worth: $272,379Memberships
Paul
Age: 31
Assets: 477,660
Liabilities: ($123,725)
Net Worth: $353,935
