Wednesday, January 1, 2014

2013 !!!

The year 2013 is now behind us.  I made an incredible increase in my net worth. I ended 2012 with a net worth of $48061.31 and ended 2013 with a net worth of $70418.13.  That is an increase of 46.52%.

During 2013, I decided to increase my percentage of paying myself first from 30% to 35%.  The markets have been doing good. At the end of every month, I also put the money that is left over into my investing accounts.  I also paid down my investment line of credit by approximately $2100. I started the year 2013 not paying any extra on the line of credit. The bank did raise my interest rate so started to make payments on it.

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

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2 comments:

  1. Dividenden-SammlerJanuary 2, 2014 at 9:04 AM

    Congratulations to this increase!
    If the markets mean well the next 12 months, you're at the end of 2014 at 100,000 USD :-)

    Best regards
    D-S

    ReplyDelete
    Replies
    1. Investing PursuitsJanuary 5, 2014 at 8:58 PM

      D-S,

      Thanks. The increase was a good boost psychologically. The market help me out with this increase so I can't give myself all the credit.

      If the markets do not have a sufficient correction and stay down I should be able to do well in 2014 as well.

      Delete

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